Banking

Who calls the shots in OCBC’s corridors of power?

Its new group CEO Tan Teck Long must balance what minority shareholders want with the interests of one of Asia’s wealthiest clans

Lim Chung Chun, chairman and CEO of iFast, says the rebranding of FSMOne is to signal its intent to focus more on global customers.

iFast unveils ‘Truly Global Business Model’, rebrands FSMOne to FSM Global

The group is repositioning itself to view its customers as international – not just from the markets in which it operates

CBA reported a record cash net profit after tax of A$5.5 billion for the six months ended Dec 31, higher than A$5.1 billion for the corresponding year-ago period.

Commonwealth Bank’s H1 earnings hit record on market share gains, shares surge

It has been the standout performer of Australia’s Big Four banks in the past year

The review will cover only HSBC Life Singapore, and consider all options for the insurance manufacturing business. No decision has been made.

HSBC weighs future of Singapore life insurance business as analysts assess impact on wealth strategy

The bank says this comes under the group’s global ‘ongoing simplification’ drive

DBS’ quarterly dividend per share is expected to go up by S$0.06 to S$0.66 from Q4 FY2025.
BROKERS’ TAKE

UOBKH rates top pick DBS a ‘buy’ on 5.6% yield

It also upgrades the overall banking sector to ‘overweight’ and keeps its ‘buy’ call for OCBC

Since Vince took the helm in 2022, the bank has embarked on a massive transformation that includes streamlining client services, heavy investments in AI, and reorganising the bank’s operating model.

BNY deepens AI, digital asset embrace as it enters next phase: CEO Robin Vince tells BT

The New York-based bank has invested heavily in AI and culture transformation and is ready for its next stage, says Vince in an exclusive interview

BNY CEO Robin Vince says two-thirds of 50,000 people are working in offices that have been significantly renovated or brand new in the past three years.

BNY to move Singapore offices to Marina One East Tower

Investments into new spaces with better amenities are part of the bank’s transformation process that started in 2022

An installation view of UBS House of Craft x Dior in Singapore, featuring newly unveiled photographs by Brigitte Niedermair and archival couture pieces curated by Carine Roitfeld.
BRANDED CONTENT

A showcase of mastery: How creativity, heritage and innovation came together in S’pore

From new archival reveals to exclusive creative dialogues, UBS House of Craft x Dior marks a successful close to its Asian premiere

The model would be optional and would sit alongside existing rules, rather than replace them.

How banks handle interest rate swings may soon be clearer to investors

Newly proposed rules by International Accounting Standards Board centre on new Risk Mitigation Accounting model

Even as AI boosts productivity, OCBC is preparing for a deeper technological shift, says Praveen Raina, the bank’s head of group operations and technology.
THE BANKER

Why AI is now embedded ‘in almost everything we do’: OCBC’s Praveen Raina

The bank is investing in talent and expanding research partnerships with universities