News

Commonwealth Bank of Australia completes stake sale in Bank of Hangzhou

CBA received approximately $940m, and CET1 ratio was raised by 17 basis points.

Shenzhen Rural Commercial Bank’s returns to decline slightly through 2026

Net interest margin and loan pressures will weigh on the bank’s asset quality.

Citi clinches ANZ banker as new head of markets for Indonesia

Benny Aroeman has also worked in DBS, HSBC, and Deutsche Indonesia previously.

Deutsche Bank names corporate coverage head for MEA

Majed Julfar will act as the bank’s most senior representative in the UAE.

DBS surpasses US$100b market cap

The bank’s market cap is over S$129.35b according to data from the SGX.

Digital token firms serving foreign clients must obtain a license: MAS

Without a license, they will need to cease operations by 30 June.

BoCom Hong Kong profitability lifted by interest and fee income

The growth of its wealth management business will benefit fee income, says Moody’s

AIA names HSBC chairman Mark Tucker as next chairman and director

Tucker will step down from his HSBC role on 30 September 2025.

MoneyHero expands wealth product offerings with OSL partnership

Users can now compare digital asset account products.

SMBC clinches approval to open branch in Bengaluru, India

This is the Japanese megabank’s fifth branch in the country.

Citi to slash 3,500 jobs in China

Layoffs will affect its global tech solution centres in Shanghai and Dalian.

Citi ANZ names John McLean as head of ECM and GAM

McLean will relocate from Singapore to Sydney, Australia.

RCBC partners with MoneyHero to enhance credit card services

RCBC’s card products will be integrated in Money Hero’s digital platform.