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New Zealand banks to persevere amidst inquiry by Commerce Commission: S&P Global
New Zealand banks to persevere amidst inquiry by Commerce Commission: S&P Global
The banks, Australia-owned, hold a total market share of 85%.
Foreign currency deposits push Hong Kong deposits to a 1.2% rise in July
Hong Kong dollar deposits dipped, whilst foreign deposits rose.
Chinese banks cut deposit rates: report
The banks cut deposit rates between 5 and 25 basis points.
MAS-licenced MoneyOwl to wind down financial advisory business
The company found that its advisory business is not financially viable.
Hong Kong has issued US$22b in green bonds: report
Proceeds for the bonds have been allocated or earmarked for green projects.
Hong Kong’s mortgage loans drop 18.2% in July: HKMA
Applications also fell to 8,086.
Mizuho Financial Group issues $817m green bond
Funds raised will be used to finance green projects, the group announced.
CITIC Limited reports $4.4b profit in H1
An EPS of RMB1.10 has been announced.
Hong Kong’s business scholars target top finance employers for work-life balance
Educators at business schools confirm that students’ career priorities have shifted.
Virtual bank Trust turns one; 2.1 million transactions logged
The bank is giving away 100,000 bags of rice and doubling its referral rewards.
Alipay+, Malaysia’s PayNet ink deal for smooth digital payments
This further expands the regional cross-border digital payment plan of Alipay+.
Public Bank posts 18% YoY net profit growth for 1H 2023
Its overseas operations accounted for 7.8% of the overall earnings.
UOB Thailand unveils indoor event hub UOB LIVE
It has a capacity of 6,000 seats and will also offer dining and shopping experiences.
Weekly Global News Wrap: US floats stricter regional bank rules; Some China banks to cut mortgage rates
And Wells Fargo has agreed to return $40m in overcharged fees to 11,000 customers.
Indonesia, Malaysia, Thailand ink MOU for cross border bilateral transactions
The new framework is expected to synergise with cross-border payment initiatives.
Vietnam’s central bank signs into regional cross-boundary payment system
The memorandum includes other central banks such as Indonesia, Malaysia, Philippines, Singapore, and Thailand.
Japanese banks report lower average lending rates in July
City banks’ interest rates for short-term and long-term loans decreased.
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1. Singapore banks seen posting wealth surge but narrower margins in Q2 2. Visa refreshes Visa Infinite offering with new tiers 3. Singapore banks test way to free up lending capacity 4. UOB Private Bank names Judy Chan as Hong Kong managing director 5. HSBC and EPAA launch agentic payments working groupResource Center
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