News

Hong Kong’s Mox achieves breakeven in Q1, unveils wealth platform

Mox+ offers preferential FX pricing, enhanced deposit rates, and early access to new products.

UOB's Q1 profit down 4% to $1.1b on lower fee and interest income

Trading and investment income also fell 13% compared to Q1 2025.

BNI's 20.1% loan growth masks weakening private-sector demand

Wholesale segments are lifting up BNI’s loans.

Citi names Raj Rathi as India chief of M&A business

Rathi served as head of strategy and corporate development for an India fantasy sports tech company.

CIMB Thai sells auto financing portfolio to Krungsri

CIMB Group expects CIMB Thai’s ROE to improve to double digits after the sale.

Bank phishing declines but still drives 26% of attacks

Bank services may be becoming increasingly difficult to successfully impersonate.

Krungthai Bank sees costs staying in line as it prepares JV for bad loans

The Thai bank believes that wealth management will drive its income growth through 2028.

Asia-Pacific deal values drop to $127 billion after major tariff shock

Total transaction values plummeted after April trade restrictions forced a summer long freeze in regional merger and acquisition activity.

OCBC to acquire $6.6b HSBC Indonesia wealth, retail banking business

The deal is expected to lift its Indonesian unit’s AUM by about 25%.

MAS pilots cross-bank AI models to detect scam risks

All sensitive data used in the exercise will be permanently deleted once complete.

NAB profit falls 19% to $1.98b on large notable items

Net interest income rose by 8.5% whilst total operating expenses hit a 32.47% increase.

Malaysia's $1.3b support package to prevent bad loan spike

The SME sector received similar support during the pandemic era.

Malaysia rolls out $1.26b loan facility to aid SMEs amidst Middle East disruptions

Eligible SMEs can obtain a working capital loan of up to MYR750,000 (about $189,000).