DBS Q1 profit up 3 per cent to record $1.27 billion, beating estimates, on strong loan growth
DBS Group Holdings, Southeast Asia’s largest lender, posted first-quarter profit on Monday that beat analysts’ forecasts, helped by a double-digit rise in loan growth and strong wealth management fees. Loans grew by 11 per cent in the first quarter, defying market expectations of a slowdown, due to demand from regional corporate borrowing and secured consumer […]
Time to switch to a FIXED-RATE home loan?
The very real prospect of higher housing loan repayments is prompting many home owners to move to fixed-rate mortgages. These loans have rates that are set for a certain period, usually over two to five years, so customers have certainty about the level of their repayments. Many home owners are aware that the Singapore Interbank […]
Singapore bank lending down in February
Total bank lending in Singapore fell a little in February, with business loans continuing their slide for a third straight month. The overall sum lent to both consumers and businesses for the month was $603.5 billion, according to data released by the Monetary Authority of Singapore (MAS) yesterday. This is a 0.65 per cent drop […]
Loan recipients on ‘strike’ meet with federal officials
Pamela Hunt is so overwhelmed by her $56,000 in student loans for what she considers a worthless criminal justice master’s degree that she’s joined others on a “debt strike” and refusing to pay back the money. On Tuesday, she walked out of a meeting with officials from the Consumer Financial Protection Bureau and the Education […]
Should you still get a SIBOR-based home loan?
Think of the last good dream you had. You know, like the one where you paid only $2 COE on your new car, or you were Left Shark in the Katy Perry Super Bowl halftime show? Then remember how you felt when you woke up and realised reality was still as shitty as it was […]