News

Australia’s central bank names first-ever COO

Susan Woods has served as Assistant Governor (Corporate Services) at RBA since 2018.

Australia’s central bank names first-ever COO

Susan Woods has served as Assistant Governor (Corporate Services) at RBA since 2018.

Citi names J.P. Morgan banker as head of banking, executive vice chair

Viswas Raghavan was CEO of J.P. Morgan in EMEA since 2017.

Hong Kong’s BEA launches WMC 2.0 Southbound services

BEA offers 250 eligible fund products under the expanded WMC scheme.

DBS, Sheng Siong to build sustainable business ecosystem with 1,000 SMEs

DBS will offer upskilling courses and sustainable financing solutions.

E-angpaos sent in CNY tripled in 2024: OCBC

The $100 amount is the most popular e-angpao amount this year.

BSP okays adoption of sustainable finance taxonomy guidelines

It has a “traffic light system” in classifying if finance activities are SFTG-aligned.

MAS investigating Samlit for allegedly failing to remit money to China

The money changer is suspected of failing to comply with obligations as a licensed payment service provider.

Hong Kong’s BEA expected to withstand asset quality strain in 2024: analyst

BEA’s reduced exposure to China’s commercial real estate sector is a positive.

Mizuho appoints Hidekatsu Take as deputy president

He joins group CEO Masahiro Kihara as representative executive officer of MFG.

Bank of East Asia unveils mobile app with personalised interface

Users can create shortcuts for frequently performed tasks and can avail of rewards.

Visa reopens Singapore Innovtion Centre

Amongst those displayed is a pay-by-palm tech where you pay by scanning your palm.

CBA now a validation agent in the global legal entity identifier system

This comes ahead of Australia updating its OTC derivative transaction reporting rules.

PH’s Security Bank digitising its wealth management platform

The bank has partnered with Avaloq to automate and standardize the WM workflows.

HSBC profit before tax is $30.3b in 2023

But the bank also had a $3b impairment charge related to the Bank of Communications.

Hong Kong’s BEA reports 5.5% lower profit in 2023

Basic earnings per share is HK$1.32, unchanged from a year ago.

UOB hit record S$6.1b net profit; final dividend is 85 cents per share

Higher credit card and wealth management fees pushed fee income growth in 2023.