News
Over 2 in 3 APAC adults say financial scams are on the rise: LSEG
Over 2 in 3 APAC adults say financial scams are on the rise: LSEG
Australians are most concerned about scams whilst the Chinese are likeliest to lose money.
SCBX net profit down 18.5% to $316.85m in Q1 on lower interest income
SCBX said it conducted a comprehensive review of the loan portfolios across SCB.
HSBC appoints Desmond Kuang as Asia chief investment officer
He is currently the chief investment officer for China.
KBank’s net profit up 42.71% to $456.16m as Middle East conflict yet to bite
The increased economic uncertainty may pose risks to its future operating performance.
Standard Chartered and A*STAR set up an AI for Banking Innovation Lab
The three-year partnership is expected to accelerate AI research.
Kiatnakin Phatra Q1 net profit surge 84% on fee growth and lower losses
Credit costs did rise in Q1 as the bank braces for the geopolitical impact.
TMBThanachart Bank posts higher Q1 profit despite shrinking loan book
The bank saw a decline in auto loans, credit card loan repayments, and large corporate loans.
Finance sector cements dominance over Philippines ICT market
GlobalData says the sector will hold the top end use position through 2029.
Krungthai Card beats Q1 profit estimates but credit costs loom
However, its NPL ratio rose to 1.96% due to its non-core leasing business.
Bank Mandiri says oil shock could lift bad loan ratio to 4%: report
Growth in the commodity segment may cushion its wholesale loan portfolio.
Australia offers zero-interest loans for fuel-hit firms under A$1b program
ANZ and NAB confirmed they will offer the zero-interest loans.
Atome Philippines partners with Bayad to enable in-app bill payments
Users can pay their water, electricity, and internet bills, amongst others.
Mizuho, Nomura and partners launch blockchain trial for bond collateral
The project will test whether the transfer of rights and updates to book-entry transfer records can be executed using blockchain.
Hang Seng and HSBC launch Hong Kong’s first tokenised unlisted gold ETF class
The tokenised unlisted class will be available on HashKey Exchange
HSBC unveils biggest wealth centre in Singapore
Wood, stone, and textured fabrics with layered lighting create a private space.
NAB flags $504m in H1 impairment charges as Middle East conflict bites
It will apply a 1.5% discount to its dividend reinvestment plan to strengthen its capital position.
Hang Seng offers 10-second approval for SME guarantee loans
It can grant loans up to HK$8m.
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1. HSBC unveils invitation-only Privé World Legend Mastercard 2. OCBC to acquire $6.6b HSBC Indonesia wealth, retail banking business 3. Standard Chartered sets up AI lab to test banking use cases 4. Citi hires StanChart veteran to lead Hong Kong corporate banking 5. OCBC Q1 profit rises 5% to $1.97b on fee gainsResource Center
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CEO Phlaphongphanich said the industry is measuring the wrong things.
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