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LONDON • Problem loans at some of Standard Chartered's large clients may top US$600 million (S$851 million) as a string of corporate scandals coincides with woes at firms hit by the coronavirus pandemic. NMC Health, the hospital operator that has uncovered evidence of fraud, and Hin Leong Trading, the Singapore oil trader being investigated by police, represent nearly US$500 million of lending for Standard Chartered, according to public filings. Separately, a South African farm bank that the London-based company lends to has defaulted on some of its debt.

HONG KONG (BLOOMBERG) - Before the accounting scandal and the stock crash and the defaulted loans, Luckin Coffee's billionaire founder Lu Zhengyao was an ideal customer for Credit Suisse Group. "I've had I don't know how many dinners with him in Beijing and he's absolutely the poster child for what we want to do," Tidjane Thiam said at a conference last year when he was still head of the bank. He lauded Lu's relationship with the firm that ranged from private banking to stock sales. "He's a dream client." Luckin's dramatic fall from grace this month blindsid...

1. The Role of the Monetary Authority of Singapore (MAS) The Monetary Authority of Singapore (MAS) is the key regulatory body overseeing the financial services industry in Singapore. MAS plays a critical role in ensuring the stability and integrity of the financial system while encouraging innovation in the fintech sector. 2. Fintech Regulatory Sandbox One of the standout features of Singapore’s regulatory environment is the Fintech Regulatory Sandbox introduced by MAS. This sandbox allows fintech startups to test their innovative products, services, and busi...

DBS internet banking is a convenient way for customers to manage their finances without having to visit a bank branch. Setting up internet banking is a simple and straightforward process that can be completed in a few easy steps. Step 1: Visit the DBS website To begin setting up DBS internet banking, visit the DBS website and click on the "Login" button at the top right corner of the page. Then click on "Personal Banking" and select "Register for internet banking." Step 2: Verify your identity You will be asked to provide your personal details such as ...

DBS Bank is one of the largest banks in Singapore, with a global presence in several countries. As a customer of DBS Bank, you may need to obtain a bank statement for various reasons, such as for tax purposes, loan applications, or financial planning. In this blog post, we will guide you through the process of obtaining a DBS Bank statement. Method 1: Through DBS Bank Internet Banking The most convenient and fastest way to obtain your DBS Bank statement is through the bank's internet banking platform. Here are the steps to follow: Log in to your DBS Ba...

The Singapore financial market is home to a number of key banks that play a crucial role in supporting the country's economy and serving the needs of individuals, businesses, and corporations. These banks offer a wide range of services including retail banking, wealth management, investment banking, and more. DBS Bank is one of the key banks in the Singapore financial market and is the largest bank in the country. With a focus on innovation and customer-centric services, DBS Bank provides a full range of banking services to individuals, businesses, and corporat...

Citibank Singapore Branch Citibank Singapore is an American based banking institution which offers services to many of the Singapore citizens and tourists since the year of 1902. It is the first foreign banking institution in the country and it is still among the most reliable services. The bank offers services with 20 branches across the nation but in addition to these, they have more than 1500 touch points including the ATMs. Moreover, they had agreements with more than 10 banks in order to share their ATMs to serve their clients no matter where they are in t...

```html Which Banks Use Equifax in Australia: A Comprehensive Guide In the financial landscape of Australia, credit reporting agencies play a pivotal role in determining an individual's creditworthiness. One of the major players in this field is Equifax, a global leader in consumer and commercial credit reporting. For those wondering which banks use Equifax Australia, this blog post provides an in-depth look at the banks and financial institutions that rely on Equifax for credit assessment and decision-making. Understanding Equifax's Role in Australia Equifax i...

ANZ Singapore Branches ANZ Singapore is an Australian and New Zealand joint venture which is offering services through various means in Singapore for a very long time. They offer their services with the high-quality European understanding and they managed to combine this quality with the needs of the Asian people. They have more than [su_label type="black"]20 branches[/su_label] in all around the country with many kiosks which offer 24/7 services all the time. However, they have a limited number of branches in the country which is only three but all of them are...

Maybank Singapore Swift Code Maybank Singapore Swift Code is MBBESGSG. Maybank Singapore is the first Islamic banking of Singapore which offers services to millions of people who are residing in Singapore or at least visited the nation for once and opened an account on their bank. They offer various services with various means and thanks to their wide banking network all around the nation, many people still prefer them for their banking transaction. You may be one of them or you may be thinking about whether you should work with them or not. No matter your c...

In this section, you can find the HSBC Bank Branch Locations in Singapore which we have compiled just for our visitors. There are 11 branches in Singapore. It is possible to handle all of your transactions that you want to perform with your bank. Although HSBC Singapore may not have to most branches in the country when compared to the other banks operating in Singapore, you can be sure that they never give up from their understanding of quality service. If you are one of the clients of any HSBC branches in all around the world, you can expect the same quality t...

Margins are expected to shrink 6-10 bps compared to Q4 2019. Singapore’s big three banks are expected to post an average 38% YoY fall in earnings for the Q1 period on the back of spiking credit costs and falling credit card income, according to a report by Jefferies. Meanwhile, the banks’ non-interest income is expected to contract by 6-13% YoY, whilst revenue for the three banks will fall 2-4% YoY, due to falling card income, wealth management income, and weak stock prices. Whilst system loans and deposits grew 3.5% and 4.9% YTD respectively, pushed by b...

The financial industry in Singapore is dominated by a number of significant banks that offer a comprehensive range of services to individuals, businesses, and corporations. These banks have established themselves as key players in the industry, offering innovative solutions and exceptional customer service to support the growth and development of the country's economy. DBS Bank is one of the significant banks in the Singapore financial industry and is the largest bank in the country. With a focus on innovation and customer-centric services, DBS Bank offers a wi...

SINGAPORE (THE BUSINESS TIMES) - The Singapore FinTech Association (SFA) and Razer Fintech have agreed to provide fintech companies in Singapore bridge financing, equity or equity-linked instruments ranging from US$100,000 to US$1.5 million (S$143,000 to S$2.1 million), they said in a joint release on Thursday (April 23). The final sum depends on the fintech company's stage of growth and business requirements. Financial assistance is one of several measures the partners are rolling out to address key issues faced by local fintech players due to the Covid-19 ...

Applying for student loans can feel overwhelming, but with the right approach, you can secure the funding you need for your education. In this guide, we’ll walk you through the process of applying for student loans, ensuring you make informed decisions every step of the way. What Are Student Loans? Student loans are financial aids provided by government or private institutions to help students pay for tuition, books, and living expenses during their studies. These loans typically need to be repaid with interest after graduation. Step 1: Assess Your Financ...