The Business Times
business-time-50

StanChart Singapore mulls digital-only bank under 'rooted foreign bank' framework

google-preferred-sourceAdd BT as a preferred source
Published Fri, Dec 4, 2020 · 09:50 PM

    Singapore

    STANCHART Singapore on Friday told The Business Times it is exploring an additional banking licence under the Significantly Rooted Foreign Bank (SRFB) framework in Singapore.

    In doing so, it would build something similar to its digital banking outfit, MOX, in Hong Kong, it said.

    Standard CharteredSingapore banksDigital bankingSingapore digital banks

    TRENDING NOW

    Over the past three years, Singapore has overtaken Hong Kong as the top destination for Taiwanese offshore wealth.

    Taiwan’s wealthy seeks diversification to Singapore, sparking private banking race: Bloomberg

    Investors have to understand the liquidity limits of evergreen funds before investing in them, says Craig MacDonald, managing director at HarbourVest.

    Evergreen funds making inroads into Asia: HarbourVest

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    Located along Tamarind Road, the five-storey Serenity Park condominium comprises 179 units across 10 blocks.

    Serenity Park condo owners lower asking price to S$440 million in second shot at collective sale

    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