05/25/2023
BofA Plans to Shift 40 Bankers in Asia
The plans to attempt transferring staff are part of efforts to avoid headcount reduction.
Retail Banking
05/24/2023
Mizuho recognized as Best trade finance bank in Asia by Global Trade Review
GTR is one of the major magazines for the trade finance industry, and is read by financial institutions, regulators, traders, and manufacturers in over 90 countries.
05/19/2023
ACE Money Transfer and Bank Al Habib Join Forces to Stimulate Remittance Inflows to Pakistan
Despite a notable increase in inflows reaching $2.5 billion by March 2023, the overall downward trajectory has sparked considerable apprehension regarding Pakistan's economy.
05/17/2023
US Banks Reportedly Scaling Down China Plans
JPMorgan, Citi, Bank of America and Morgan Stanley have a combined exposure of $48 billion to China in 2022
05/11/2023
UBS Sees Problematic High-Risk Lending in Asia at Credit Suisse
The lending relationships prompting concerns are ostensibly in higher-risk markets
05/05/2023
AMP Bank announces interest rate changes
AMP Bank is committed to providing competitive rates for both home loan customers and savers to help them manage their budgets and achieve their financial goals.
05/03/2023
Citigroup Adds Staff to Hong Kong’s Commercial Banking Unit
Almost 40 percent of Citi’s new commercial clients in Hong Kong come from the development zone in the Greater Bay area.
05/02/2023
SMBC Group and Jefferies Announce Growth of Strategic Alliance
The next phase of the alliance will enhance the collaboration that began in 2021, increasing the joint efforts across the firms’ M&A advisory services and equities and debt capital markets businesses
04/27/2023
StanChart profit beats forecasts on boon from rising rates
StanChart, which earns most of its revenue in Asia, said January-March pretax profit reached $1.81 billion
04/26/2023
NAB, Westpac and ANZ to close branches in Victoria, NSW, WA and Qld
The major banks are shuttering more bank branches across the country with calls for them to stop as they rake in “massive profits”.
04/24/2023
New ‘One DBS’ brand campaign dials up the amplified benefits from DBS Bank India’s expanded scale
New film showcases the bank’s digital prowess, enhanced suite of offerings, Asian connectivity and commitment to sustainability
04/21/2023
Hang Seng Bank : Launches First Prestige Banking “Family+ Account” for Seamless Personal and Family Finance and Wealth Management
Under their own main account, customers can add multiple accounts that are named for a specific family member or a specific need.
04/21/2023
Citi lowers CapitaLand India Trust TP to $1.25 amid higher debt cost
CLINT currently has a portfolio of three data centres in Navi Mumbai, Hyderabad and Chennai, with total power load of about 150 megawatt which will begin construction in FY2023 and complete in 4QFY2024 to 4QFY2025.
04/17/2023
Cathay United Bank (Cambodia) Corporation Limited launches new CUBC mBanking App integrated to Bakong System
This new mBanking App was created with the aim of providing a modern and convenient digital financial experience to customers in Cambodia.
04/14/2023
Bank Indonesia forecast to hold rates at 5.75% for rest of 2023: poll
A majority of economists in the survey predicted the policy rate to stay at the same level for the rest of 2023.
04/14/2023
China’s megabanks plan funding spree to plug capital shortfall
Estimates vary depending on projections of profit, dividends, and asset growth, among other factors.
04/04/2023
NAB introduces payment prompts to protect customers from fraud
We have more than three million customers using the NAB app and NAB Internet Banking every month.
04/04/2023
HSBC Keeps Saying No to Asia
The issue will continue to percolate in the background as long as management and shareholders disagree on what creates real value at the bank.
03/31/2023
OCBC’s Group CEO Compensation Rises by Almost Half
She also received S$ 782,244 in other benefits.
03/28/2023
Xapo Bank Becomes The First Fully Licensed Bank To Enable USDC Deposits and Withdrawals
Xapo Banks marks a watershed moment for digital asset innovation by enabling members to bypass costly and time-consuming SWIFT payments and deposit and withdraw via USDC instead.