News
BSP approves releasable capital buffer to keep lending in downturns
BSP approves releasable capital buffer to keep lending in downturns
The PN-CCyB designates 1.5% of banks’ CET1 as a releasable buffer.
17 hours ago
Citi streamlines ETF orders for APAC clients as regional assets hit $1.81t
Direct integration heightens efficiency as clients no longer need to reconcile on multiple and separate platforms.
17 hours ago
HSBC Private Bank names Edward Chiu as onshore Taiwan market head
Chiu has led the Premier Elite business of HSBC Taiwan since 2024.
17 hours ago
BNPL market to hit $1.6t by 2034 on e-commerce and smartphone surge
The interest-free BNPL segment is expected to hit a CAGR of 23% through 2034.
1 day ago
Hyundai Card debuts Apple Pay debit card
It enables users to pay by tapping their iPhone or Apple Watch.
1 day ago
SMBC and Toshiba build quantum-driven Japan and US equity indices
Stocks will be chosen and weighted using Toshiba’s quantum computer.
1 day ago
Westpac lends A$1b to 2,100 women entrepreneurs over 3 years
Women-led businesses are starting and scaling up across Australia, said Westpac’s Paul Fowler.
1 day ago
CommBank names UNSW’s Mary-Anne Williams as chief AI strategist
Wiliams will lead CommBank’s team of AI scientists.
1 day ago
NAB refreshes app and internet banking
Around 98% of banking interactions in NAB are digital.
1 day ago
Grab takes control of Indonesia’s Superbank via GXS transfer
The transfer will increase the group’s stake in the bank to over 50%.
1 day ago
Mizuho Bank to become major shareholder of Rakuten Bank
Rakuten Bank may acquire corporate loans originated by Mizuho Bank, amongst others.
2 days ago
MAS revokes BSQ payment licence over false disclosures and risk failures
BSQ provided false or misleading in material particulars, MAS said.
2 days ago
GXS Bank and Lion Global launch exclusive multi-asset fund
The fund has a “medium to high” risk level and is exclusively available at GXS Invest for now.
2 days ago
MUFG trims bond portfolio to limit losses but earnings slowdown looms
Its earnings growth is expected to slow to 5% from fiscal 2027.
2 days ago
Australia fines Snaffle A$33.5m as 38,000 contracts overcharged
Snaffle’s pricing charged between 88% and 103% in rates, over the 48% rate cap.
2 days ago
HK banks to gain on IPO surge and stabilising property market
IPO applications in Hong Kong surged 61% in April compared to March.
2 days ago
Citi Korea posts strongest Q1 since 2018 as net income surges 61%
Total revenues and net income rose by 23% and 61%, respectively.
3 days ago
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Event News
It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Built to last: How Japan is approaching the cross-border payments challenge
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance