News
HSBC names ex-Citi banker as head of global banking in Singapore
Gilbert Ng has experience in corporate finance and risk management.
HSBC names ex-Citi banker as head of global banking in Singapore
Gilbert Ng has experience in corporate finance and risk management.
HKMA warns of prolonged high interbank rates
The central bank issued the warning post unchanged US fed funds rate at 5.25-5.5%.
Higher costs and deteriorating loans slow BRI’s profit growth
Cost of capital rose 144 basis points in Q1.
No adverse effects on NAB’s capital after billion-dollar share buyback
Its core capital ratio remains at 11.75%, well-above the target range.
DBS achieves record-high Q1 profit of S$2.96b
Dividend is SGD 54 cents per share for the quarter.
Malaysia’s credit, charge card market value grows to $50.5b in 2024
Credit and charge cards make up 60% of all card payments in the country.
OCBC completes buy of PT Commonwealth Bank Indonesia
Full integration is targeted for Q4 2024.
India's urban e-commerce thriving amidst economic challenges: report
Pandemic-induced restrictions accelerated the adoption of e-commerce.
MAS not extending pause on DBS’ non-essential activities
DBS will still keep the 1.8x multiplier in risk weighted assets, however.
Transport Minister Chee Hong Tat joins MAS Board of Directors
Chee will serve three years from 1 June to 31 May 2027.
Hang Seng Bank floats Q1 dividend of HK$1.2 per share
The payment date is set for 6 June.
HSBC’s profit dips to $12.7b in Q1; special dividend after Canada sale
A first interim dividend of $0.1 per share has been approved by the board.
Indonesian banks tout sound profitability and capitalisation
Only a fraction of restructured loans will become bad loans, Fitch said.
Depositors ‘flight to safety’ to benefit China Merchants Bank
Focus on wealth and deposits over loans has boosted its liquidity.
Japanese banks back fund to develop space industry
SMBC, MUFG, and Mizuho Bank are all named limited partners.
India changes criteria for small banks seeking to be universal banks
Net worth lowered, but must be profitable in the past two years.
Alipay+ enables 14 foreign e-wallets to pay in Hong Kong
About 90% of HK merchants now accept payments using foreign e-wallets.
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The Bank of Thailand is eyeing to expand connectivity with more countries.
The Bank of Thailand is eyeing to expand connectivity with more countries.
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Generative AI’s role in the evolution of banking