News
Asian Banking & Finance Awards holds first ever digital awards presentation
Asian Banking & Finance Awards holds first ever digital awards presentation
More than 120 banks were awarded in this year’s programme.
DBS' H1 net profit nosedives 26% to S$2.41b
The bank has cast aside S$1.26b to bolster its balance sheet.
South Korea's FX reserves hit $417b at end-July
It reached a record-high in the value of non-dollar assets and investment return.
South Korea investigates freeze on Singapore-linked notes: reports
Regulators are reviewing at least $234m of securities.
Chart of the Week: Open banking behaviour strengthen in APAC
Around 30% said that they are open to sharing their data in relation to online purchases.
Japan's biggest banks on track to meet profit goals: report
MUFG, SMFG, and Mizuho Financial Group’s net profits totaled $3.7b in Q1.
Digital bank WeLab Bank launches in Hong Kong
Clients can open an account in five minutes.
Weekly Global News Wrap: US Fed, shadow banks on collision course; Banks toughen lending even as demand falls
And France suspends Morgan Stanley from some treasury bond deals.
Sumitomo Mitsui's profit plunged 60.1% to $812.74m in April-June
The group’s earnings per share is at around 59 cents or ¥62.83.
MUFG records 50% plunge in Q1 net profit to $1.73b
The fall was blamed on rising credit-related costs.
HSBC to hire up to 3,000 wealth planners in China
The first 100 people have already started in Guangzhou and Shanghai.
South Korean banks' consumer loans rise 2.3% in July
People scrambled to buy apartments before prices rose too high.
HSBC's H1 profit plunges 69% to $3.1b
Rising expected credit losses and lower revenue contributed to the fall.
Chinese banks should shift from SWIFT as sanctions loom: report
Higher usage of the country's own payments network would cut its exposure to the US.
Credit Suisse's APAC business reports highest level of credit provisions
The lender is bracing for losses linked to Luckin Coffee.
BNP Paribas floats Australia's first climate-linked green bond
The bond adds to the $350b in green bonds to be issued this year.
Indian banks rush to lend against $1.5t hoard of gold
Firms are expanding their gold-backed loans to accommodate families sitting on $1.5t hoard of the precious metal.
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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. JCB cards accepted on Hong Kong's Wonder Taxi 4. ASIC holds $1.93b in unclaimed funds from old financial accounts 5. Mizuho clarifies ‘no decision yet’ on Rakuten Bank investmentResource 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