12/25/2019
Nirav Modi’s bank gets hit again
Punjab National Bank now files complaint for a much lower $15.4m exposure
Retail Banking
12/23/2019
RCBC, fintechs launch P100 billion fund for MSMEs
The open-ended fund will provide alternative funding for capital and operational requirements of MSMEs through the sale and purchase of invoice receivables and other movable assets registered by invoice receipts, certificates, or contracts as defined by t
12/18/2019
Aussies Shop with Savings in mind this Christmas
The biggest spending days predicted for this Christmas are Thursday, Friday and Saturday
12/15/2019
Bangkok Bank pays $3.7b for Indonesian bank stake
DBS, OCBC 'backed out' of bid for Permata co-owned by StanChart
12/15/2019
Banks accelerate digital payments
He reiterated that the national ID is a game changer as it will simplify public and private transactions through a reliable identification system, and enabling the unbanked and the vulnerable sectors to have proof of identity.
12/12/2019
ANZ close to selling NZ finance company UDC - report
The planned UDC purchase was one of several big acquisitions undertaken by HNA around the world, including a big stake in Hilton Worldwide Holdings and Deutsche Bank.
12/02/2019
Yes Bank investors back its plan to raise as much as $2b
India’s fourth-largest private-sector lender had said it aimed to raise about $1.2 billion in capital and received offers from bidders including an unidentified North American family office.
11/26/2019
Westpac Issues Response Plan to Address AML/CTF Failings
We are determined to urgently fix these issues and lift our standards to ensure our anti-money laundering and other financial crime processes are industry leading.
11/21/2019
Malaysian Islamic bank MBSB sets up 10 bln ringgit sukuk programme
Malaysia Building Society Berhad acquired Asian Finance Bank and re-branded it to become MBSB Bank in 2018. MBSB obtained its Islamic banking licence in April 2018.
11/20/2019
New lender looking to establish virtual bank in the Philippines
Meanwhile, BSP Managing Director for the Financial Technology Subsector Vicente T. de Villa III said that the central bank is reviewing rules on online banking.
11/17/2019
Bank of China brokers deal to buy €155m Goodbody
Chinese will take an initial 75% stake in Irish financial services firm
11/17/2019
Emerging Market Bankers Parse Big Data to Predict Credit Risk
Prepaid mobile customers who lack funds can easily acquire additional talk time and mobile data from their telecom providers on credit.
11/14/2019
Australia's CBA says wealth management, mortgage broking head to leave
CBA halted preparations to demerge its wealth management and mortgage broking businesses in March, to instead focus on the unfinished work of repaying wronged clients.
11/12/2019
Singapore's DBS Q3 profit beats view on wealth fees, cautions on outlook
DBS made a net profit of S$1.63 billion for the quarter, compared with S$1.41 billion a year earlier and an average estimate of S$1.57 billion from five analysts, according to Refinitiv data.
11/11/2019
Australia's NAB profits plunge in wake of banking royal commission
This year has been very challenging, requiring significant actions for us to deal with past issue
11/07/2019
Viet Capital Commercial Joint Stock Bank to Launch JCB Credit Card in Vietnam
The holders of Viet Capital Bank JCB Card can access the JCB acceptance network with about 30 million merchants around the world
11/05/2019
OCBC Q3 profit dips 6% to S$1.17b on one time charge
Total income for the quarter rose 4 per cent to S$2.66 billion from S$2.54 billion a year ago.
11/05/2019
Asian lenders bank on Indonesia for growth
SMBC bought BTPN’s shares for Rp 14.28 trillion (US$1.01 billion) under a tender scheme.
11/03/2019
DBS denies reports of Yes Bank acquisition
The lender said that it has now received a binding offer from a global investor for an investment of $1.2 billion in the bank through fresh issuance of equity shares, subject to regulatory approvals and conditions as well as the bank's board and shar
10/25/2019
Stan Chart to distribute Blackrock fund onshore
In total, Standard Chartered in China distributes around 200 QDII products managed by 10 foreign asset management firms.