News
New Zealand sets new debt-to-income restrictions in lending
It reduces the amount of high-DTI loans that local banks can lend out.
New Zealand sets new debt-to-income restrictions in lending
It reduces the amount of high-DTI loans that local banks can lend out.
Shacom Bank face profit strains amidst elevated asset risk
Moody’s Ratings has changed the bank’s outlook to negative.
Maybank SG, Fidelity International launch multi-asset fund
The fund is offered in three asset classes and will be made available in Q3 2024.
China’s measures to fix property slump raises risks for banks
Lower down payments may embolden buyers to walk away, analysts warned.
BEA offers up to HK$100,000 benefits to new CIES clients
BEA Private Banking will waive selected fees for clients who invest at least HK$30m.
Korea’s USD deposits decline in April amidst weakening won
Companies reportedly withdrew part of their US dollar deposits.
Japanese banks’ total assets total $9.12b in March
Deposits in domestic branches were at $6.32t as of end March 2024.
Fintech Nium chosen to issue virtual cards for HappyEasyGo
Nium is able to fund and issue virtual cards in over 20 local currencies.
APAC’s top bankers sound alarm over impact of rising living costs
CEOs are optimistic yet cautious, but tout banks’ resilience.
Australian banks’ dividends to stay flat amidst cash earning pressures
The higher payouts in H1 were to establish shareholders’ confidence, S&P said.
Maybank’s net income up 9.8% to RM2.49b in Q1
Non-interest income jumped 79.2% and lifted operating income for the quarter.
UOB poised to benefit from growth of SEA's mass affluent segment
UOB has woven partnerships with privilege banking to appeal to the segment.
Krungthai Bank to temporarily shutter Thepprasit Road (Pattaya) branch
This is due to suspension of electrical supply.
Nomura doubles top managers’ pay for FY2024: report
CEO Kentaro Okuda is amongst those who enjoyed higher compensation.
StashAway’s Hong Kong assets expand by 20% in Q1
Majority of their assets are from HNW and emerging HNW clients.
Chart of the Week: 8 in 10 Chinese people use mobile wallets
Alipay and WeChat pay each have 1 billion users globally.
Morgan Stanley’s James Corman to step down as executive chairman
He highlighted the successful transition of the new CEO in his announcement.
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