“People from higher income families can afford to invest in their children, and invest in tuition and enrichment classes. While there’s still mobility for children from low-income families, parents don’t have the means to [invest in these] or have more urgent needs to meet,” she observed. This is something that resonates with Tan, whose father … Read more
To dissuade victims from seeking further verification, scammers would say that the accounts had been created “for them” or that the accounts were meant to “hold the funds prior to the creation of their account”. Individuals would realise that they had been scammed after logging into their banking applications and finding no changes to the … Read more
SINGAPORE: Singapore’s biggest bank DBS Group is confident of achieving a return on equity (ROE) of 15 per cent to 17 per cent in the medium term or over the next three to five years, its chief executive said on Thursday. “Rates have come down from the 5.5 per cent, we think the new normal … Read more
SINGAPORE: DBS is extending its digiVault protection to all accounts, allowing customers to “lock up” funds in their existing accounts. The feature, launched last November, enables customers to lock their funds digitally in a designated account, from which funds cannot be digitally transferred out. Existing DBS and POSB customers who wish to utilise the digiVault feature … Read more
NEW YORK: Emily Hollenbeck lived with a deep, recurring depression she likened to a black hole, where gravity felt so strong and her limbs so heavy she could barely move. She knew the illness could kill her. Both of her parents had taken their lives. She was willing to try something extreme: Having electrodes implanted … Read more
THE CHOICE BETWEEN ANTI-SCAM SECURITY AND HIGHER INTEREST DBS Multiplier, OCBC 360 and UOB One are what most of us in the personal finance space refer to as “high yield savings accounts”. And as a customer of all three banks, I keep the majority of my funds in each of these three accounts for the … Read more
DBS expects half of this technology action plan to be completed by the end of January. By the end of March, 90 per cent will be done. “At this point, I’m quite confident that these actions will give us demonstrable outcomes and which customers will be able to see the benefits,” said the CEO of … Read more
SINGAPORE: At least 219 DBS customers have fallen prey to scams in the first two weeks of the year, losing about S$446,000 (US$335,000) in total. There has been a surge in cases of SMS phishing scams since December last year, where scammers would impersonate banks or bank staff, said the police and DBS in a joint … Read more
