News
Australia’s Big Four asset quality deterioration ‘manageable’: Fitch
Australia’s Big Four asset quality deterioration ‘manageable’: Fitch
The country’s improving economic performance reduces downside risks.
HSBC stokes discontent amongst senior staff with pivot to Asia: report
Senior bankers reportedly expect friction with the regional chief, sources said.
DBS to acquire 13% stake in Shenzhen Rural Commercial Bank for $810m
It will become SZRCB’s largest shareholder upon the deal’s completion.
DBS, MUFG eyeing Citi's Asian consumer business
The potential bids show growing appetite for businesses like credit cards
Philippines’ oldest bank eyes takeover of Citi’s local retail business
Newly appointed President TG Limcaoco said that BPI has sufficient capital to fund it.
Weekly Global News Wrap: US banks deploy AI monitoring despite concerns; Big Eurozone banks underreporting risky assets
And British digital bank Starling raises $69m from Goldman Sachs funding arm.
India's new digital payment licenses to increase competition, innovation
The NUE licensing has attracted the likes of Google, Amazon, and Facebook.
Citi to exit consumer banking in 10 Asian markets, doubles down on wealth
Consumer bank presence in Singapore, Hong Kong, UAE, and London unaffected.
Weekly Global News Wrap: US banks deploy AI monitoring despite concerns; Big Eurozone underreporting risky assets
And British digital bank Starling raises $69m from Goldman Sachs funding arm.
South Korean banks to extend $3.1b in loans to low-income citizens
They can expect to secure loans worth up to around $26,000 (KRW30m) per person.
India’s new digital payment licenses to increase competition, innovation
The NUE licensing has attracted the likes of Google, Amazon, and Facebook.
Citi APAC to add 1,100 relationship managers, private bankers for wealth arm
The bank expects AUM to expand by $150b under its Win-in-Wealth campaign.
DBS targets zero thermal exposure by 2039
DBS will cease onboarding new clients who derive more than 25% of their revenue from thermal coal.
Citi to exit consumer banking in 10 Asian markets, doubles down on wealth
Consumer bank presence in Singapore, Hong Kong, UAE, and London unaffected.
Malaysian banks' profits to recover faster than SEA peers: Moody's
Compared to regional peers, Malaysia’s biggest lenders have the smallest share of loans under relief programs.
Citi appoints co-heads of Citi Global Wealth in APAC
The bank saw record net new money inflows of $20b in the region last year.
Indonesia’s Bank BRI to offer digital banking, lending products in Bukalapak
This comes after the bank’s venture capital arm invested in the company.
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1. Wealth clients shift focus from returns to retirement security 2. Built to last: How Japan is approaching the cross-border payments challenge 3. ASIC holds $1.93b in unclaimed funds from old financial accounts 4. Mizuho clarifies ‘no decision yet’ on Rakuten Bank investment 5. DBS to hire over 500 young talent in 2026 amidst AI pushResource Center
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Built to last: How Japan is approaching the cross-border payments challenge
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