News

Japanese regulator sounds out megabanks on China geopolitical risks: report

Its three megabanks have a total credit exposure of $64b to China.

Stable profits buoys Public Bank HK’s resilient credit profile

However, higher funding and credit costs will weigh down on profitability.

OCBC buys more Great Eastern shares for S$39.9m

OCBC now owns 88.4% of its subsidiary’s shares.

IndusInd Bank, Wise offer remittance services to US, Singapore

Internationally-based Indian citizens can remit from Singapore and the US.

JCB cards now serviceable through EazyPay in Bahrain

JCB card holders can now be used through the Bahrain-based service provider.

CIMB Singapore launches CIMB Bank Express

It uses chat bots, anamorphic displays, and interactive screens to support self-service banking.

India’s Axis Bank names central bank ex-deputy governor as non-executive chairman

N.S. Vishwanathan will assume the role on 27 October, pending approval.

Bank of East Asia extends weekend business hours in three branches

They will be open from 1PM to 5PM until 9 July 2023.

No changes to Hang Seng Bank's HKD dollar prime, savings deposit rates

Savings accounts with a total relationship balance of HK$1m or above will enjoy a bonus interest of 0.001% per annum.

MAS provides Sygnum IPA for licence

This expands their offering of regulated crypto brokerage service.

Dah Sing Bank shows solid capitalisation, funding and liquidity: Moody’s

The bank has a stable outlook due to its capability to maintain strong credit profiles, including solid capitalisation, funding, and liquidity. 

Citi to provide custody and fund services to Fubon’s latest Hong Kong ETF

The bank works with over 40 ETF issuers covering 500 ETFs in APAC.

Bank of China HK’s HKD prime rate, savings deposit rate unchanged

Savings accounts with HK$1m will enjoy a bonus rate of 0.001% per annum.

BNY Mellon names Hong Kong chief executive

Francis Giglio will sit in place and his designation is effective immediately.

livi bank, FWD General Insurance launch pet care insurance

Survey shows that 77% of pet owners have not purchased any pet insurance.

HSBC winding down wealth, personal banking business in New Zealand

The bank can no longer justify investing into this business, it said in a statement.