News
CIMB reaps benefits from de-risking, cost optimisation initiatives
CIMB reaps benefits from de-risking, cost optimisation initiatives
Net interest margin compression will be offset by improved profits and stable capital.
OCBC to remain strong and stable through 2024: Moody’s
Asset quality and nonperforming loans will likely remain between 1% to 1.5% in 2023-2024.
Hang Seng Bank to launch RMB counter on 19 June
The bank’s shares will be designated as dual counter securities by the stock exchange.
MAS to set expectations on credible transition planning
The guidance will cover FIs governance frameworks in managing climate-related financial risks.
Citi Commercial Bank names head of corporate finance for ASEAN
Citi has also named a new country head for Citi Commercial Bank Malaysia.
Citi unveils automated settlement solution in Hong Kong
This connects to Hong Kong's central clearing and settlement system.
Standard Chartered to cut jobs in Singapore, Hong Kong: report
The bank reportedly aims to save about $1.35b by 2024.
HSBC, FreightAmigo launch Ship Now, Pay Later in Hong Kong
Users will be able to utilise the digital logistics platform and choose extended payment terms.
Circle Singapore secures MPI license from MAS
The company can now provide digital payment token services, cross-border money transfers, amongst others services.
Green Link Digital Bank commemorates one year, plans of SGX listing 2027
The bank celebrated by donating S$150,000 to charity.
PAOB launches Business Revolving Loan in expanded eftPay collaboration
It offers a maximum credit limit of up to HK$300,000.
Philippine digital bank Tonik hits 1 million customers
It furthers the bank toward its goal of financial inclusion in the country.
US SEC charges Binance for violations to securities law
The company and founder both misrepresented their restrictions on US customers.
Less Filipinos fall short of meeting credit card payments
The delinquency rate has been falling since the COVID-19 pandemic started.
South Korea’s new capital buffers to strengthen banking system’s resilience
No capital raising or sheet adjustment is expected from the country’s biggest banks.
Commonwealth Bank of Australia waives transaction fee for overseas money transfers
The waived fees exclude Japanese yen transactions in its CommBiz platform.
Shareholder support key for Hong Kong virtual banks to weather failure risks
Six out of the eight virtual banks in the city reported narrower losses in 2022.
Thought Leadership Centre
Most Read
1. Payment failures cost Singapore merchants $12b annually 2. Singapore's big 3 banks pivot to wealth as margins shrink 3. HSBC and HSBC Life sign Humansa MOU for HNW health planning 4. Citi targets APAC insurance investments with new senior hires 5. OCBC and Australian High Commission sign 5-year pact to boost SEA–Australia tradeResource Center
Read Here
Advertise
Sign Up
Event News
It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance