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Financial crimes to continue to squeeze bank profits
Financial crimes to continue to squeeze bank profits
More sophisticated crooks and stricter rules are expected to increase compliance costs.
SBI Funds Management names Nand Kishore as managing director and CEO
SBI Funds Management is a JV between the State Bank of India and Amundi.
DBS inks MOU to assists Japan SMEs’ Asian expansion
DBS will provide financing and professional services support.
TrustBank to launch investment solution in 2025
It has opened a waitlist.
Asia’s finance leaders put transformations on hold due to cost challenges
Cost allocation remains a key focus for finance leaders in 2024.
GHL’s Malaysia terminals can now accept cross-border payments via DuitNow QR
Over 480,000 merchant touchpoints are covered by the expansion.
Hong Kong lenders chase after small-ticket loans, maintain tight standards
They’ve embedded services in digital wallets to increase to get more customers.
Bank Tabungan Negara’s asset quality ‘stable’ amidst loan clean-up efforts
Costs are expected to rise and liquidity to fall over the next year.
Maybank's net profit up 8.5% in 9M FY2024
Non-interest income growth pushed up its profits.
China's financial sector intensifies efforts to stabilise economy
The transformation of the monetary policy framework has also accelerated.
MAS issues 14-year prohibition orders against Loh Sheng Yang
Yang was convicted of cheating, forgery, and acquiring criminal benefits.
Barclays to establish private bank booking centre in Singapore
The bank will provide quasi-institutional investment solutions.
Improved lending to MSMEs needed: central banker
MSMEs make up almost a third of India’s nominal GDP.
Bank Central Asia's net profit climbs to $2.9b in 9M 2024
Net interest income grew by 9%, reaching $4b.
Hong Kong central bank welcomes complete migration to Credit Data Smart
Banks and lenders now operate under a multiple credit reference agencies model.
Vietnam’s debit card payments to reach $65.6b in 2028
Debit card use is dominant, but still limited to cash withdrawals.
Maybank Singapore unveils second lifestyle banking space
It features a biophilic design and has a Joe & Dough cafe at the entrance.
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