News

Mizuho Financial Group reports $1.71b in profits for Q1 FY2023

Net income per share of common stock is JPY96.75 for the quarter.

Mizuho Financial Group reports $1.71b in profits for Q1 FY2023

Net income per share of common stock is JPY96.75 for the quarter.

HSBC’s records $12.9b pre-tax profit for H1

This is $12.9b higher compared to the first six months of 2022.

MAS unveils revised framework to strengthen anti-ML controls in single family offices 

There will be harmonised class exemption for SFOs who meet specific requirements.

Bank of China Hong Kong to conduct system maintenance in 6 August

Services affected include ATM transactions and the BOCHK website.

UnionDigitalBank, Capital A launch embedded finance services in the Philippines

Amongst services to be offered is the “Fly Now, Pay Later” flexible payment option.

China taps banks to bolster cross-border trade, offer financial support

Additional support will be provided for export-related credit insurance.

Standard Chartered Asia's income up 23% in H1

11 Asian markets registered record incomes.

Bank of China Hong Kong warns of fraudulent website

The case has been reported to the HKMA and the local police force.

Singapore to eliminate use of all corporate cheques by 2025

Cheque transactions have declined by almost 70% between 2016 to 2022.

BEA raises standards savings rate to 0.875%

Its HK dollar prime rate has been increased to 6.125% per annum.

Bank of China (Hong Kong) adjusts HKD prime rate to 5.875%

The savings deposit rate will also be adjusted to 0.875% for accounts with a $5,000 balance and above.

UOB net profit up 53% in H1; 85 cents interim dividend announced

Net profit was S$1.4b in Q2 when including the one-off Citigroup integration expenses.

StashAway, family office firm to offer clients with more investment options

ACP clients can invest in private equity managers such as KKR, SilverLake, and Khosla Ventures.

BigPay revamps mobile application interface

The redesign now features a floating navigation bar.

South Korean banks to maintain eased lending stance in Q3: report

There are less banks who will ease their lending stance compared to Q2 and Q1, however