Bank of Singapore uncovers misuse of medical benefits; fires some employees

SINGAPORE: The Bank of Singapore (BOS) has conducted a wide-ranging investigation into the misuse of medical benefits by staff who made claims for ineligible items such as bird’s nest, sources have told CNA. “Hundreds” of employees were involved in the investigation which ultimately led to some people being sacked, according to three OCBC Group employees … Read more

Commentary: Low interest rates of ‘money lock’ are a disservice to bank customers

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