News

JP Morgan, UBS named top M&A financial advisers in APAC

They ranked number one in terms of value and volume of M&As in 9M 2024.

JP Morgan, UBS named top M&A financial advisers in APAC

They ranked number one in terms of value and volume of M&As in 9M 2024.

Bangkok Bank logs net profit of $1.05b for 9M 2024

Net income interest and non-interest income both rose during the period.

OCBC launches MyOwn bank account for children and teenagers

It will enable them to monitor their account and make PayNow transactions.

Bank of Singapore nabs BOCHK banker as market head for GC Hong Kong

Chi brings over 20 years of experience into her new role.

ABS, Singapore anti-ML group unveil new practice paper to enhance audits

Banks in Singapore are expected to review their audit practices against the paper.

BofA launches guaranteed FX rates with up to a 1-year tenor

The 1-year tenor is available in 37 currency pairs.

Swift to launch AI fraud detection service in 2025

Global fraud in financial services is estimated to have cost $485b in 2023.

BNY Mellon partners with Mizuho to boost trade

It seeks to reduce the complexities and costs associated with cross-border transactions.

DBS unveils token services with smart contracts for transaction clients

It makes use of DBS’ Ethereum Virtual machine-compatible permissioned blockchain.

Banks need liability innovation to lower green loan costs

ASEAN needs over $1 trillion to decarbonise by 2030.

Banks face value creation challenge despite record revenues

Declining interest rates and mixed record on productivity growth keep markets skeptical.

UOB banks on 4 ASEAN income to hit 2026 ROE target

The bank aims to grow its wholesale banking and retail banking businesses.

South Korean banks’ bad loans rise in August

The delinquency rate of SMEs and households rose during the month.

Taiwan’s Financial Supervisory Commission names new chief sec for FEB

Wen-long Kuo was formerly the division director at the FEB.

Australian mortgage arrears rise to highest in 10 years

Borrowers may have been affected by inflation and interest rate hikes.

Low deposit growth spell loan funding challenges for Indian banks

The banks may opt to borrow more, according to Fitch.