The company's products are gaining popularity in oversea markets, too.
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You can use Google Hangouts internationally to make oversea calls.
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SI), $184 million owed to Oversea-Chinese Banking Corp Ltd (OCBC.
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Singapore's three banks — DBS, United Overseas Bank and Oversea-Chinese Banking Corp.
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The affected institutions are DBS Bank, DBS Group Holdings , Oversea-Chinese Banking Corp.
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The source of information used to assess these ratings was Oversea-Chinese Banking Corp.
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Oversea-Chinese Banking Corporation, a big Singaporean bank, is also using Silent Eight's technology.
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Oversea-Chinese Banking Corp Ltd is the financial adviser to Coronation 3G in the offer.
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Rivals DBS Group Holdings and Oversea-Chinese Banking Corp (OCBC) also both advanced 1 percent.
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Singapore's banking market is dominated by DBS Group, Oversea-Chinese Banking Corp and United Overseas Bank.
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United Overseas Bank reports results on May 3 followed by Oversea-Chinese Banking Corp a week later.
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A spokeswoman for Great Eastern, which is controlled by Singapore's Oversea-Chinese Banking Corp, declined to comment.
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Norway's DNB Bank also has a $14.6 million claim, and Oversea-Chinese Banking Corp (OCBC) has $13.1 million.
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Gaby worries there could be even more consequences, such as Americans getting shut out of oversea markets entirely.
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Singaporean lender Oversea-Chinese Banking Corp (OCBC) in April snapped up Barclay's Asia wealth business for $320 million.
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Singapore's banking market is dominated by DBS Group Holdings Ltd, Oversea-Chinese Banking Corp and United Overseas Bank Ltd.
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Its smaller peers, Oversea-Chinese Banking Corp and United Overseas Bank, are expected to follow in the coming week.
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Singapore's banking sector is dominated by three major banks — DBS Group, Oversea-Chinese Banking Corp, and United Overseas Bank.
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That followed Oversea-Chinese Banking Corp's Thursday announcement that its second-quarter net profit rose 200 percent on-year.
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Its smaller rivals, Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB), opened 0.1 percent higher and flat, respectively.
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This black bag looks more dirty after one oversea trip than my grey one does after six months of use.
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The unit of Oversea-Chinese Banking Corp Ltd, hired two senior bankers from Credit Suisse to boost its Philippines team.
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In May, National Australia Bank announced that it is selling its private wealth business to Singapore's Oversea-Chinese Banking Corp.
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Singapore's banking sector is dominated by three major local banks — DBS Group, Oversea-Chinese Banking Corp, and United Overseas Bank.
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In response, Singaporean banks - including Ezra creditors DBS Group Holdings Ltd and Oversea-Chinese Banking Corp - have been preparing for casualties.
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Its smaller rivals Oversea-Chinese Banking Corp and United Overseas Bank are expected to do so on May 10 and May 3, respectively.
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Strikes by missile-armed Predator and Reaper drones against oversea targets began under former President George W. Bush and were expanded by Obama.
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Singh spent six years with JPMorgan in Asia advising on deals including Oversea-Chinese Banking Corp's acquisition of Hong Kong's Wing Hang Bank.
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Citigroup, Credit Suisse and Oversea-Chinese Banking Corp are the financial advisers to OUE Commercial, while BofA Merrill Lynch is advising OUE Hospitality.
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"Oversea shot seems unlikely — Bahrain has a long-range air-surveillance radar," the former officer said, including the sophisticated AN/TPS-59 radar.
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HK/SIN, while its smaller rivals Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) slipped 0.53 percent and 0.62 percent, respectively.
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The company named DBS Bank Ltd, Oversea-Chinese Banking Corp Ltd, United Overseas Bank Ltd as its principal bankers in its 2015 annual report.
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The spending keeps going ... F&B then hired other attorneys to deal with trademarks, oversea litigation and services on deal proposals, among other things.
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DBS kicked off the reporting season for Singapore banks, with smaller peers Oversea-Chinese Banking Corp and United Overseas Bank reporting results on Friday.
