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.
Retail Banking
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.
03/28/2023
Investment in Vietnam Prosperity Joint Stock Commercial Bank
With this Investment, VPBank will become an equity method affiliate of SMFG and SMBC.
03/27/2023
State Banks Eye Crypto Opportunity in Hong Kong
Included in this group are the Hong Kong arms of Bank of Communications, Bank of China and Shanghai Pudong Development Bank.
03/27/2023
UOB CEO Receives 2022 Pay Hike
Wee’s pay hike coincides with UOB’s record profits in 2022 which rose 12 percent to S$4.6 billion, largely due to higher net interest income from rising rates.
03/22/2023
OCBC Launches Wuhan Branch
The new branch is part of broader plans to «capture the growing Greater China-ASEAN trade and investment flows».
03/13/2023
HSBC launches digital account opening service for foreign passport holders
The new service - the first of its kind among banks in Hong Kong - enables eligible individual customers to open an HSBC HK bank account with a passport via the HSBC HK App remotely.
03/06/2023
Citi Completes Sale of Vietnam Consumer Banking Business to UOB Group
The completed sale of our consumer business in Vietnam puts us one step closer to delivering on our divestiture mandate as part of the firm’s strategy refresh.
03/03/2023
UOB Completes Citi’s Consumer Banking Acquisition Deal in Vietnam
The completion of the acquisition had also included the transfer of approximately 575 Citigroup related staff to UOB Vietnam.
03/02/2023
Citi Completes India Consumer Sale to Axis
Citi will also transfer approximately 3,200 employees to Axis and the transaction is expected to result in a regulatory benefit of $1.4 billion for the US lender.
02/24/2023
OCBC Group Full Year 2021 Net Profit Rose 35% to S$4.86 billion
Group net profit for FY21 was S$4.86 billion, an increase of 35% from a year ago, underpinned by strong growth in non-interest income and lower allowances, which offset a decline in net interest income amid a low interest rate environment.
02/23/2023
UOB’s FY22 core net profit up 18% to a record S$4.8 billion underscored by strong margin expansion and resilient asset quality
Transformational Citigroup acquisition showing positive results.
02/10/2023
DBS first Southeast Asian FI to be selected by China's central bank to boost green lending for sustainable development
Appointment enables DBS to offer low-cost loans to help accelerate decarbonisation in the world’s second-largest economy
02/10/2023
Outlook grows cloudy for Singapore banks despite decade-high profit margins
Singapore banks, among the most well capitalised in the world, are also expected to report record full-year results, stoking market expectations of special dividends.
02/07/2023
Hong Kong Banking Delegation to Middle East Unveiled
The most recent financial development was a signed agreement between Hong Kong and Saudi Arabia’s stock exchanges to explore new collaborative opportunities, including cross-listings.
02/02/2023
New scam detection, prevention and education initiatives to keep more customers safe
CBA is the first Australian bank to provide account “NameCheck” on its digital banking platforms, as new “CallerCheck” feature is launched to verify it’s the bank calling a customer.
02/01/2023
AMP Bank acquires Nano mortage book
The agreement also delivers on Nano’s strategy to focus on being a provider of technology to financial services companies rather than a home loan provider.
01/25/2023
AMP announces impairments to be recognised in FY 22
The impairments will result in a reduction in AMP’s FY 22 statutory profit.