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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.
The MAS Electronic Payment System, or MEPS in short, is an SGD-only online interbank payment and fund transfer system in Singapore. [1] It went online in July 1998, and is owned and operated by the Monetary Authority of Singapore (MAS). The irrevocable transfer of funds and the real-time nature of transfers are some of the key features of MEPS.
Scotiabank later acquired Inverlat banking house in 2003, taking over all of its branches and establishing a strong presence in the country. [ 15 ] In 2002, Scotiabank shut its branches (formerly Banco Quilmes) in Argentina during the currency crisis and massive sovereign default .
Le Freeport, formerly known as Singapore Freeport, is a high-security storage and display facility in Singapore. [1] A majority stake is held by Natural Le Coultre S.A. of art dealer and shipper Yves Bouvier. [2] Opened near Singapore Changi Airport in May 2010, the facility is modelled after similar institutions in Geneva and Luxembourg.
The predecessor of Tangerine, ING Bank of Canada (using the trade name ING Direct), was founded in April 1997 and operated as a telephone banking service offering savings accounts. [7] It was the first test market for ING Group's direct banking business model, where the aim was to offer more favourable rates to customers by avoiding the costs ...
By Zachary M. Seward Deutsche Bank, one of the world's largest dealers of gold, has begun storing bullion in Singapore, reflecting the nation-state's growing importance as a financial haven.
Location of Singapore Singapore is a sovereign island country in maritime Southeast Asia. A global city, it has a highly developed market economy, based historically on extended entrepôt trade and more recently as a financial hub as well. Its economy is known as the most freest, most innovative, most competitive, most dynamic and most business-friendly in the world by various multinational ...
Pages in category "Internet service providers of Singapore" The following 8 pages are in this category, out of 8 total. This list may not reflect recent changes .