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L) earlier this month agreed to sell its wealth and investment management business in Hong Kong and Singapore to Oversea-Chinese Banking Corp (OCBC) (OCBC.SI).
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"Frankly speaking, we are still not quite sure where the PBOC boundary is at the current stage," said Singapore-based Oversea-Chinese Banking Corporation (OCBC).
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British lender Barclays earlier this month agreed to sell its wealth and investment management business in Hong Kong and Singapore to Oversea-Chinese Banking Corp.
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Chew, a former lawyer, is also the granddaughter of the late Tan Chin Tuan, the prominent former chairman of the Oversea-Chinese Banking Corporation (OCBC).
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If the US did pass a law restricting encryption or mandating backdoors, the result would likely be a shift to oversea vendors, the paper concludes.
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Last week, peer Oversea-Chinese Banking Corp posted its weakest quarterly profit this year after booking a one-off charge at its Indonesian banking unit.
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The French government deemed the business strategic for the country at the time, as it guarantees high-speed Internet connections with oversea territories and African countries.
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The shares of other banks in Singapore also climbed, with Oversea-Chinese Banking Corp rising more than 2%, and United Overseas Bank up more than 2.8%.
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"This was a time when Chinese merchants became more active in maritime trade, more reliant upon oversea routes than on the overland Silk Road," she said.
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United Overseas Bank and Oversea-Chinese Banking Corp, have also flagged concerns about loans to the oil and gas services sector - a key industry in Singapore.
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The economic slowdown in China will affect Oversea-Chinese Banking Corp's ability to grow its loans business this year, the lender's chief executive said on Friday.
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United Overseas Bank and Oversea-Chinese Banking Corp , have also flagged concerns about loans to the oil and gas services sector - a key industry in Singapore.
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OCBC NISP's rating reflects Fitch's belief that the bank is likely to receive extraordinary support, if needed, from its parent Oversea-Chinese Banking Corp (OCBC, AA-/Stable).
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"The world right now is in a precarious state and gold is due to benefit from this situation," said Howie Lee, economist at Oversea-Chinese Banking Corporation.
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SINGAPORE, Aug 6 (Reuters) - Singapore's Oversea-Chinese Banking Corp Ltd posted a 16 percent rise in quarterly profit on Monday, while net interest income rose 8 percent.
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Last year, Barclays agreed to sell its wealth and investment management business in Hong Kong and Singapore to a unit of Singapore's Oversea-Chinese Banking Corp (OCBC).
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It makes Wall Street pay their fair share by closing tax loopholes on oversea profits to directly fund our water infrastructure and meet our water infrastructure needs.
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SINGAPORE, Nov 1 (Reuters) - Singapore's Oversea-Chinese Banking Corp Ltd reported a 12 percent rise in quarterly profit on Thursday, supported by robust growth in net interest income.
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HONG KONG, Feb 29 (IFR) - Oversea-Chinese Banking Corporation is planning a covered bond programme via Barclays and Credit Agricole, according to multiple sources familiar with the issue.
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Singapore's second largest lender Oversea-Chinese Banking Corporation (OCBC) on Monday launched an Indonesian private banking unit as the bank expands its wealth management presence in the region.
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The OJK met with officials from the Indonesian affiliates of United Overseas Bank, DBS Group, and Oversea-Chinese Banking Corp on Tuesday, the regulator said in a statement.
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President Donald Trump's new tariffs on China could "shrink" the global economy, said the chief executive of Singapore's second-largest lender by assets, Oversea-Chinese Banking Corp, on Friday.
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It is understood the company owes more than $270 million to Singapore's largest lender DBS Group Holdings and $184 million to the second largest bank, Oversea-Chinese Banking Corp.
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Earlier this year, Barclays agreed to sell its wealth and investment management business in Hong Kong and Singapore to a unit of Singapore's Oversea-Chinese Banking Corp (OCBC) (OCBC.SI).
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October 24, 2018 A major hurricane in Mexico, the longest oversea bridge on Earth, and a rocket-scale type of water fountain are three of our subjects this Wednesday.
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Oversea-Chinese Banking Corporation's (OCBC) exposure is estimated to be S$300 million, while that of United Overseas Bank (UOB) is at S$166 million, according to the CIMB note.
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DBS's S$23 billion exposure to oil and gas companies excluding Swiber was bigger than rival United Overseas Bank's S$14 billion and Oversea-Chinese Banking Corp's S$13 billion.
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While Singapore's Oversea-Chinese Banking Corp and United Overseas Bank, have also flagged stress in the oil and gas support services sector, DBS is more exposed than its smaller rivals.
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SINGAPORE, Jan 8 (Reuters) - Oversea-Chinese Banking Corp Ltd (OCBC) named Helen Wong, former HSBC Holdings' Greater China chief, as the head of its newly created global wholesale banking division.
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Capitalisation levels, funding and liquidity of Singapore's three major banks - United Overseas Bank Limited (AA-/Stable), Oversea-Chinese Banking Corp (AA-/Stable) and DBS Group Holdings (AA-/Stable) - remain strong.
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Peng said the bank likes Singapore lenders — a view shared by investment bank Jefferies, which has a "buy" rating for DBS Group Holdings, Oversea-Chinese Banking Corp and United Overseas Bank.
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SINGAPORE, May 7 (Reuters) - Singapore's Oversea-Chinese Banking Corp Ltd posted a 29 percent rise in quarterly profit on Monday, underpinned by strong growth in net interest income and wealth management.
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It is expected to shake up the banking sector in the city-state, which is dominated by three large domestic players — DBS Group, Oversea-Chinese Banking Corp and United Overseas Bank.
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DBS Bank is the sole issue manager for the offering, and is also one of the joint financial advisers along with Oversea-Chinese Banking Corp Ltd and United Overseas Bank Ltd.
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Its share price has roughly doubled in the past two years, outstripping the gains of Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB), its main local rivals (see chart).
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The company said it had unsecured loans of $272 million, owed to DBS Bank, $184 million owed to Oversea-Chinese Banking Corp and $108 million to a Singapore affiliate of HSBC.
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The private banking unit of Singapore's second-largest lender Oversea-Chinese Banking Corp is also spending on areas such as monitoring of fund flows and cyber security, a top executive said.
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SINGAPORE, Aug 2 (Reuters) - Singapore's Oversea-Chinese Banking Corp Ltd reported steady second-quarter profit, while its net interest income rose to a record, driven by growth in loans and margins.
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Meanwhile, Oversea-Chinese Banking Corporation reported profits of 1.08 billion Singapore dollars ($23 million) for the second-quarter of the year, a rise of 22 percent compared to a year ago.
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SINGAPORE, Feb 21 (Reuters) - Singapore's Oversea-Chinese Banking Corp Ltd beat market estimates with a 34% rise in quarterly profit on Friday, helped by an improvement in its net interest margin.
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Singapore's Oversea-Chinese Banking Corporation's chief on Tuesday said oil prices need to cross $250 per barrel to ease loan repayment pressures for oil and gas service firms that hit quarterly earnings.
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Singapore's Oversea-Chinese Banking Corp reported an 11% rise in quarterly profit on Friday that beat market estimates, driven by broad-based growth, while net interest income grew 8% to record levels.
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Singapore's top two lenders - DBS Group Holdings Ltd and Oversea-Chinese Banking Corp - said London mortgage loans were still available, as did Malaysian lender CIMB and Hong Kong's Bank of East Asia .
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This earnings season, rival Oversea-Chinese Banking Corp reported a better-than-expected 5 percent rise in third-quarter profit while United Overseas Bank posted an 8 percent drop in quarterly income.
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SINGAPORE, Feb 22 (Reuters) - Singapore's Oversea-Chinese Banking Corp Ltd missed market estimates by reporting a 10 percent drop in quarterly profit on Friday, hit by a subdued performance in its insurance business.
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Singapore's DBS Group Holdings and Oversea-Chinese Banking Corp as well as Swiss bank Julius Baer have submitted non-binding bids for Barclays' Asian private wealth business, people familiar with the matter said.
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Last week, Oversea-Chinese Banking Corp reported forecast-beating results, powered by its wealth management business, while profit at United Overseas Bank rose to a 2-year high on strong net interest income.
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The U.S. Federal Aviation Administration on Thursday issued an emergency order prohibiting U.S. operators from flying in an oversea area of Tehran-controlled airspace over the Strait of Hormuz and Gulf of Oman.
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SINGAPORE, July 27 (Reuters) - Oversea-Chinese Banking Corp , Singapore's second-biggest lender, reported a 22 percent jump in its quarterly net profit, beating market expectations, supported by broad-based growth across its business units.
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SINGAPORE, July 28 (Reuters) - Oversea-Chinese Banking Corp , Singapore's second-biggest lender, posted a 15 percent drop in quarterly profit due to lower contributions from its insurance arm and a drop in investment income.
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Oversea-Chinese Banking Corp, Singapore's second-biggest lender, started discussions to buy Wing Hang in 2013 and signed an exclusive agreement with major shareholders of the Hong Kong lender in 2014, the SFC said.
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DBS, which is about 29 percent owned by Singaporean state investor Temasek Holdings, posted results after Oversea-Chinese Banking Corp announced a record quarterly profit and United Overseas Bank reported profit rose 17 percent.
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Oversea-Chinese Banking Corp marked its steepest drop in over 2-1/2 years, while DBS Group Holdings Ltd and United Overseas Bank Ltd fell as much as 3.6 percent and 4.2 percent, respectively.
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SINGAPORE, Feb 17 (Reuters) - Oversea-Chinese Banking Corp , Singapore's second-biggest lender, posted a 21 percent rise in quarterly net profit, beating expectations, helped by higher trading income and gains from its insurance unit.
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Oversea Crowd, a Chinese private equity firm, has used crowdfunding to raise investments starting at $10,000 from Chinese clients to help fund several luxury student apartments near public universities in Georgia and North Carolina.
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Oversea-Chinese Banking Corp warned of slower economic growth after Singapore's second-biggest listed lender missed market estimates with a 10 percent drop in quarterly profit, due to a weak performance in its insurance business.
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SINGAPORE, May 9 (Reuters) - Singapore's Oversea-Chinese Banking Corp Ltd reported a nearly 14 percent rise in quarterly profit, largely led by sustained growth in its wealth management business and robust results from insurance operations.
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Oversea-Chinese Banking Corp Ltd, Singapore's second-biggest listed bank, said quarterly profit fell 6%, hurt by a one-off charge for its Indonesian unit that overshadowed growth for its wealth management and lending businesses.
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SINGAPORE, May 10 (Reuters) - Singapore's Oversea-Chinese Banking Corp Ltd beat market estimates with an 11 percent rise in quarterly profit on Friday, driven by broad-based growth, while net interest income grew 8 percent.
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The entry of new players could lead to the biggest shake-up in two decades in a market dominated by local banks DBS Group Holdings Ltd, Oversea-Chinese Banking Corp and United Overseas Bank Ltd.
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A potential entry by Grab — backed by Japan's SoftBank Group — and others would mark the biggest shake-up in years for a market dominated by DBS Group Holdings, Oversea-Chinese Banking Corp and United Overseas Bank.
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"Despite the apparent improvement in global risk appetite levels overnight, we are obviously not out of the woods yet with respect to global trade war tensions," said Emmanuel Ng, FX strategist at Oversea-Chinese Banking Corporation.
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A unit of Oversea-Chinese Banking Corp, Singapore's second-biggest lender, said it has agreed to buy part of the Asian wealth unit of Barclays for $320 million, its second major private banking acquisition since 2009.
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SINGAPORE, Nov 5 (Reuters) - Oversea-Chinese Banking Corp Ltd, Singapore's second-biggest listed bank, reported a 6% drop in quarterly profit on Tuesday, missing estimates, after booking a one-off charge at its Indonesian banking unit.
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The following are some of the main factors expected to affect Swiss stocks: Bank of Singapore, a unit of Oversea-Chinese Banking Corp Ltd, hired two senior bankers from Credit Suisse to boost its Philippines team.
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SINGAPORE, Feb 12 (Reuters) - Singapore's DBS Group Holdings and Oversea-Chinese Banking Corp as well as Swiss bank Julius Baer have submitted non-binding bids for Barclays' Asian private wealth business, people familiar with the matter said.
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For example, the National Health Insurance Administration has incorporated and updated the citizen's oversea travel record into the NHI Medi-Cloud system every day, which can be accessed by every doctor when he/she is seeing patients.
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All three Singapore banks are due to report their fourth quarter earnings this week, starting with Oversea-Chinese Banking Corporation (OCBC) on Tuesday, followed by DBS Group Holdings on Thursday and United Overseas Bank (UOB) a day later.
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The three banks, DBS Group Holdings, Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB), reported their fourth quarter earnings this week and were all hit by the continued troubles among oil and gas support services firms.
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Southeast Asia's second largest lender by assets Oversea-Chinese Banking Corporation (OCBC) announced Thursday it is buying National Australia Bank's (NAB) private wealth business in Singapore and Hong Kong — the latest sign of consolidation in Asia's wealth industry.
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A potential entry by Grab - backed by Japan's SoftBank Group Corp - and others would mark the biggest shake-up in years for a market dominated by DBS Group Holdings Ltd, Oversea-Chinese Banking Corp and United Overseas Bank Ltd.
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SINGAPORE, Oct 26 (Reuters) - Singapore's Oversea-Chinese Banking Corp reported a 12 percent increase in quarterly net profit, boosted by growth in its insurance and wealth management businesses, but highlighted continued stress in the oil and gas support services.
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Several smaller Western players have retreated, or are in the process of pulling back, from Asian markets due to the poor economies of scale, creating opportunities for DBS and smaller rival Oversea-Chinese Banking Corp to scoop up assets.
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A potential entry by Grab - backed by Japan's SoftBank Group Corp - and others would mark the biggest shake-up in years for a market dominated by DBS Group Holdings Ltd , Oversea-Chinese Banking Corp and United Overseas Bank Ltd.
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This comes as Japan's Nomura is awaiting a license to launch a wealth business in China, while JPMorgan and Bank of Singapore, a unit of Asian lender Oversea-Chinese Banking Corp are among others considering entries, the people said.
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Officials from the Monetary Authority of Singapore (MAS) made the request last month to wealth managers, including DBS and a unit of Oversea-Chinese Banking Corp, the people said, declining to be identified given the sensitivity of the matter.
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SINGAPORE, April 29 (Reuters) - Oversea-Chinese Banking Corp , Singapore's second-biggest lender, posted a worse-than-expected 14 percent drop in quarterly profit due to an increase in bad debt charges and a lower contribution from its insurance unit.
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This comes as Japan's Nomura is awaiting a licence to launch a wealth business in China, while JPMorgan and Bank of Singapore, a unit of Asian lender Oversea-Chinese Banking Corp are among others considering entries, the people said.
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In the longer term the bank may try to expand its wealth business in Asia through its Singapore hub, the source said, even though Barclays sold its private bank there in April last year to Oversea-Chinese Banking Corp.
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Mortgages make up 15 to 20 percent of total loans at the country's three major banks — DBS Group Holdings, Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) — according to estimates from Phillip Securities Research analyst Jeremy Teong.
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Smaller rival Oversea-Chinese Banking Corp, last week had warned of sluggish loan growth this year and risks from the offshore marine sector due to weak commodity prices, as it posted its smallest profit in more than a year.
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Media reports indicate that Singapore-listed Great Eastern Holdings, an insurance company controlled by WHB's owner, Oversea-Chinese Banking Corp (AA-/Stable/aa-), and China-based YueXiu Financial Holdings, which owns CHB, were among the potential bidders for Hong Kong Life.
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"We had a negative Wall Street, a soft commodity complex, but this may be counterbalanced by a nice set of China GDP numbers and December Aussie labour market numbers yesterday," said Emmanuel Ng, FX strategist at Oversea-Chinese Banking Corporation Ltd.
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SINGAPORE, April 7 (Reuters) - A unit of Oversea-Chinese Banking Corp, Singapore's second-biggest lender, said it has agreed to buy part of the Asian wealth unit of Barclays for $320 million, its second major private banking acquisition since 2009.
