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DBS to hire over 500 young talent in 2026 amidst AI push
DBS to hire over 500 young talent in 2026 amidst AI push
The Singaporean bank will hire 112 management associates and 400 interns in 2026.
JCB cards accepted on Hong Kong's Wonder Taxi
Acceptance is also extended to minibuses.
Mizuho clarifies ‘no decision yet’ on Rakuten Bank investment
Rakuten Bank said that Mizuho “has not made any decision” regarding the investment.
National Australia Bank buys A2A payment company Banked
NAB will fully integrate Banked in the coming months.
ASIC holds $1.93b in unclaimed funds from old financial accounts
The largest single amount currently unclaimed is around $927,000 (A$1.3m).
Citi promotes Sutida Tambunlertchai to head commercial banking in Thailand
Citi has announced a slew of appointments over the past month.
Danamon and MUFG Indonesia explore potential integration by 2027
The integrated bank will remain a consolidated subsidiary of MUFG Bank.
Philippine cash remittances up 2.8% to $8.68b in Q1
The US remains the top source of cash remittance.
BSN eyes retail and gold to push beyond mortgage-heavy roots
It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
SMFG logs record profit of $10.02b in FY3/2026
The Japanese megabank aims for a $10.7b net profit for FY3/2027.
SMFG launches shareholder benefit program ahead of 2-for-1 stock split
They will be granted up to JPY30,000 worth of rewards points, amongst other perks.
Raise Financial acquires GILB in $15m bet to build direct insurance platform
Raise said that it has received all required regulatory approvals to acquire GIBL.
Insurance growth strains trust at claims stage
Claims delays reshape customer loyalty patterns in Indonesia insurance sector.
Indonesia's financial sector urged to shift from expansion to resilience
The country’s 5% growth is no longer a green light for risk-taking, an economist warns.
Citi targets APAC insurance investments with new senior hires
They have poached two BofA bankers to help lead its FIG group.
Banks and insurers must chase AI value creation, not cost savings
They should consider AI as an operating system by itself, not whether it can write them a system.
Margin pressure forces banks off board-rate deposit pricing
Deposit pricing strategies shift as competition tightens funding conditions.
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