Singapore

SIngapore has scaled back the number of employees allowed in the office to 50% of the workforce.

Approximately 6,000 of these new jobs are permanent positions.

The acquisition includes clients and BMO’s relationship management team.

For years, banks treated online banking as an afterthought. A website and a mobile app were necessities, but creating a digital channel that fully serviced customers wasn’t a priority. When COVID-19 struck, customers of all demographics completely switched to online banking -- and most won’t go back. Digital banking is no longer an additional channel. From now on, digital is the default.

And investors doubt Canadian banks' commitment to emissions targets.

DBS' net profit doubled in the first quarter of 2021.

The 0.2% drop in March was the smallest decline recorded since the indicator turned negative in June last year.

James Clark will begin serving his new role on 24 July.

Participating banks’ clients will be able to transfer up to S$1,000 or THB25,000 daily.

Business reopenings and ongoing COVID vaccination program will support spending.

The three banks are building up on projects from their participation in Project Ubin.

The potential bids show growing appetite for businesses like credit cards

Agent Banking is getting more popular in the rural areas of Bangladesh. More number of agents and outlets are seen these days as their numbers have grown by 15.69% and 12.59% respectively in September 2020 compared to September 2019 even amid COVID-19, according to data from the country’s central bank, Bank Bangladesh (BB)

Consumer bank presence in Singapore, Hong Kong, UAE, and London unaffected.

And British digital bank Starling raises $69m from Goldman Sachs funding arm.

The bank expects AUM to expand by $150b under its Win-in-Wealth campaign.