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The prohibition order for Zheng Xuemei has been reduced to one year.

The firms were previously in talks for a possible $3b sales of SCB Life Insurance.

OCBC’s app will automatically launch once customers select their meals.

It will also launch its withdrawal services by Q2.

SC Ventures Fintech Bridge will link the bank with promising startups, investors and accelerators.

Stacy is available on mobile app and in StanChart's website.

Mortgages will grow to mid-single-digit in 2019 from 4.3% in 2018.

More than 29 asset reconstruction companies have been set up after 2002.

Users can avail of lower fees for foreign currency exchange than credit card or cash.

It aims to launch the Voltron platform to rapidly streamline trade financing.

RCBC thinks that the Bangladesh Bank should pay them at least $1.90m in damages and another $570,000 to its senior VP for similar damages.

The offering has a subscription rate of 2.7 times from asset managers and commercial bank investors.

It marks its 20th branch in the state.

Gabriel Tam was named as Asia head of UNHW solutions.

It holds the unenviable distinction as the bank with the worst-bad loan ratio.

It is the 12th foreign lender to secure a license after the country loosened up the industry to global players. The Industrial and Commercial Bank of China (ICBC) commenced its operations in the Philippines two months after it secured its license from the Bangko Sentral ng Pilipinas (BSP), reports BusinessWorld. Located in Taguig, Metro Manila, the branch started its operation after registering with the Securities and Exchange Commission in August and securing a banking license from the central bank in November. Following the law passed in 2014 which loosens up local banking to global players, ICBC is the 12th foreign lender to secure a license from the central bank to start operations in the Philippines. The lender is also the first China bank to set up operations in the country after the Bank of China’s kickoff back in 2002. ICBC’s Manila venture comes amidst warmer trade ties between China and the Philippines after President Rodrigo Duterte’s announcement of a ‘pivot’ towards China during his Beijing visit in 2016.