News
Failed P&N-CUA merger won’t slow Aussie mutual bank consolidations: S&P
Failed P&N-CUA merger won’t slow Aussie mutual bank consolidations: S&P
The two banks are expected to continue seeking consolidations.
PNL and Great Southern Bank scrap merger
The two Australian banks’ boards agreed to terminate their MOU.
Citi rolls out evergreen private market funds for HNW clients
It has partnered with Blackstone, Blue Owl, and KKR to launch the funds.
Standard Chartered names Ryan Song as head of M&A in Korea
He is expected to help grow the bank’s M&A advisory business in the region.
MUFG Bank invests in GLIN Impact Capital 2 to back ESG growth
The investment aligns with the bank’s medium-term business strategy.
LSEG expands China reach with ICBC deal
The MoU covers RMB services, trading, clearing, and FTSE Russell
CLP Power and HSBC launch first ESG-linked supply chain finance deal
ESG-linked terms tie funding to emissions metrics.
South Korea regulator widens responsibilities maps from insurers to savings banks
FSC invites $0.49b savings banks into pilot ahead of 2 July 2026.
QBE deal expands as Malayan embeds add-on into RCBC auto loans
Paramount Life and General Insurance Corporation acts as the local partner in the Philippines.
BEA signs UN responsible banking pact
The principles are supported by over 360 banks globally.
Weekly Global News Wrap: Stablecoins threaten $500b in deposits; Italy funds bank rescue
And about 100 jobs in Metro Bank are at risk.
Japan Post Bank merges investment arms to form new asset manager
JP Asset Management will be the surviving entity.
South Korean bank delinquencies hit 0.6% with SMEs hit hardest
Volume of newly delinquent loans shrank whilst resolved loans rose.
Korea’s outstanding deposit rate fell in December whilst loan rates climbed
Rates for new deposits rose during the month.
South Korea rewrites bank loan-deposit rules to push regional lending
Regulators plan to upgrade rules and provide incentives to improve regional banks’ competitiveness.
UnionPay links 25 foreign wallets to Weixin Pay as China QR use surges
Global travellers can use domestic cards on Weixin Pay QR network
Motilal Oswal profit skyrockets 65% on record operating surge
The India financial services company saw asset and private wealth growth.
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