News
SMBC terminates capital alliance with Vietnam Eximbank
It will liquidate its entire equity ownership in the bank.
SMBC terminates capital alliance with Vietnam Eximbank
It will liquidate its entire equity ownership in the bank.
Citi names Sanjay Nambiar as head of cards and unsecured lending for APAC, EMEA
Nambiar has worked across various roles in his 17-year career with Citi.
HK’s livi bank launches QR payment option
From now until 31 March, customers can earn rewards up to HK$500 per month.
China reopening to push up demand for retail loans: analyst
China Merchants Bank will reap full benefits of the reopening.
Weekly Global News Wrap: Credit Suisse to cut 10% OF EU investment bankers; BOE skeptical over digital pound
And Spain’s BBVA says it will exceed 2021 dividend.
New license for virtual asset providers, relaxed listing to rock Hong Kong’s fintechs
Virtual asset service providers will now need to be licensed.
Citi names Tibor Pandi as Citi country officer for Singapore
Pandi has worked in Citi for 22 years.
DBS Hong Kong unveils eLaisee function
Customers who send an eLaisee also have the chance to win up to HK$288 in cash rewards.
Wilmar International bags US$200m sustainability-linked trade finance facility
It sealed the deal with Standard Chartered.
India’s HDFC Bank net profit up 18.3% in Q4
Net interest income and fee income rose to INR6,052.6 crore during the quarter..
Bank of Thailand issues consultation paper on virtual bank licensing
BOT is inviting comments and suggestions on the proposed framework by 12 February.
South Korea’s household lending rate soars to highest in 10 years: report
The household lending rate hit 5.57% per annum on average in November.
UOB to issue S$850m perpetual capital securities with 5.25% rate per annum
The distribution rate will reset on 19 January 2028 and every five years thereafter.
Indian banks’ lending to NBFCs up 150% from pre-COVID levels
In November, banks' outstanding credit to NBFCs rose 33% from 2021.
Financial stability a priority for Hong Kong: finance secretary
Chan expects more support from mainland China as the latter’s economy recovers.
Indonesia’s Bank Danamon expected to hit $245m profits in 2023: analyst
Synergy with parent company MUFG will help grow its corporate and SME loans.
Weekly Global News Wrap: Wells Fargo slimming down mortgage business; Swiss central bank reports biggest annual loss ever
And US banks expected to report lower earnings as they brace for economic slowdown.
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