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Weekly Global News Wrap: US banks closed 2,000+ branches in 2021; Morgan Stanley CEO pay raised to $35m
And Citi, BNP Paribas eye 7 February return-to-office date.
Weekly Global News Wrap: US banks closed 2,000+ branches in 2021; Morgan Stanley CEO pay raised to $35m
And Citi, BNP Paribas eye 7 February return-to-office date.
Indonesia’s big four banks’ asset qualities remain under pressure in 2022
The banks’ credit costs are sighted to remain elevated.
Hong Kong's ZA Bank can now offer investment services
The license will allow the bank to offer investment services.
Payments platform Yeahka is China’s top non-bank QR payment service
Transaction size reached $156.24b in 2021.
MAS, Bank Indonesia beef up bilateral cooperation
The institutions will collaborate on payments innovation projects amongst others.
South Korea mulls easing restrictions on investing in fintech: report
The country’s top regulator shared plans to enact a new law on the matter.
Chart of the Week: Indonesia’s card payments market to grow 10.7% in 2022
Growth will be driven by the rise of debit card use.
Mizuho submits business improvement plan following tech failures
Mizuho most recently saw disruptions to its corporate online bank services on 11 January.
Union Bank’s capital buffers to weaken following Citi purchase: analyst
Any potential earnings boost remain uncertain; whilst reduced capital will take years to rebuild.
Standard Chartered appoints Roel Louwhoff as chief of tech, operations, and transformation
He replaces current COO David Whiteing, who is moving back to Australia.
DBS to only send 'essential' SMEs to retail, wealth customers
The bank assured customers that it employs a multi-layered defence system against fraud.
Singapore launches new measures to bolster digital banking security
Banks are asked to remove links in emails and SMS sent to customers.
Cryptocurrency ATMs close down in Singapore following MAS clampdown: report
Two operators, Daenerys and Deodi, have shut down their ATM machines in the city.
Grab Singapore includes more banks in linked account feature
Users can now link accounts from Bank of China, DBS, Maybank, OCBC, StanChart, and UOB.
Will Request To Pay displace card payments in the future?
The potential is there, but tech roadblocks prevent wider adoption in the industry.
Citi names new head of Global Subsidiaries Group for APAC
And the search for a new head of corporate banking for Australia and New Zealand is on.
Singapore bans promotion of cryptocurrency trading in public
The new guidelines instruct against marketing DPT services in public areas.
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