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StanChart picks ex-JPMorgan man to take the helm in June

SingaporeSTANDARD Chartered has appointed former JPMorgan executive Bill Winters to replace Peter Sands as group chief executive, the bank said on Thursday as it also announced other dramatic senior management and board changes.In what looked like the hollowing out of experienced Asian hands, Asia group chief executive and group executive director Jaspal Bindra will also be stepping down on April...


Singapore ripe for a digital revolution in banking

SINGAPOREANS are well known for being technologically savvy. Internet penetration and mobile phone ownership rates here are among the highest in the world. E-commerce sales out of Singapore make up half of South-east Asia's total. It has also become de rigueur to book taxis and movie tickets through mobile phone apps. Yet, when it comes to banking, Singapore seems stuck in the Middle Ages....


DBS Group Hldgs leads buys with S$230.4m

GLOBAL mutual funds sold more Singapore shares than they bought - but only marginally more - in the three months to Feb 4. Based on the top five stocks transacted, the net sell volume came to S$989.1 million, compared to S$974.1 million of net buys.This week we look at finance stocks excluding Reits. In that sector there were S$507.2 million of net buys based on the top five stocks, compared to...


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