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LONDON (BLOOMBERG) - Problem loans at some of Standard Chartered's large clients may top US$600 million (S$854 million) as a string of corporate scandals coincides with woes at firms hit by the coronavirus pandemic. NMC Health, the hospital operator that's 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 d...

```html How Do Banks Benefit from Credit Cards? In today's fast-paced financial world, credit cards have become an essential tool for consumers and banks alike. While consumers enjoy the convenience and purchasing power that credit cards provide, banks benefit significantly from offering these financial products. In this article, we will explore the various ways in which banks benefit from credit cards and how this impacts both the financial industry and consumers. Interest Income One of the primary ways banks benefit from credit cards is through interest incom...

Citibank Singapore Citibank Singapore is the first American banking institution that began to operate in Singapore and today, it is one of the largest banking employers in Singapore. The bank has been offering services since 1902 and it has a great customer portfolio in the nation. It is possible to encounter many touch points of the bank in Singapore and in addition to this, they have more than 20 branches across the nation. Although the bank itself has a great ATM network all around the country, they also established agreements with other banks in order to se...

1. The Rise of Sustainable Investing Sustainability is becoming an integral part of wealth management in Singapore. With global concerns about climate change and environmental impact, investors are increasingly looking for opportunities to invest in companies and funds that align with their values. 2. Technological Innovation and Digital Transformation Technology continues to shape the future of wealth management in Singapore. The adoption of AI, blockchain, and big data analytics is revolutionizing how financial institutions manage wealth. Robo-advisors, in...

1. Overview of Singapore’s Financial System Singapore’s financial system is governed by the Monetary Authority of Singapore (MAS), which regulates and supervises banks, financial institutions, and capital markets. The system is designed to support economic growth while ensuring financial stability and investor protection. 2. Key Components of the Financial System a) Banking Sector Singapore is home to both local and international banks that offer a wide range of financial services, including retail banking, corporate banking, and wealth management. ...

The brave new world after the coronavirus crisis will see a highly digitalised economy that is also greener and more sustainable, said UBS regional chief Edmund Koh. Mr Koh, who is president of UBS Asia Pacific, added that some industries such as aviation, travel and entertainment will find it challenging while others such as e-commerce and logistics might thrive. He told The Straits Times in an exclusive interview: "We have always maintained that some industries would do well, such as e-commerce, high technology like 5G and automation, logistics like delive...

```html How Do Banks Benefit from Credit Cards? In today's fast-paced financial world, credit cards have become an indispensable tool for both consumers and banks. While consumers enjoy the convenience of deferred payments and rewards, banks have their own set of incentives to issue and promote credit cards. This article delves into the various ways banks benefit from credit cards, highlighting the multifaceted revenue streams and strategic advantages they gain. Interest Income One of the primary ways banks benefit from credit cards is through interest income. ...

The bank has approved three times more loans in March compared to January. United Overseas Bank (UOB) today announced that it will be offering pre-approved loans of up to $200,000 to help ease the short-term liquidity woes of small businesses impacted by the COVID-19 pandemic, the bank announced. The collateral-free loan is intended to help small businesses, which make up two in three of all small- and medium-sized enterprises in Singapore, especially those from hard-hit sectors such as retail and food and beverage, said UOB. The bank has approved three t...

SINGAPORE - Citi Singapore will offer all summer interns full-time analyst roles when they graduate as long as they meet certain minimum requirements, the bank said on Wednesday (April 22). The initiative, which is aimed at supporting fresh graduates during the pandemic, will benefit 76 interns. Around 80 per cent are in their penultimate year at local institutes, including the Nanyang Technological University, the National University of Singapore (NUS), the Singapore Management University and the Singapore University of Technology and Design. The rest ar...

```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...

Bank of Singapore is subsidiary of OCBC Banks which is the second largest bank of the Southeast Asia. Bank of Singapore is hadquarted in Singapore and operates from a open economy. Bank of Singapore is the fastest growing private bank in the Asia. Parent company of Bank of Singapore, OCBC was found in 1932. OCBC is known for its financial strength and stability. It is one of the world’s most highly rated banks accordding to the Moody’s. Bank of Singapore continues to build relationship with their clients. Bank of Singapore Contact Information Bank of Singapo...

SINGAPORE - Companies are flocking to PayNow Corporate to make and receive payments as social distancing measures bring about a sea change in business operations. The amount transferred with the service hit $3.12 billion in February, a striking 713 per cent jump from the $383 million in the same month last year, the Association of Banks in Singapore noted on Thursday (April 23).

In today's globalized world, people are constantly traveling overseas for business, education, and leisure. With the increasing reliance on technology for financial transactions, it is crucial to know if one can use their bank's internet banking service, such as DBS iBanking, while overseas. The answer is yes, DBS iBanking can be used overseas. The bank's internet banking service is available 24/7, regardless of the location of the user. This means that users can access their accounts, view their transaction history, and make payments and transfers from anywher...

The Growing Influence of Cryptocurrencies in Singapore Singapore has long been known for its strong financial services sector. As cryptocurrencies become more mainstream, the city-state has embraced the opportunity to integrate digital currencies into its robust financial infrastructure. The government and regulatory bodies, such as the Monetary Authority of Singapore (MAS), have been proactive in establishing a regulatory framework for cryptocurrencies, providing a secure environment for both businesses and investors. Regulatory Environment One of the ke...

Maybank Singapore Branch Maybank Singapore is known for their banking services which they offer under the Islamic terms. This means that they do not have any interest but other types of terms to make profit from the banking services such as the personal or business loans. They are the first Islamic bank in the nation which has more than 1800 people working for them today. They offer services to anyone in Singapore and they offer all kinds of banking transactions. They have more than a twenty branches in all around the country but in addition to this, they ha...