Investment Banking
HSBC’s profits rise in FY2024; total dividend is $0.87
HSBC’s profits rise in FY2024; total dividend is $0.87
The fourth interim dividend is $0.36 per share.
Citi appoints Christie Chang as CEO for Taiwan
She succeeds Aftab Ahmed, who retires after 50 years with Citi.
BNP Paribas net income rises 4.1% to $12b in FY 2024
Revenues during the period saw $50.78b.
UBS net earnings dwindles to $5.1b in FY 2024, revenues up globally
Asia operations pencilled a profit before tax of $271m
Malaysia fines AmBank for investment transaction breaches
AmBank failed to obtain approval for the transactions, the BNM said.
Deutsche Bank bullish on tech-driven sectors
Although, geopolitical tensions and trade policy shifts likely to add further uncertainty.
Barclays enhances APAC equities team with new head
He will be based in Hong Kong.
DBS welcomes deepening financial market ties between Hong Kong, China
It will broaden overseas investment channels for mainland institutional investors, a DBS managing director said.
Banks urged to expand focus to transition finance for zero-carbon future
Up to a US$17t annual funding gap exists.
Top 25 banks’ market cap rises 27.1% in Q4 2024
ICBC is APAC’s top bank in terms of market cap; DBS rises to 23rd spot.
South Korea to unveil guidelines for short-selling
It plans to expand the English DART and Open DART services in January.
China’s investment banking fees fall to lowest in 5 years
Only DCM underwriting fees saw growth.
Financials sector tops Asia Pacific ex. Japan M&A: LSEG
Industrials and high technology sectors were also active in 2024
APAC investment banking fees drop to lowest in 5 years
Its total ECM underwriting fees were its lowest since 2013.
OCBC launches bespoke tokenised bonds for corporate investors
They can subscribe to tokens at S$1,000 denominations, for example.
Chinese banks set up offices at Dubai International Financial Centre
About 8 banks from China now have locations in the financial centre.
Weekly Global News Wrap: China, HK regulators to boost offshore listings, Crédit Agricole to raise stake in Banco BPM
And Google Payment Corp. is under federal supervision over risks to consumers.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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Why high capital levels are a double-edged sword for Singapore banks