News

MUFG Investor Services opens operational center in Malaysia

Kimberly Clark’s Puneet Gupta will be the new managing director of the center.

MUFG Investor Services opens operational center in Malaysia

Kimberly Clark’s Puneet Gupta will be the new managing director of the center.

Robust profits, lower credit costs to buoy Indonesia’s banks in 2024

The sector's profitability has surpassed pre-pandemic levels to reach 2.7%.

Hong Kong, Thailand launch cross-border QR payment service

HSBC and Bangkok Bank serve as settlement banks.

Bank of Singapore names Credit Suisse HK chief exec as new GC private banking head

Rickie Chan was also Credit Suisse’s head of global wealth management for Greater China.

Mizuho completes acquisition of US investment bank Greenhill

Greenhill is bringing its over 370 employees in the acquisition.

ING coordinates US$260m sustainability-linked loan for HK’s Hop Lun

Hop Lun designs and manufactures products for more than 200 brands.

MAS unveils multi-sector transition taxonomy

This is the first taxonomy globally to pioneer the concept of a “transition” category.

Korea’s Woori Bank faces lower profits, rising credit costs in 2024

Capitalisation, funding, and liquidity are expected to remain stable.

Hang Seng Bank warns of phishing SMS messages, fake WhatsApp accounts

These phishing SMS and fake accounts prompt users to provide their banking info.

Tap & Go joins Hong Kong-Thailand cross border retail payment service

Hong Kong Tap & Go customers can now pay in Thailand locally with just their app.

Crypto-focused SEBA Bank rebrands to AMINA Bank

It recently clinched a license to offer regulated services in Hong Kong.

Maybank Singapore approves landmark US$100m green-linked Islamic loan

Maritime transportation services company AET will use it to reduce GHG emissions.

Japan’s SMFG names Toru Nakashima as CEO

Nakashima retired from SMBC in April 2022, but returned to the company in 2023.

SAP & SAP Fioneer's leadership shines: Transforming financial services with industry giants

SAP and SAP Fioneer's pivotal role in reshaping financial landscapes across the Asia Pacific was highlighted at the recent SAP & SAP Fioneer Financial Services Forum Asia Pacific.

Grab, Singtel-backed GXBank launches full operations in Malaysia

The digital bank intends to roll out its own debit card in the coming months.

Higher risk of defaults on the horizon for Thai banks

Household leverage has reached “unsustainable levels”, says S&P Global Ratings.

Singapore’s net interest margins to peak in 2024: S&P

NPL ratio will remain below 2% and NIMs may peak at up to 2.2%.