News
DBS buy virtual land at The Sandbox metaverse to create DBS BetterWorld
It will acquire a 3x3 plot of land to develop.
DBS buy virtual land at The Sandbox metaverse to create DBS BetterWorld
It will acquire a 3x3 plot of land to develop.
CIMB Singapore raises fixed deposit rate to up to 2.7% per annum
It’s available for 12 and 18 month periods.
Taiwan bad loans increased by $400m in July
Total outstanding loans increased to $1.19t at the end of July.
Standard Chartered, MonetaGo launch service to avoid duplicate financing fraud
It is accessible via SWIFT’s global API.
Citi Philippines raises Home Credit’s facility to $14.3m
This is almost double the $7.36m it approved last May.
Citi names Aditya Sharma as Asia head of custody
He has spent 19 years with Citi.
Singapore’s fintech funding hit three-year high for an H1 period, but fizzles from H2 2021
The funding was the highest for a first-half period since 2019, but 15% lower than in H2 2021
BOC Hong Kong arranges $115.8m green-linked loan for China Overseas Land & Investment
COLI will enjoy savings in borrowing costs should it meet performance targets.
KPMG launches embedded finance hub in Singapore
It will run for 2 years and provide incubation support to institutions.
Deutsche Bank opens first Bangladesh office
It is their 15th market to be active in.
Citi Hong Kong names Vicky Wong as consumer business manager
She was Standard Chartered’s regional head of wealth management for Greater China, North Asia, and Hong Kong.
Citi TTS names Rishi Luthria as APAC head of platforms and data services
Luthria first joined the bank in 2012.
Public Bank teams up with Sunway Property for financing green development projects
Customers can avail of a special sustainable financing package.
APAC’s non-bank financial institutions face liquidity challenges: S&P
One NBFI failure is enough to trigger a domino effect and collapse a whole market.
Weekly Global News Wrap: Citi cuts mortgage staff; Banks offer pingpong, free meals in back-to-office push
And UK officials classify $1.27b small business loans as suspected fraud.
CIMB Singapore raises deposit interest rate tenfold to up to 2% annually
StarSaver savings account holders can enjoy the new rate without any deposit caps.
American Express opens exclusive lounge in SG for Centurion card holders
Members can enjoy a complimentary welcome cocktail when they visit.
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