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Hang Seng Bank celebrates 90th anniversary
A celebratory event was held with Hong Kong’s chief executive and the bank’s chairman and CEO.
Hang Seng Bank celebrates 90th anniversary
A celebratory event was held with Hong Kong’s chief executive and the bank’s chairman and CEO.
HSBC launches RewardCash-based e-shop for Hong Kong Visa platinum cardholders
They can now ship at Watsons, PARKnShop, and Fortress with their RewardCash.
Indonesia’s Danamon to appoint Daisuke Ejima as president director
This plan will be submitted after obtaining approval from the Company's Annual General Meeting of Shareholders (RUPST) on 31 March.
Southeast Asian banks’ well-placed to ride fintech’s digital disruption: Moody’s
Supportive regulation, digital investments, and fintechs slowing growth will play to banks’ favor.
Weekly Global News Wrap: Credit Suisse woos the wealthy with higher deposit rates; Citi cuts jobs
And Goldman Sachs signals possible sale of consumer business assets.
Citi names Stella Choe as APAC head of new Global Network Banking
GNB brings together relationship managers across Citi’s different banking businesses.
Bank of East Asia launches Mainland account opening service for Hong Kong residents
The service is offered in 15 designated BEA branches across Hong Kong.
Australia’s mortgage arrears to rise as interest rates erode borrowers’ savings
Many lenders have seen a sharp rise in prepayment rates.
Citi Hong Kong to buy 106.4 million kWh renewable-sourced electricity
The deal is estimated to reduce carbon emissions by 41,496 tonnes.
Citi completes sale of India consumer business to Axis Bank
Approximately 3,200 Citi employees have been transferred.
Citi completes sale of Vietnam retail banking, credit card units to UOB
This includes the turnover of approximately 575 related staff.
Thais should invest in Japan’s real estate amidst yen depreciation: Bangkok Bank
Yen has depreciated by up to 30% so far, offering great opportunities for clients to invest.
South Korea’s chief financial regulator urges banks to reduce interest income dependence: report
Lee Bok-hyun said the FSS is looking for ways to encourage lenders to diversify income streams.
South Korea reviews allowing insurers to conduct banking operations
A task force was formed to look into this.
Citi appointed depositary bank for Hangke’s GDR program
This is in connection with Hangke’s $172.85m IPO of tis GDRs.
Maybank Singapore’s profit before tax doubles to S$655.92m in 2022
This was reportedly thanks to higher income and lower loan loss allowances.
Maybank’s net profit up 1.6% to $1.8b in 2022
Improving regional economic activities and lower net impairment losses led to the growth.
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