Search Results for: DBS Bank
DBS launches new innovative learning centre
December 18th, 2015
DBS Bank today officially launched the DBS Academy, an innovative learning centre that will focus on building a strong talent pool that will help shape the future of the finance industry. Deputy Prime Minister and Coordinating Minister for Economic ...
Investor sues DBS over Forex trade case
November 4th, 2015
She claims bank misled her into buying ‘useless’ options to protect margin positions A Singapore businesswoman, who lost US$6 million (S$8.4 million) in forex trades, has sued DBS Bank, seeking to restore her accounts to their levels before the ...
Singapore Returns Up to $9 Billion to Banks in Rate Probe
November 7th, 2014
Singapore’s central bank gave back as much as S$12 billion ($9.3 billion) that it took from 19 lenders last year as a penalty for trying to manipulate benchmark interest rates. The banks have taken steps to prevent a recurrence ...
Singapore to Require Banks to Hold Liquid Assets for Crises
June 25th, 2014
Banks in Singapore will soon be required to keep certain amounts of easy-to-sell assets on hand in the country to support themselves in times of stress. The new liquidity framework applies to lenders with a “significant retail presence” in ...
Emerging Asia’s best currencies become worst amid virus woes
April 2nd, 2020
The exact same factors that propelled the Indonesian rupiah and Thai baht to the top of the Asian pack in 2019 are dragging them lower now. The two currencies are the worst performers in emerging Asia this year as ...
OTC Clear Welcomes BNP as its First Clearing Member from France
September 19th, 2017
OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX) that was set up in 2013 to provide clearing services for over-the-counter, or OTC, derivatives, welcomes BNP Paribas (BNP) as 17th clearing ...
MAS, R3 and Financial Institutions experimenting with Blockchain Technology
November 16th, 2016
The Monetary Authority of Singapore (MAS) today announced that it is partnering R3, a Blockchain technology company, and a consortium of financial institutions on a proof-of-concept project to conduct inter-bank payments using Blockchain technology. This project could potentially avail ...
Asia markets mostly up as oil climbs; Nikkei down 1.3%, Shanghai up 1.7%
March 18th, 2016
Asian markets traded mostly higher Friday, after U.S. indexes ended higher and oil prices hit their highest levels for this year. But a stronger yen continued to weigh on Japan’s shares. “The drivers of big swings in the markets ...
Asia mostly higher with Nikkei leading the pack
March 2nd, 2016
Asian markets rose Wednesday, with Japan’s Nikkei 225 index leading the way after a strong finish on Wall Street overnight. The Japanese benchmark index was up 4.26 percent, with the yen hovering near the 114 handle against the dollar, after falling ...
StanChart:We announced the world’s first application of distributed ledger technology for trade finance
December 18th, 2015
Standard Chartered Bank, DBS Bank and Infocomm Development Authority of Singapore (IDA) have successfully completed a proof of concept (PoC) delivering the world’s first application of distributed ledger technology to enhance the overall security of trade finance invoicing. Leveraging ...
