News
Top banks’ assets expanded 5.1% in 2023
HSBC is a top performer, whilst China Merchant’s Bank saw fees decline.
Top banks’ assets expanded 5.1% in 2023
HSBC is a top performer, whilst China Merchant’s Bank saw fees decline.
Fintech Aspire clinches money service operator license in Hong Kong
It aims to facilitate cash management and money transfers of local SMEs.
India rolls out online platforms and repositories for enhanced regulation
PRAVAAH makes it easier to apply for a license and obtain regulatory approval.
Hong Kong’s rich investors seek more risk for more returns
About 1 in 3 investors said that their current investment returns have room to grow
Citi names ex-BNP Paribas banker as new head of markets for Thailand
Nattaphan Assavavisessivakul was head of global markets and ALM Treasury at BNP Paribas.
SMBC’s US digital lender Jenius Bank hits $1b in savings deposits
It will roll out a mobile app in the coming months.
Singapore HNWs says current investment returns have “room to grow”
Almost 1 in 2 are frustrated from their portfolios’ “generally underwhelming” performance.
Kenanga Investment Bank’s net profit doubles to RM26.7m in Q1
But the stockbroking and investment banking divisions reported losses before tax.
Bank of Queensland’s tech bet leaves operating performance to chance
The bank may achieve savings— or leave its operating performance structurally weaker.
Philippine central bank eyes developing local capital markets
It will help make the financial system more resilient, the BSP Governor said.
New Zealand sets new debt-to-income restrictions in lending
It reduces the amount of high-DTI loans that local banks can lend out.
Shacom Bank face profit strains amidst elevated asset risk
Moody’s Ratings has changed the bank’s outlook to negative.
Maybank SG, Fidelity International launch multi-asset fund
The fund is offered in three asset classes and will be made available in Q3 2024.
China’s measures to fix property slump raises risks for banks
Lower down payments may embolden buyers to walk away, analysts warned.
BEA offers up to HK$100,000 benefits to new CIES clients
BEA Private Banking will waive selected fees for clients who invest at least HK$30m.
Korea’s USD deposits decline in April amidst weakening won
Companies reportedly withdrew part of their US dollar deposits.
Japanese banks’ total assets total $9.12b in March
Deposits in domestic branches were at $6.32t as of end March 2024.
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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.
Industry experts push for the rapid progress of unified customer data as a starting point.
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