News
Citi names Cristina Chang as head of markets for Australia, New Zealand
Chang will retain her role as head of asset backed financing.
Mizuho Financial Group’s net income up 18.2% to $4.3b in 9M FY2023
Its gross profits and credit costs rose.
SMFG profits up 3.5% to $5.3b
An earnings per share of approximately $4 has been announced for the period.
SG AI fintechs score funding wins amidst fintech investment downturn
This bucked the global trend, where AI fintechs overall clinched less investments.
PH central bank optimistic it’ll achieve digital payment targets
The country aimed to have 50% of all retail payments be digital by end-2023.
India’s Paytm meets with central bank following suspension of deposits: report
Paytm is reportedly seeking to extend the RBI’s 29 February deadline, a source said.
Thai banks’ credit costs rise as tech difficulties, bad loans pile up
Despite their targets to decrease costs, three banks saw them rise instead.
SMBC appoints ex-Credit Suisse China CEO as new APAC managing director
Carsten Stoehr will join SMBC on 19 February after 25 years in Credit Suisse.
Alipay+ enables usage of 6 international e-wallets in Singapore
Its merchants can now accept payments from up to 12 overseas e-wallets.
Citi Korea to enjoy strong capitalisation, stable credit profile through 2025: Moody’s
The bank’s winding down of its consumer banking business is a positive.
DBS HK opens 15,000 sqft Treasures Centre at 18 Queen’s Road Central
It will have a team of WM professionals to provide HNWIs with wealth solutions.
Hang Seng Bank names ex-Ping An deputy chief exec as new general counsel
Mabel Chu served as deputy chief executive (functions) of Ping An OneConnect Bank.
Singapore leaders pay tribute to late banking tycoon Wee Cho Yaw
Wee was hailed as a visionary leader and for his contributions to education and culture.
UOB charman emeritus Wee Cho Yaw passes away at 95
He expanded UOB to a multinational bank present in over 19 countries and territories.
Hang Seng Bank names new risk committee chairman
Kenneth S Y Ng is stepping down from the role.
SG SMEs seek cross-border payments for overseas goals
6 in 10 small businesses use an app to make int’l payments, with 3 in 10 having experienced issues.
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