Reflect and Discuss the Impact Of the Covid-19 Pandemic on the Deposit Products: Banking and Finance Report, NYP, Singapore

Assignment Brief:

In this assignment, each group is to select ONE local full bank (DBS, OCBC or UOB) and ONE foreign bank (Citibank, Standard Chartered, HSBC or Maybank) and perform strategic analysis on the following:

Bank Chosen: UOB,HSBC

1. Deposits

1. Reflect and discuss the impact of the Covid-19 pandemic on the deposit products offered by the banks and changes to their product strategy in your own words, based on your own research and analysis.

2. Loans

1. Reflect and discuss the impact of the Covid-19 pandemic on the loan products offered by the banks and changes to their product strategy in your own words, based on your own research and analysis.

3. Cards & Payments

1. Apple Pay
2. Square (Electronic Payments Solution Provider)
3. PayPal
4. WeChat Pay
5. PayNow
6. SGQR Code

From the list above, choose ONE (1) payment method per individual group member, and discuss per individual group member, which are gaining rapid acceptance, and how your selected banks may collaborate and/or compete with them.

4. Bancassurance

1. Reflect and discuss the impact of the Covid-19 pandemic on the bancassurance products offered by the banks and changes to their product strategy in your own words, based on your own research and analysis.

5. Investments

• Equities
• Bonds

For the products listed above.  Extract ONE (1) relevant newspaper article per group (Jan’ 16 to current) related to any of the products selected(Choose One) and discuss the impact of such news to the bank or customers who own such products.

Hint: Banks may issue Equities or Bonds to raise capital for Basel regulatory requirements.  Banks may also actively deal in financial instruments for proprietary trading and risk management purposes.  Consumers purchase such products for investment and risk management purposes.

Reflect and discuss the impact of the Covid-19 pandemic on the equity trading products and services offered by the banks and changes to their product strategy in your own words, based on your own research and analysis.