News
StanChart’s SC Ventures invests in sharia fintech Algbra
The amount of investment is undisclosed.
Banks grapple through era of disruption by being the disruptor
Companies are facing not just tech transformations but also shorter skill lifespans for their workforce.
AMINA onboards clients for crypto financial services
Its initial product offering includes crypto ETPs, dual currency notes, and capital-protected notes.
China investment banks report dismal fees as IPOs and M&As fall to decade low
Banks only raised $3.1b in fees from IPOs– a 78% decline from Q1 2023.
ICBC planning $5.5b loss absorbing bonds sale: report
The world’s largest bank by assets is likely to issue CNY20b.
Korean banks’ household loans drops in March as mortgage demand slows
In contrast, bank lending to the corporate sector increased by over KRW10t.
Transferable deposits drive South Korean banks’ deposit growth in March
Banks hold an outstanding KRW2.36t in deposits as of end-March.
Citi is Asia’s top equity capital markets underwriter in Q1
The bank reportedly commanded a total issuance volume double to its closest rival.
Maybank issues apology following digital and payment service disruption
Customers were temporarily unable to make online and retail payments on 5 April.
HSBC sells Argentina banking operations with $1b loss
Grupo Financiero Galicia will be paying $550m for the unit.
Weekly Global News Wrap: Bain Capital sells Axis Bank stake for $429m; Switzerland boosts banking rules
And Postbank employees escalate their strike for a 15.5% wage hike.
Singapore banks’ interest rates will remain elevated until Q3: analyst
DBS and OCBC are expected to provide dividend yield of 7.4% and 6.5%.
Malaysian authorities probing service outages in two local banks
The banks are required to give a full explanation of what led to the incidents.
Citi names Janus Wu as IPB head for Hong Kong
Wu, who was Shenzhen branch manager, has relocated to Hong Kong.
Citi Hong Kong unveils mobile account lock feature
Customers can temporarily disable access to transaction services via the app.
Ant Group seeks to boost foreign payment accessibility in China
The group plans to expand bilingual support, amongst other enhancements.
Payments platform dLocal, Papaya Global team up to improve payroll processes
The partnership is live in Indonesia and Vietnam.
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