08/24/2022
In addition to reluctance from businesses and households to borrow, China’s banking system is also in the midst of an ongoing property crisis that includes developer defaults, mortgage boycotts and other issues.
08/23/2022
Lingang was first established three years ago with the aim of piloting policy initiatives that promote cross-border trade and financial innovations.
08/22/2022
SMFG to compete against MUFG as they seek to acquire Panin
08/16/2022
Babej’s optimism on the country is consistent with the group’s upbeat view on Asia as a whole.
08/10/2022
Quek, 80, is Malaysia’s second richest man after property tycoon Robert Kuok with an estimated net worth of $10 billion, according to Forbes magazine this year.
08/04/2022
The central bank issued the first digital licence to Tonik Digital Bank, a unit of Singapore’s Tonik Financial Pte Ltd, in June 2021.
08/03/2022
Group net profit of S$2.84 billion increased 7% from a year ago, largely driven by higher net interest income and lower allowances.
08/02/2022
The agreement covers related Citi staff, with approximately 1,540 consumer bank and supporting employees transferring to UnionBank.
08/02/2022
Westpac will receive ongoing payments under an exclusive 20-year strategic alliance for the provision of life insurance products to Westpac’s Australian customers.
07/29/2022
Atul Jain named Transaction Finance Person of the Year
07/29/2022
Second quarter net profit up 11% year on year driven by margin expansion
07/29/2022
Overall, the China business registered a pre-tax profit of $242 million in the first half, down 23.4 percent from $315 million in the same period a year ago.
07/27/2022
The technology, developed in partnership with sustainability Fintech startup Cogo, will allow the bank’s retail customers to view their monthly carbon footprint with a comparison to the national average.
07/26/2022
The Japanese bank’s push deeper into wealth management is a sign competition is heating up in a market that’s already fiercely contested.
07/25/2022
The reshuffle precedes a change in the BOJ leadership when Kuroda's second, five-year term ends in April next year.
07/25/2022
Chief Operating Officer of local telco provider More, Richard Branson, discusses the strategic partnership with CBA, what it means for the Bank’s customers, and what’s next.
07/20/2022
The securities have also rallied after a report last week showed gross domestic product slowed to 0.4% last quarter, far below the nation’s 5.5% annual growth target.
07/20/2022
The PBoC responded this week by adding liquidity into the financial system for the first time since June through raising the size of its daily short-term cash injection to 12bn yuan ($1.8bn) on Monday from 3bn yuan.
07/20/2022
The deal also means UnionBank would absorb approximately 1,750 local employees of Citi, including those in senior management roles.
07/20/2022
The RBA has already raised rates for three months in a row and markets are wagering on further hikes to near 3.5 per cent by the end of the year.