News
Citi streamlines ETF orders for APAC clients as regional assets hit $1.81t
Citi streamlines ETF orders for APAC clients as regional assets hit $1.81t
Direct integration heightens efficiency as clients no longer need to reconcile on multiple and separate platforms.
HSBC Private Bank names Edward Chiu as onshore Taiwan market head
Chiu has led the Premier Elite business of HSBC Taiwan since 2024.
BNPL market to hit $1.6t by 2034 on e-commerce and smartphone surge
The interest-free BNPL segment is expected to hit a CAGR of 23% through 2034.
Hyundai Card debuts Apple Pay debit card
It enables users to pay by tapping their iPhone or Apple Watch.
SMBC and Toshiba build quantum-driven Japan and US equity indices
Stocks will be chosen and weighted using Toshiba’s quantum computer.
Westpac lends A$1b to 2,100 women entrepreneurs over 3 years
Women-led businesses are starting and scaling up across Australia, said Westpac’s Paul Fowler.
CommBank names UNSW’s Mary-Anne Williams as chief AI strategist
Wiliams will lead CommBank’s team of AI scientists.
NAB refreshes app and internet banking
Around 98% of banking interactions in NAB are digital.
Grab takes control of Indonesia’s Superbank via GXS transfer
The transfer will increase the group’s stake in the bank to over 50%.
Mizuho Bank to become major shareholder of Rakuten Bank
Rakuten Bank may acquire corporate loans originated by Mizuho Bank, amongst others.
MAS revokes BSQ payment licence over false disclosures and risk failures
BSQ provided false or misleading in material particulars, MAS said.
GXS Bank and Lion Global launch exclusive multi-asset fund
The fund has a “medium to high” risk level and is exclusively available at GXS Invest for now.
MUFG trims bond portfolio to limit losses but earnings slowdown looms
Its earnings growth is expected to slow to 5% from fiscal 2027.
Australia fines Snaffle A$33.5m as 38,000 contracts overcharged
Snaffle’s pricing charged between 88% and 103% in rates, over the 48% rate cap.
HK banks to gain on IPO surge and stabilising property market
IPO applications in Hong Kong surged 61% in April compared to March.
Citi Korea posts strongest Q1 since 2018 as net income surges 61%
Total revenues and net income rose by 23% and 61%, respectively.
SMBC, Fujitsu and SoftBank build platform to slash $31b in health costs
They will create new businesses to streamline costs of prescriptions and treatments.
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