Singapore’s bank lending jumped 2.3 per cent to settle at S$415.8 billion in November from the previous month.

Business loans jumped 2.9 per cent to S$240.1 billion, while consumer loans climbed 1.4 per cent to settle at S$175.7 billion.

Malaysian banking giant Maybank Group has announced its intention to increase the number of employees at its newly acquired investment banking unit Maybank Kim Eng, which presently has a workforce of around 3,000 people.

Maybank Group wants to grow the workforce at the newly merged investment banking division by 10 per cent per annum over the coming five years.

It has been revealed, after a lot of speculation, that the reason for the failure of OCBC systems was a faulty networking device. It was on the 13th of September that the system outage had left the many customers of the bank crippled and halted.

It was revealed by David Conner, the Chief executive of the banking firm, that after reviewing various causes of failure, it was found that a faulty network device was the reason behind the mayhem that had taken place.

It has been revealed according to recent reports that the World Bank is soon going to open an office for operations in Singapore.

This is going to be its first ever non-USA office that shall be run and managed in Singapore. There was an agreement deal between signed Singapore and the World Bank and there shall now be the set up the first ever branch of the bank outside Washington.

According to Japan’s bank officials, recently announced that US and European debt had increased the country’s worries as a result of which, they failed to recover from the shock of the deadly disasters- earthquake and tsunami.

The DBS Bank has launched Entrepreneur's Account for new businesses, which are less than six months old.

Oversea-Chinese Banking Corporation (OCBC) is a bank which thoroughly guides the investors in taking decision on investments matters. In the highly competitive market, it is Mr. Vasu Menon as the Head (content and research) in the Wealth Management division of OCBC Bank is present to guide the investor to make an informed choice.