Citibank Singapore

Citibank will close its last “transactional” branch in Singapore, while HSBC has announced the largest update to its Premier and Premier Elite offerings in over two decades.

The bank will offer some in-person services at its three wealth management centres during this transition.

Up to 810,000 attempts to access both digital banking platforms were estimated to have failed during the Oct 14 disruption

Breaches were identified during MAS’ investigation of the alleged involvement of Singapore-based entities in the Wirecard scandal.

A bill proposing amendments to the Financial Services and Markets Act was read for a second time in Parliament on May 9.

In the new role, Read will lead the Singapore retail banking franchise, one of the global bank’s largest business.

The bank says the new hub is a key part of its multi-year growth plan and evolving retail strategy.

It has been more than 20 years since Singapore liberalised its financial sector. In the past five years, the focus has been on financial services going digital as part of a Smart Nation initiative. Last year, the Monetary Authority of

Singapore will witness a deeper recession this year after the nation extended and tightened its partial lockdown, Citigroup Inc. warned, widening its forecast for an economic contraction.

Say goodbye to savings accounts that barely give you adequate returns on your money, and hello to the ones with the highest interest rates.