News
China’s banking sector to polarize in 2023; weak banks face failure
Overall loan growth will come below 10% in 2023, says S&P.
China’s banking sector to polarize in 2023; weak banks face failure
Overall loan growth will come below 10% in 2023, says S&P.
Bangladeshi banks face weak profitability in 2023: S&P
The COVID measures, which have yet to be relaxed, will squeeze banks’ margins.
Malaysia’s Public Bank enables Google Wallet payments for Visa card holders
They are amongst first to enable it in Malaysia.
OCBC names Noel DCruz as Group Chief Risk Officer
He has worked for the bank for 33 years.
Thailand’s Beam raises $2.5m in seed funding
Beam offers a one-click checkout solution for seamless payments.
ADB inks MOU with R3 to explore use of distributed ledger tech
This includes a project exploring a cross-border multi-currency securities settlement system.
MAS, UNDFC to develop integrated financial ecosystems for MSMEs
The project will focus on enterprises from least developed countries.
Sound underwriting shields South Korean banks’ from housing market downturn: Fitch
Unsecured personal loans and small business loans are bigger risks.
EastWest Bank, JCB launch credit card in the Philippines
Customers can access several rewards and year-round promotions.
Australia’s biggest banks to pay $84.51m for insurance lawsuit
CBA, Westpac, and ANZ allegedly misled customers by selling or issuing policies of no value.
Meaningful experiences, wellness as key pillars of the return of travel: Mastercard’s Mayank Dutt
Mastercard’s cardholders in its affluent portfolio can access wellness programs on the go.
Thailand’s KBank earmarks $5.53b for sustainable funding, loans
The bank says it will grant the funding and loans to 1.9 million small pocket customers.
Weekly Global News Wrap: Goldman Sachs promotes 80 bankers to partners; Citi to buy Deutsche Bank's Mexican license
And Sweden's central bank encourages banks to moderate dividends.
MAS grants Atome in-principle approval to be a Major Payment Institution
Atome can now perform regulated payment services in Singapore.
RBC Wealth Management names Kamran Azim as COO for Asia wealth business
He will be based in Singapore.
Dah Sing Bank reopens Tuen Mun Branch
It was temporarily closed for cleaning and disinfection.
ZA Bank launches tax loan with early repayment handling fee waiver
Users may avail of a 10% interest rate discount when applying for the loan before 30 November.
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