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Credit Suisse Group AG’s APAC business recorded the highest level of credit provisions for potential loan losses across each of the bank’s major divisions, reports Reuters, based on the lender’s Q2 results. The Swiss-based lender made $88.66m in provisions for credit losses in APAC for Q2, down 16% from around $105.96m in Q1. The lender named four individual potential bad-loan cases in the region, up from three in the Q1. APAC accounted for most of Credit Suisse’s loan loss provisions in Q2, ahead of the $84.12m for global markets and around $73.21m in in...

OCBC Bank Singapore Oversea Chinese Banking Corporation Limited which is also known as OCBC bank is the second largest banking institution in Singapore after the DBS Bank. They are headquartered in China and they offer their expertise in this field in Singapore. It is also one of the most trusted banking institutions in the country which have many branches and ATM all around the country. Singapore is one their main markets which comes right after China and they have quite lots of clients in the nation. They serve both local and international customers includ...

J.P. Morgan Singapore was establish in 1964. J.P. Morgan Singapore is provider of investment banking, commercial banking, private banking and also asset management. They have been operating in Asia Pasific since 1872. They have more than 17 market in region. J.P. Morgan Singapore is known for its global strength, leadership and local expertise. They are committed to helping promote economic growth. Also they help small businesses become more sustainable. J.P. Morgan has branches more than 100 countries in the World. J.P. Morgan is also in the energy, government, h...

Singapore, a small island nation in Southeast Asia, has become a global hub for wealth management in recent years. The city-state's success in this field can be attributed to several factors, including its favorable business environment, strong regulatory framework, and strategic location. In this blog post, we'll explore the reasons behind Singapore's rise as a hub for wealth management. Favorable Business Environment Singapore has consistently ranked as one of the world's easiest places to do business. The World Bank's Doing Business report has consis...

Do Power Banks Lose Charge When Not in Use? In today's world, where our dependence on electronic devices is ever-increasing, power banks have become an essential accessory. They provide the convenience of charging our gadgets on the go. However, a common question many users have is, do power banks lose charge when not in use? This blog post aims to explore this topic in detail, shedding light on the factors affecting the charge retention of power banks and how you can maximize their efficiency. Understanding Power Banks and Their Functionality Power banks...

DirectAsia.com is Singapore’s leading online insurance firm , that gives customers a spread insurance plans for Car, Motorcycle, Travel, Term Life, Home, and private Accident. Company's insurance products and services Insurance Online Car Insurance SOS Car Insurance Low Mileage Car Insurance Motorcycle Insurance Travel Insurance Term Life Insurance Home Insurance Personal Accident Insurance DirectAsia main office location 88 South Bridge Road, Singapore 058716 Contacts Customer Care Hotline: 666 55555 Claim Hotline: 6532 18...

```html Understanding PPP Loans: A Comprehensive Guide The Paycheck Protection Program (PPP) loans have been a pivotal financial lifeline for many businesses during challenging times. But what are PPP loans? This blog post delves into the intricacies of PPP loans, their purpose, eligibility, and impact on small businesses. What Are PPP Loans? PPP loans are a part of the U.S. government's response to the economic distress caused by the COVID-19 pandemic. The loans are intended to provide financial support to small businesses, enabling them to keep their workforc...

SINGAPORE (THE BUSINESS TIMES) - DBS Bank has joined Contour's network, which is built on blockchain technology company R3's Corda and digitalises global trade processes such as the creation, exchange, approval and issuance of letters of credit (LCs). It is the first Singapore bank to do so, ahead of the blockchain-based platform's full launch later this year, DBS announced on Monday (May 11). Other banks in the network include BNP Paribas, Bangkok Bank, ING, HSBC, Standard Chartered and Citi Ventures, according to the website for Singapore-based Contour. ...

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...

DBS Bank Singapore Swift Code The Swift Code for DBS Bank Singapore is; DBSSSGSG DBS Bank Singapore is known as the safest bank in Asia and they earned the title of the “Safest Bank in Singapore“ for 8 years in a row by the Global Finance Magazine. In this article, you can find the details of the swift code for DBS Bank Singapore which is required for the international money transactions for your accounts in this bank. Swift codes are the codes required for each bank and transaction. They define the bank, the country that the bank is located in and the c...

```html How Are Banks Started: Understanding the Foundation of Financial Institutions Have you ever wondered how are banks started and what intricate processes lie behind the birth of these pivotal financial institutions? Banks serve as the backbone of modern economies, facilitating transactions, providing loans, and safeguarding our money. In this comprehensive guide, we delve into the origins of banks, the steps involved in starting a bank, and the essential components that contribute to their successful establishment. The Historical Context of Banking Unders...

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...

Indian Overseas Bank Singapore Swift Code Indian Overseas Bank Singapore is another Indian banking institution which is operating in Singapore and offering services to citizens since 1941. The main difference of this bank is that it only offers services to businesses and retail customers. Therefore, as an individual customer, you will not be able to receive services from this banking institution. In this article, we will provide you a detailed information about the branches of Indian Overseas Bank Singapore as well as their opening and closing hours. Before sta...

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...

In recent years, digital banking has transformed the financial ecosystem in Singapore, ushering in a new era of convenience, innovation, and connectivity. As technology continues to evolve, banks are rapidly adapting to meet the growing demands of tech-savvy consumers. This article explores the journey of digital banking in Singapore, key trends shaping the industry, its benefits and challenges, and what the future may hold. The Evolution of Digital Banking in Singapore Singapore has long been recognized as a global financial hub, renowned for its robust r...