The Business Times
business-time-50

Citi preparing 'interesting response' in credit card market

Bank monitoring trend of tying spending to interest rates earned on savings

Published Mon, May 25, 2015 · 09:50 PM

    Singapore

    CITIBANK Singapore may have retained its pole position in the credit card market, but it is defending itself against keen competition.

    For one thing, it will have an "interesting response" to the trend of tying credit card spending to the interest rates earned on bank savings, a top executive said at a briefing on Monday.

    TRENDING NOW

    Broadcom CEO Hock Tan (left) and Intel CEO Lip-Bu Tan (right) in a panel discussion moderated by DBS’ CEO Tan Su Shan.

    Companies still in search of AI use cases with worthwhile ROI, says Broadcom’s CEO

    Sultan Ibrahim Iskandar’s S$6.1 million purchase comes as the iron ore producer expands its presence in Malaysia’s rare earths industry.

    Malaysian king buys stake in Singapore-listed mining firm expanding into rare earths

    Malaysian Chinese bag-maker Liew Bin now sees value in protectionist measures as low-cost competition from China threatens Malaysian small and medium-sized enterprises.

    Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing

    The wealthy buy time, synthesis and judgment. Everyone else is handed information and left to assemble it themselves.

    Singapore’s wealth management success should extend to everyday families

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More