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Why Are Piggy Banks Shaped Like Pigs? Have you ever wondered why piggy banks are shaped like pigs and why they are called "piggy" banks? Let's delve into the interesting history behind this common household item. The Origins of Piggy Banks The concept of saving money in a pig-shaped container dates back to the Middle Ages in Europe. During that time, there were very few options for saving money securely. People would often keep their coins in jars or pots made of various materials like clay or metal. Why Pigs? So, why did the pig become the symbol f...

SINGAPORE (BLOOMBERG, REUTERS) - DBS Group Holdings, Singapore and South-east Asia's largest lender, posted its first quarterly profit decline since 2017 as the coronavirus pandemic and oil price slump triggered a spike in loan-loss provisions. Net income fell 29 per cent to $1.17 billion in the three months ended March 31 from $1.65 billion a year earlier, the bank said on Thursday (April 30). That compares with the $1.19 billion average estimate of six analysts surveyed by Bloomberg. DBS last posted a quarterly profit decline in the third quarter of 2017. ...

EQ Insurance may be a Singapore-based multinational insurance company with profitable portfolio of non-life insurance business. The company’s core values are to make sure that customers enjoy a seamless enquiry, application and payment process, and enjoy quality products, advice and consistent information when purchasing a policy or enquiring on a claim. Company's insurance products and services Insurance Plans for Individuals: EQ Travel EQ Motor EQ HomeGuard EQ Hospital & Surgical EQ Hospital Income & Medical EQ Maid EQ Personal Acciden...

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...

AMONG the Singapore banks, UOB is generally seen to be more conservative in its wealth management (WM) pursuits, with a considerably smaller - and organically built - franchise when compared against its peers.

Singapore is known as one of the most developed financial centers in the world. The country’s economy has been built around its thriving financial sector, which has made it a popular destination for global investors and multinational corporations. Singapore’s financial sector is composed of various subsectors, including banking, insurance, asset management, and fintech. While this diversity offers many opportunities, it also means navigating through the complexities of the Singapore financial sector can be daunting. In this blog post, we will explore some of the k...

ANZ Singapore is one of the two designed regional hubs in the Asia region. It was founded as a representative for New Zealand and Australia Banking groups. ANZ Singapore was found in 1974. Later in 1980 it was converted to an offshore bank. In 2002 it was upgraded to a wholesale bank. ANZ Singapore offers solutions to investmant banking services, private banking, retail banking, corporate banking, trade finance, financial markets, corporate banking. ANZ Singapore Working Hours ANZ Singapore working hours for cash and counter services are Monday to Friday bet...

```html Understanding Net Open Position in Banks In the complex world of banking and finance, the term Net Open Position (NOP) frequently surfaces, especially in discussions about risk management and currency trading. But what exactly does it mean, and why is it crucial for banks? In this article, we will delve deep into the concept of net open position in banks, exploring its significance and implications. What is Net Open Position in Banks? The net open position in banks refers to the difference between a bank's total assets and liabilities in foreign currenc...

```html Calvin Banks Learns What Stepdad Really Does for a Living In the heart of every family lies a myriad of secrets, some benign and others surprisingly life-altering. For Calvin Banks, a curious teenager with a knack for uncovering truths, the revelation of his stepdad's true profession was both shocking and enlightening. This blog post delves into the intriguing journey of Calvin Banks as he learns what stepdad really does for a living and how it changes the dynamics of their family. The Suspicion Begins Calvin had always wondered about his stepdad's occu...

```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. ...

Maybank Singapore Maybank Singapore is the first Islamic bank that began to operate in Singapore and it is also the first bank to offer Islamic banking to retail customers. They have been serving in Singapore since 1960 and they are the only bank to receive three of the high-quality service awards in Singapore. They have more than 1600 employees and they offer services to 27 different destinations in the country. Besides they have a high amount of ATM all across the country, they have also made agreements with other 7 banks in order to increase their availabili...

SINGAPORE (THE BUSINESS TIMES) - OCBC Bank's annual general meeting (AGM) will be held virtually on May 18, the lender told shareholders in an announcement on Sunday morning (April 26). The original date was axed amid the deadly Covid-19 pandemic that has put the nation under lockdown. It is the second local bank to state its plans, after DBS unveiled virtual AGM plans in mid-April. Earlier this month, OCBC said it would postpone the meeting, which had been scheduled for April 30, pending changes to the law and rules on safe distancing and AGM tele-confer...

RHB Singapore Bank is a fully licensed bank. RHB Singapore Bank is one of the Malaysian largest banking group. RHB Singapore Bank gives services in the following areas: Treasury, Consumer banking, Business banking, Investment banking, Corporate banking. The bank was found in 1961. RHB Singapore Bank’s main Office is in Singapore at Cecil Street. RHB Singapore Bank Contact Information RHB Singapore Bank contact information is down below: You can dial the number: +65 6225 31 11, Fort he fax number +65 6227 38 05, You can e mail the...

In today’s fast-paced world, making informed financial decisions is essential. Whether you're planning to buy a house, finance a car, or consolidate debt, a loan calculator is a powerful tool that can save you time and money. This blog will explore the best loan calculators available online to help you understand your borrowing options and monthly repayments. Why Use a Loan Calculator? Loan calculators provide an easy way to estimate monthly payments, total interest, and the overall cost of a loan. They can help you: Compare different loan options. ...

Yes, it is possible for an Indian resident to obtain a loan from a Singaporean bank to do business in India. Many banks in Singapore offer business loans to foreign individuals and companies, including those located in India. However, the terms and conditions of the loan will depend on various factors such as the borrower's credit history, business plan, and the bank's policies. To obtain a business loan from a Singapore bank, the borrower may need to provide documentation such as financial statements, business plans, and relevant licenses and permits. The borr...