News
Bank of Singapore names new Dubai head
Bank of Singapore names new Dubai head
Lim Leong Guan is expected to help accelerate the bank’s UHNW growth push.
86% of APAC bank leaders flag AI agents as top fraud risk
Nearly half lose over $10m to fraud every year.
HSBC Access gives direct startup and VC access to the ultra wealthy
It will roll out in Hong Kong to start.
HSBC and Mastercard pilot AI agents for automated e-commerce payments
It automates procurement and payments between corporate buyers and suppliers.
SBM India revamps savings rates to target emerging affluent segment
The segment expanded nearly double the pace of the broader consumer landscape, the bank said.
Credilab gets Malaysia nod for online lending
It targets to approve and disburse loans in as fast as five minutes.
Credit Bureau and Experian Malaysia sign credit reporting MoU
The partnership will support consented cross-border credit report applications between Singapore and Malaysia.
Weekly Global News Wrap: Intesa bids $35b for MPS; Maybank books $4.9b in Johor-SG SEZ
And British banks want closer ties with the EU, a lobbying body said.
Citibank Singapore offers Citigold clients one-day Porsche test drives
They can also have a light breakfast, and a 60 to 90 minute accompanied test drive.
New Zealand to let all deposit takers call themselves banks
Non-bank deposit takers will be able to use restricted words by December 2028.
UBS slashes Asia ESG office by half
Its Asia team now has just three employees, sources said.
Bangkok Bank launches café-branch hybrid
It has an exclusive menu and will offer personal financial planning.
UOB's potential asset management sale could unlock value for wealth push
The bank is likely to reinvest any proceeds to enhance its advisory capabilities.
BofA to launch cross-border real-time payments via Swift and CashPro
It will connect with several real-time payment networks globally.
PH bank lending accelerates to 11.4% in April on business demand
Consumer loans continued to show growth but moderated from March levels.
ZA Bank launches Wealth Connect Southbound via Industrial Bank tie-up
The individual investment quota under the scheme is up to RMB3m or about US$443,000.
UOB appoints Adaline Zheng as China CEO
South Korea country manager George Tung will take over as Hong Kong branch CEO.
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Banks can respond by moving toward a hybrid advisory model.
Commentary
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