News
Asian Banking & Finance Awards 2024 opens nominations for outstanding banks, finance companies
Asian Banking & Finance Awards 2024 opens nominations for outstanding banks, finance companies
Financial institutions may send their entries to the Wholesale Banking Awards, Retail Banking Awards, and Corporate and Investment Banking Awards until 3 May 2024.
NETS replacing FlashPay Cards with Prepaid Cards
NETS FlashPay Cards can be exchanged for NETS Prepaid Cards at any 44 SimplyGo Ticket Offices.
HSBC launches Premier Elite for high-value customers
The bank collaborated with actor and director Stephen Fung for its launch campaign.
Hang Seng Bank warns against fake mobile investment app
The app falsely uses the Hang Seng Bank logo.
Banking sector leverages Gen AI for enhanced productivity
Banking industry is expected to reap $200 to $340 billion USD largely by using generative AI to increase productivity.
South Korean banks’ bad loans ratio up in October
The proportion of bad loans rose whilst resolved loans decreased by around US$1.29b.
Malaysian banks see corporate, household loan growth in November
Outstanding loans extended to SMEs expanded by 7.9% during the month.
Philippine central bank amends policy on bounced checks
It has also reintroduced the Intraday Settlement Facility for banks.
ZA Bank rolls out tax loan, offers cash rewards
Even unsuccessful loan applicants can receive a reward.
Singapore warns of scammers impersonating central bank officers
About 41 individuals have fallen victim to scammers, with $2.6m in losses.
It's the most wonderful time of the year for ABF!
Asian Banking & Finance will be back on 8 January 2024.
SCB names ex-Citi banker as new SVP and chief wholesale banking officer
Parksuwan has worked for Citi Thailand and HSBC Bank Thailand.
MUFJ to buy Aussie pension company Link Group
The Japanese banking giant is acquiring 100% of issued shares of Link Group.
Mizuho introduces new medium-term targets for financed emmissions
The new targets are in the automotive and maritime transport sectors.
Weekly Global News Wrap: Citi to exit distressed-debt trading business; Korea seeks to fine HSBC, BNP Paribas
And Germany seizes $790m from the bank account of a Russian financial institution.
Korean central bank inks deal to develop system for testing CBDCs
LG CNS Co. will develop a set of systems for the test.
StanChart SG onboards 10,000 clients in SC Inner Circle
These clients deliver feedback and insights on initiatives and products.
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