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Oversea-Chinese Banking Corp's third-quarter net profit jumped 12 percent from a year ago to S$1.06 billion ($776.8 million), and United Overseas Bank reported a 12 percent increase to S$883 million ($647.1 million) over the same period.
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RATING SENSITIVITIES The covered bonds of Oversea-Chinese Banking Corp would be vulnerable to downgrade if the relied-upon asset percentage (AP) rises above the 'AAA' breakeven AP of 86% or if the bank's Long-Term Issuer Default Rating (IDR) falls below 'BBB+'.
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Singapore's Oversea-Chinese Banking Corp (OCBC), kicking off results season for the city state's banks, said in a statement its second-quarter net profit jumped 22 percent year-on-year to 1.08 billion Singapore dollars ($796 million) — the highest in almost three years.
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Hong Kong Regulator Censures Goldman Sachs | Hong Kong's securities regulator publicly censured an Asian unit of Goldman Sachs for misconduct while serving as a financial adviser to the Hong Kong lender Wing Hang Bank during its $5 billion buyout by Singapore's Oversea-Chinese Banking Corporation.
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HONG KONG, June 19 (Reuters) - Oversea-Chinese Banking Corp Ltd (OCBC) plans to set up a wealth management business in China as part of a strategy to double its profit in five years in the country's so-called Greater Bay Area, its chief executive said.
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Oversea-Chinese Banking Corp, Singapore's second-biggest lender, said on Thursday it agreed to pay $320 million for the operations - its second-largest private banking deal since 2009 and a move aimed at deepening its presence in Southeast Asia, Greater China and the Middle East.
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LONDON, Nov 28 (Reuters) - Barclays completed the sale of its Singapore and Hong Kong wealth management businesses for a less-than-expected $225 million, as not all of the bank's customers chose to transfer their business across to the buyer, Oversea-Chinese Banking Corp.
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The following are some of the main factors expected to affect Swiss stocks: Singapore's DBS Group Holdings and Oversea-Chinese Banking Corp as well as Swiss bank Julius Baer have submitted non-binding bids for Barclays' Asian private wealth business, people familiar with the matter said.
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The dour outlook from Oversea-Chinese Banking Corp and United Overseas Bank, Singapore's second- and third-largest lenders by assets, respectively, came as Swiber Holdings said on Thursday it had filed for liquidation, making it the biggest local name to fall victim to the slump in oil prices.
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Under the terms of the sale, the Bank of Singapore, a private banking subsidiary of the Oversea-Chinese Banking Corporation, would pay a purchase price equivalent to 1.75 percent of the assets under management of the Barclays wealth and investment management business in Singapore and in Hong Kong, or about $320 million.
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The consortium agreed in July to buy a one-third stake in United Engineers owned by Oversea-Chinese Banking Corp and its group companies at S$2.6 per share, triggering a mandatory offer for the remaining shares - a deal that was set to be one of the biggest property takeovers in Singapore in recent years.
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The credit profiles of the three banks - DBS Group Holdings (AA-/F1+/Stable), United Overseas Bank Limited (UOB, AA-/F1+/Stable) and Oversea-Chinese Banking Corp (AA-/F1+/Stable) - stayed resilient in 2016 in the face of a challenging operating environment and continued weakness in the offshore services sector, which pressured the banks' asset quality and profitability.
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The eight banks with the highest VR out of 20310 VR-rated APAC banks are The Hongkong and Shanghai Banking Corporation Limited (HKSB), National Australia Bank Limited (NAB), Commonwealth Bank of Australia (CBA), Australia and New Zealand Banking Group Limited (ANZ), Westpac Banking Corporation (Westpac), DBS Group Holdings, Oversea-Chinese Banking Corp and United Overseas Bank Limited.
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The Middle East leg of President TrumpDonald John TrumpO'Rourke: Trump driving global, U.S. economy into recession Manchin: Trump has 'golden opportunity' on gun reforms Objections to Trump's new immigration rule wildly exaggerated MORE's oversea trip also signaled a commitment to formalizing a "new coalition" between Sunni Arab states and Israel to counter Iran, highlighted through the symbology of Trump conducting the first known, direct flight between Saudi Arabia and Israel.
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