Markets
Risks for Sri Lankan banks may rise when ISB investment suspension lifts: Fitch
Even with the suspension lifted, banks will still have difficulties accessing foreign currency funding.
Risks for Sri Lankan banks may rise when ISB investment suspension lifts: Fitch
Even with the suspension lifted, banks will still have difficulties accessing foreign currency funding.
UOB invests $200m in digital innovation, aims to double wealth fee income by 2025
The bank has launched SimpleInvest, where clients can begin investing for as low as $100.
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.
Qatar National Bank continues to be largest bank in MEA: S&P
It is also the 100th biggest bank globally.
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.
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1. Zed challenges banking norms with no interest, forward-looking credit card 2. Citi names Amit Dhawan as head of CCB Singapore 3. StanChart joins Visa’s B2B Connect to enhance cross-border payments 4. Hang Seng Bank warns against phishing email 5. Fintech Qashier clinches in-principle approval for a MPI license from MASAwards
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