DBS has said it would investigate products affected by the collapse of Lehman Brothers, and compensate clients if they can produce evidence that there was mis-selling. ... more
DBS Bank, NTUC Income, American International Assurance (AIA), SingTel, Shell and BreadTalk have emerged as the most reputable companies in Singapore, according to a survey on corporate reputation released yesterday. ... more
THE United States would eventually recover from the current financial crisis and 'we will all survive', said Dr Tony Tan, deputy chairman of the Government of Singapore Investment Corporation (GIC). ... more
HONG KONG - Merrill Lynch has raised a $2.65 billion fund to invest in Asian real estate at a time when several funds are hoping to snap up bargain assets as the region's property markets fall. ... more
THE cost of dollar deposits eased sharply in Asia on Tuesday alongside other signs that the fear of bank-to-bank lending was abating after governments around the world rushed out plans to bolster their banks. ... more
SINGAPORE: The 300,000 Malaysians employed in the island republic have been advised to gear up for retrenchment if the country continues to slide into a recession. ... more
MALAYSIA: THE Federal Government will come out with "emergency measures" to assist small and medium-scale enterprises (SMEs) to pull through the global financial and economic crisis. ... more
PRINCETON - THE world is likely headed for a deep recession despite the European-led plan to bail out banks hit by the credit meltdown, the US economist who won the 2008 Nobel prize for economics said on Monday. ... more
BERLIN, GERMANY - GOVERNMENTS across Europe on Monday unlocked more than one trillion euros (S$2 trillion) in rescue funds for the stumbling banking sector, as world stocks soared on news of the bail-out. ... more
LONDON - What does the government's ?37 billion (S$94 billion) taxpayer-funded bailout of Royal Bank of Scotland, Lloyds TSB and HBOS mean for savers and borrowers? ... more
WASHINGTON - THE US Treasury named Chicago firm EnnisKnupp on Monday as its investment adviser on a US$700 billion (S$1 trillion) bailout plan which will see the government buy toxic assets from the banks in an effort to get them lending again. ... more
CITIGROUP will try and change the way it pays its top executives in its securities and investment banking unit, Mr John Havens, the division's head told the Financial Times in an interview. ... more
