News
DBS appoints sustainability leader to drive Asia’s low-carbon push
DBS appoints sustainability leader to drive Asia’s low-carbon push
Kelvin Wong will serve as Chief Sustainability Officer, starting 11 May.
Malaysian digital banks scale via savings habits and customer segmentation
Some customers aim to save 60 ringgit a week, according to GXBank data.
Taiwan banks’ loans and NPLs up in February
The NPL ratio was the same as in January, but 0.01 ppt lower than in February 2025.
Weekly Global News Wrap: Julius Baer seeks new CFO; UniCredit mulls liquidating Russia unit
And an RBI official criticized FX market makers for aggravating the rupee’s weakness, according to a report.
Standard Chartered JV to issue HKDAP stablecoin starting Q2 2026
Anchorpoint will adopt a B2B2C model.
HSBC to roll out HKD-denominated stablecoins in H2 2026
The HKMA granted HSBC a stablecoin issuer licence.
DBP with ‘stable’ outlook on expected healthy PH economic growth: S&P
It is “almost certain” to receive support from the government if needed.
Union Bank of the Philippines revises credit card rewards scheme
Select credit cards earn 1 point for every PHP150 spent, from 1 per PHP60 previously.
Australia’s CommBank enables e-Passports for bank account opening
Around 700,000 new customers join the bank yearly.
SMFG completes acquisition of US-based Air Lease Corporation
Sumitomo Corporation now holds 47.51% of voting rights.
Bank of Singapore names Vi Sun Yang as head of ASEAN private banking
She will lead the bank’s largest market and join the global management committee.
LionGlobal Singapore Trust Fund hits $1.25b AUM benchmark
OCBC contributed $600m in net inflows in March.
OCBC scales regional SME support with S$25b sustainable finance goal
The company aims to support 12,000 SMEs across Singapore, Malaysia, Hong Kong and Indonesia.
CIMB commits to private wealth push across Malaysia and ASEAN
It aims to use wealth revenue to sustain a NOII contribution of 33% to 34%.
CIMB offers up to 6-month relief for customers hit by Middle East conflict
Business customers can access customised restructuring and rescheduling solutions.
Krungthai Bank launches US dollar bond wallet on Paotang app
The minimum investment is US$1,000.
Krungsri names Kohei Omori as head of Japanese corporate banking
He headed the corporate banking division in the US Midwest.
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1. OCBC to acquire $6.6b HSBC Indonesia wealth, retail banking business 2. Citi hires StanChart veteran to lead Hong Kong corporate banking 3. DBS’ net profit up 1% to S$2.93b in Q1 on record total income 4. Standard Chartered sets up AI lab to test banking use cases 5. DeeMoney CEO says trust will beat acquisitionResource Center
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CEO Phlaphongphanich said the industry is measuring the wrong things.
Commentary
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Perth is emerging as an unlikely testbed for the future of global finance
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