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.
                    
                                        
                    
                JCB cards now accepted by GHL merchants in Malaysia, Thailand, Philippines
                                                                                                 
                        
                        An estimated 480,000 payment touchpoints are involved.
                    
                                        
                    
                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.
                    
                                        
                    
                 
            	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                             
                     
                             
                     
                             
                             
                     
                             
           
                                 
                                 
                                 
               
                                     
                                     
                                     
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
                 
                 
                 
                 
                 
                 
                