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Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
United Overseas Bank Limited (simplified Chinese: 大华银行有限公司; traditional Chinese: 大華銀行有限公司; pinyin: Dàhuá Yínháng Yǒuxìan Gōngsī; Pe̍h-ōe-jī: Tāi-hôa Gûn-hâng Iú-hān Kong-si), often known as UOB, is a Singaporean regional bank headquartered at Raffles Place, Singapore, with branches mostly found in Southeast Asia countries.
Kwong Yik Bank was the first local bank established in Singapore and British Malaya and provided personal banking services and arrange mortgages and loans to its predominantly Chinese clientele. [5] Its staff provided banking services to customers in Chinese and accepted checks written in Chinese, improving accessibility of banking and helped ...
The bank was previously known as The Development Bank of Singapore Limited, which "DBS" was derived from, before the present abbreviated name was adopted on 21 July 2003 to reflect its role as a global bank. [2] It is one of the "Big Three" local banks in Singapore, along with Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank ...
Citibank Singapore's branch in MacDonald House, which is a national monument. In June 2004, Citibank announced that it would be incorporating a wholly owned subsidiary of Citigroup in Singapore, known as Citibank Singapore Limited, with a paid-up capital of S$1.5 billion. This move, which saw Citibank becoming the first foreign bank to do so ...
Jardine Cycle & Carriage (JC&C) is an established Singapore-listed company where, as Cycle & Carriage, it has had a presence since 1926. [45] JC&C has an interest of just over 50% in Astra, a listed Indonesian conglomerate [ 46 ] and the largest independent automotive group in Southeast Asia, as well as other motor interests in the region.
Wu attended the Capital University of Economics and Business in Beijing for her bachelor's degree in accounting. [1] Prior to joining Alibaba Group, Wu worked at KPMG in Beijing as a partner in audit practice for fifteen years. [2] [1] Wu joined Alibaba in July 2007 as executive director and chief financial officer of Alibaba.com Limited. She ...
A few years after hostilities ended, the post-war Recession of 1920–1921 set in. After the recession, the company opened its branch in Sibu in 1923. Three years later, another branch was opened in Singapore in 1926. The year 1929 saw the start of the Great Depression that lasted until 1933. The Depression caused a sharp fall in the export ...