News
Citi winds down Russia consumer, commercial banking businesses
Approximately 2,300 employees will be affected, according to the bank.
Citi winds down Russia consumer, commercial banking businesses
Approximately 2,300 employees will be affected, according to the bank.
Thailand’s SCBX scraps $500m deal for crypto exchange Bitkub: report
SCBX said that Bitkub needs time to fix its issues with the local regulator.
Maybank net profit down 9.2% to $415.7m in Q2
Fee-based income rose, but group braces for expected credit losses.
DBS Hong Kong grants US$35m green-linked loan to down apparel firm Bosideng
The loan has a one year tenor.
China’s small, regional banks gain lifeline with planned NPL disposal initiative
But local asset management companies may face pressure to acquire bad debt at prices that make it challenging to earn a commercial return.
Indonesia’s finance and banking sector second most cyber-attacked industry
Financial institutions were attacked triple the average global every week.
Singapore’s Blockchain & Crypto startups capture most seed investments in H1
This is despite MAS moving to tighten retail investors’ access to crypto.
UOB Infinity rolls out new financial supply chain management services
The features will be rolled out to clients outside of Singapore, Hong Kong at a later stage.
Dah Sing Banking Group’s profits down 1% to HK$1.09b in H1
Property woes in Hong Kong and Mainland China doubled the bank’s credit impairment losses.
2 in 5 Filipinos name fraud protection as top priority when opening new financial account
About 4.5% of those surveyed have been victims of identity theft.
Financing platform Funding Societies clinches US$50m loan with HSBC SG
It will use the money to extend more loans to SMEs in Southeast Asia.
DBS’ DDEx doubles trade volume in June from April
The number of BTC and ETH bought also rose by over 50%.
Maybank sets financed emission baseline, adopts ESG transition strategy
It is the first bank in Malaysia to do so.
Dah Sing Bank temporarily shutters Causeway Bay Branch
It will resume operations on 24 August.
Citi Global Wealth APAC clients invest $5b in bonds in May-July
Majority of investments flowed to fixed income funds and hedge funds.
Dah Sing Bank temporarily closes Maritime Square and Tuen Mun branches
Branches will reopen tomorrow, 23 August.
China’s banks set to trim loan rates to bolster borrowing: report
This comes after new yuan loans in July fell to just a quarter of the amount in June.
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