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.
Weekly Global News Wrap: HSBC gets approval to sell Russia unit; Chinese banks approve $17b property loans
And China cuts 25 basis points to five-year loan prime rate (LPR).
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.