News
APAC’s top bankers sound alarm over impact of rising living costs
APAC’s top bankers sound alarm over impact of rising living costs
CEOs are optimistic yet cautious, but tout banks’ resilience.
Australian banks’ dividends to stay flat amidst cash earning pressures
The higher payouts in H1 were to establish shareholders’ confidence, S&P said.
Maybank’s net income up 9.8% to RM2.49b in Q1
Non-interest income jumped 79.2% and lifted operating income for the quarter.
UOB poised to benefit from growth of SEA's mass affluent segment
UOB has woven partnerships with privilege banking to appeal to the segment.
Krungthai Bank to temporarily shutter Thepprasit Road (Pattaya) branch
This is due to suspension of electrical supply.
Nomura doubles top managers’ pay for FY2024: report
CEO Kentaro Okuda is amongst those who enjoyed higher compensation.
StashAway’s Hong Kong assets expand by 20% in Q1
Majority of their assets are from HNW and emerging HNW clients.
Chart of the Week: 8 in 10 Chinese people use mobile wallets
Alipay and WeChat pay each have 1 billion users globally.
Morgan Stanley’s James Corman to step down as executive chairman
He highlighted the successful transition of the new CEO in his announcement.
Hong Kong central bank extends deputy chief exec’s appointment for 2 years
Yuen will continue in his role for two more years beyond retirement age.
Norinchukin Bank’s profits up 24% to $405.7m for FY2023
Net gains from sales of securities jumped over 800% over the period.
Japan’s Norinchukin Bank proposes changes to board
One auditor, Masaki Ogata, is retiring on 21 June.
APAC’s Top 20 banks' combined revenue up 4.3% in 2023
Japanese banks were the biggest winners whilst Chinese banks’ total revenue dipped.
Two banks in Hong Kong warn against phishing emails
Tai Sang Bank cautioned against emails claiming to be from its chairman.
Swift extends ISO 20022 across entire payment chain
It worked with 14 banks globally, to standardise payments.
Hong Kong unveils financial planning education services to youth
The programme will offer information on financial management and saving.
SG fintech UnaFinancial establishes microfinance company in Uzbekistan
The installment loans to be offered will have repayment terms of 3, 6, or 9 months.
Commentary
APAC has mastered domestic payments. The next challenge is connecting them.
Why fragmented communications are becoming a hidden governance risk for Asia Pacific banks
From automation to agency: Asia’s wealth leaders can reinvent, not just streamline
Singapore aced its FATF evaluation — now comes the hard part
Are Asia’s digital banks prepared for the stablecoin era?
Why APAC is building home-currency stablecoins
Why Southeast Asian wealth managers must design the business before buying the technology
Why trust in Asian banking increasingly gets built off the record
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
The financing challenge behind Asia’s wealth transfer