Markets

Central American development bank to open Seoul office: report

The bank has the goal of opening the office within 2021.

Growing exodus of junior bankers poses talent shortage for banks in Asia: report

Even raises of up to 30% has failed to stop junior investment bankers from leaving.

Hana Financial clinches prelim nod to set up asset manager in Singapore

The group said that its entry in Singapore is a springboard to expanding globally.

Balancing regulatory drivers and customer experience in financial institutions

The event will bring together experts from LexisNexis Risk Solutions and the city’s leading financial players.

China’s Huarong likely to receive extraordinary government support: S&P

This also bodes well for its overseas bond issuer Huarong International.

India, Philippines banks in trouble amidst renewed infection surge

Emerging banks in Asia continue to be in a tough operating environment, says Fitch.

Bank of Korea to carry out mock test on functionality of digital currency: report

The test will reportedly start in August and run until June 2022.

Indonesia mulls digital rupiah: report

The central bank is looking at how it will help monetary policy goals.

Global banks on a hiring craze as they vie for rich Asians’ assets

HSBC, Goldman Sachs, and Citi are all eyeing a piece of the region's trillion-dollar financial market.

China injects $15.5b cash into the financial system to maintain liquidity: report

The nation’s top leaders recently described economic recovery as “unbalanced and unstable.”

China’s digital currency fails to excite locals: report

Chinese people showed little interest in switching from mobile payment systems of Ant, Tencent.

Singapore's finance sector to create 6,500 jobs in 2021: regulator

Approximately 6,000 of these new jobs are permanent positions.

Alternative Benchmarks for the New Normal

 Latest Trends in LIBOR Transitions in Japan

Singapore, Thailand launch real time cross-border payments system

Participating banks’ clients will be able to transfer up to S$1,000 or THB25,000 daily.

HSBC stokes discontent amongst senior staff with pivot to Asia: report

Senior bankers reportedly expect friction with the regional chief, sources said.