APAC
Citi sees higher markets-related business in Asia from global investors
Citi sees higher markets-related business in Asia from global investors
Client activity with the bank’s international corporate clients to the Asia market is up 12% in the first three quarters of 2024.
Payments’ revenue to grow by $700b in the next five years
APAC accounted for $1.1t of payments revenue as of 2023.
JP Morgan, UBS named top M&A financial advisers in APAC
They ranked number one in terms of value and volume of M&As in 9M 2024.
BofA launches guaranteed FX rates with up to a 1-year tenor
The 1-year tenor is available in 37 currency pairs.
Swift to launch AI fraud detection service in 2025
Global fraud in financial services is estimated to have cost $485b in 2023.
BNY partners with Mizuho to boost trade
It seeks to reduce the complexities and costs associated with cross-border transactions.
Banks face value creation challenge despite record revenues
Declining interest rates and mixed record on productivity growth keep markets skeptical.
Japan and Indonesia renew their bilateral swap agreement
The size of the BSA is up to $22.76b or its equivalent Japanese yen.
ING names Uday Sareen as APAC chief exec and head of wholesale banking
He first joined ING in 2007.
Standard Chartered launches digital request quote module Autoquote
Clients can request pricing quotations and get responses digitally.
Citi, Mastercard launch global cross-border payments
It will be available in 14 markets worldwide, with plans for further expansion.
Citi launches Token Services for Cash for institutional clients
It is expected to facilitate multi-million dollar cross-border liquidity and payments.
Why banks will be ‘invisible’ by 2030
They either become the platform or willingly lose their brand visibility.
India and Maldives ink currency swap agreement
The agreement is valid until June 2027.
Finance sector marketing budgets under pressure in 2024 amidst disruptions
Marketing expert tells three strategic approaches for turbulent times.
Mongolian banks enjoy improved governance and asset quality
The listing of D-SIBS in 2022 has improved disclosure and asset quality.
Asian businesses brace for stricter lending standards— survey
Over half of respondents said that lending standards will become more restrictive.
Commentary
Why APAC banks must rethink their approach to the cost reduction challenge
Thailand backs major conglomerates for digital banks but risks stifling innovation