News

JPMorgan and Houlihan Lokey are top M&A financial advisers in Q1: GlobalData

JPMorgan advised $24.7b in deals whilst Houlihan Lokey advised 19 deals.

Green SM Laos onboards Umoney e-wallet to payments

The two will develop digital and financial payment solutions for Green SM drivers.

Union Bank of the Philippines’ net income doubles to $62.69m in Q1

It noted some trading losses associated with the Iran conflict, however.

Bank Mandiri Q1 profit up 16.6% as Agrinas drives loan growth

The bank is prioritising asset quality and underwriting discipline, leading to slower retail loan growth.

FWD Macau taps Banco Well Link for bancassurance partnership

The offer includes insurance services for high-net-worth individuals.

Commonwealth Bank of Australia deploys agentic AI to detect scam patterns

It also creates new rules to intercept scams, approved by the bank’s fraud analytics team.

Citi forms new investor group to replace asset managers cluster

Vikram Chavali will continue to lead FSI for JANA and Asia South.

Natixis CIB opens branch in India’s GIFT City

It offers foreign currency denominated structured products and finance, amongst others.

Ant Int’l deploys privacy enhancing technologies in Alipay+

Only encrypted data is transferred to Alipay+ for processing.

CIMB sees no Q1 asset quality hit from oil shock

Direct, first-order impact on its overall portfolio is likely to be contained, according to management.

Fragmented rules and AI push banks to overhaul controls

Governance gaps and rising cyber risks force tighter oversight as AI scales.

Over 2 in 3 APAC adults say financial scams are on the rise: LSEG

Australians are most concerned about scams whilst the Chinese are likeliest to lose money.

SCBX net profit down 18.5% to $316.85m in Q1 on lower interest income

SCBX said it conducted a comprehensive review of the loan portfolios across SCB.

HSBC appoints Desmond Kuang as Asia chief investment officer

He is currently the chief investment officer for China.