News
HSBC says split bank would result in ‘erosion of earnings’
The bank responded to the strong statement regarding a break-up plan by Ping An.
HSBC says split bank would result in ‘erosion of earnings’
The bank responded to the strong statement regarding a break-up plan by Ping An.
Weekly Global News Wrap: UBS to retain only few Credit Suisse senior bankers; open banking to increase liquidity risk
And the UK must make it easier for banking staff to work remotely, says industry body.
Chinese banks' bad loans to hit $95b in 2024
Stress from property sector continues to weigh.
Digital finance platform Funding Societies has disbursed $3b of funding to SMEs
The company offers lending, payments, and collections services.
BNP Paribas launching wealth management business in Thailand: report
It will use the bank’s platform in Singapore.
HSBC’s largest shareholder shares ‘deep concerns’, pushes for break-up
Ping An expressed five points that need to be addressed.
Brankas-MPT mobility partnership grants motorists quick toll reload via bank accounts
This collaboration targets to attract new app users that will benefit from lower service fees.
South Korea’s central bank unveils system for verifying AI use in credit scoring
Credit bureaus will be supervised under this new verification system.
Alternative payments account for 43.3% of e-commerce purchases in Hong Kong
Over 90% of Hong Kong consumers have shopped online over the past 6 months.
MAS chief Ravi Menon set to step down in 2023: report
Chia Der Jiun is tipped to be the next managing director of Singapore’s central bank.
VPBank’s stake sale to SMBC to uplift its capital, balance growth plan
But “aggressive” growth plan, real estate sector woes will weigh on asset quality.
Hang Seng cautions clients against phishing scams and fraudulent websites
Phishing messages can steal users' personal details through prompted links to fake websites.
OCBC and SG police force prevent scam losses worth S$12.6m
About 700 victims were safeguarded from potential loss.
Bank of Ayudhya’s profitability recovers to pre-pandemic levels
Bad loans are expected to stay at a ratio of 3% over the next 12 to 18 years.
UOB sets new tech and innovation hub in Punggol Digital District
This is the first Singapore local bank to establish a presence in the district.
UOB and Lazada partner for better commerce payments in SEA
This is their first cross-industry collaboration.
Global fintech funding down in 2022: S&P
S&P Global expects fintech funding to rebound in 2023
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