banks

 SINGAPORE (Jan 20): DBS Group Holdings is likely to face an increasing number of challenges this year, but none of them should involve the new digital banks. Glob­ally low interest rates may pressure the net interest margins of banks in general and

According to analysts polled by Bloomb­erg, DBS Group Holdings is likely to report the highest growth in prof­it after tax (NPAT) for FY2019 end­ed Dec 31, 2019, of 12.3% (see table 1). Oversea-Chinese Banking Corp is likely to report a 6.1% rise in NP

local banks in favour from dividend lift

(Jan 1): Deposits by non-residents in Singapore banks rose 2.6% in November to $51.1 billion, the eighth consecutive month of gains, according to Monetary Authority of Singapore data.

(Dec 27): Banks around the world are unveiling the biggest round of job cuts in four years as they slash costs to weather a slowing economy and adapt to digital technology.

In the past 10 years, the local banks have given investors decent returns. DBS Group Holdings’ total shareholder returns stand at 157%, or a compound annual growth rate of 9.9%. Oversea-Chinese Banking Corp (OCBC) has returned 84.6% in the past decade,

SINGAPORE (Sept 16): Behind the scenes at some of the world’s biggest banks, small teams of employees are busy trying to calculate what might prove to be one of the most important numbers any financial institution will ever disclose: how much the assets

(May 7): Singapore is discussing the possibility of allowing virtual banks to operate in the city state, the Monetary Authority of Singapore said Tuesday.