News
South Korea names 10 domestic systemically important banks for 2025
They are required to log a 1% additional capital surcharge in 2025.
South Korea names 10 domestic systemically important banks for 2025
They are required to log a 1% additional capital surcharge in 2025.
Maybank SG prevents S$1.21m loss across 19 cases
The bank worked with the SPF to intervene in 19 scam cases.
Value of loans to SG SMEs fell by 42% in 2023
There were less SMEs earning $300,000 a month who took out loans.
CIMB teams up with DHL to mitigate 20% of air shipments’ carbon emissions
CIMB will roll out the programme in its Malaysia and Singapore operations.
China’s investment banking fees drop 33% as ECM falls to 15-year low
The value of IPOs by Chinese issuers also fell to a decade low.
Alipay+ payments now available in European taxi app FREENOW
Tourists from China, Hong Kong, and Malaysia can use their local e-wallet to pay.
DDEx’s digital token trade value triples in 5M 2024
Active trading clients have also grown by 36% during the period.
Norinchukin’s planned foreign bond divestment will hurt profits
The bank has about $13.63b (JPY2.25) in unrealized losses.
Malaysian Islamic banks’ funding clean-up could take up to 5 years
Islamic banks need to strengthen their deposit base.
HSBC, Visa team up to develop multi-currency app Zing
Users can hold funds in 10 different currencies and transact in 200 countries.
China CITIC Bank warns against fraudulent website and emails
It has reported the matter to authorities in Hong Kong.
Citi ceasing operations in Haiti
The bank said that it will voluntarily surrender its banking license.
Singapore banks are phasing out OTPs for logins
Banks will instead use digital tokens to authenticate bank account login attempts.
Japan’s Norinchukin Bank has hit 60% of its sustainable finance target
The bank also participated in 7 sustainability committee meetings in FY2023.
APAC investment banking fees drop to eight-year-low in H1
ECM underwriting fees fell to its lowest level since 2013.
OCBC unveils financial programme for SG’s 36,000 property agents
It offers preferential home rates and bonus interest, amongst others.
Maybank Singapore rolls out money lock feature
Customers will need to visit branches or use select ATMs to unlock funds.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
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