News
Hong Kong’s ZA Bank to roll out US stock trading services
Hong Kong’s ZA Bank to roll out US stock trading services
The Hong Kong SFC has lifted previous conditions to the bank's securities license.
Maybank profits up 21% to $1.48b in 9M 2023
Profit before tax is up 14.4% in the first nine months of the year.
Kasikornbank increases stake in Indonesia’s Bank Maspion to 84.55%
The Thai bank is injecting an additional US$226m in Bank Maspion.
Weekly Global News Wrap: State-owned Russian bank files lawsuit against JP Morgan; Morgan Stanely names new wealth management head
And minority- and women- owned investment banks are making small waves in Wall Street.
CIMB Singapore announces 2.88% interest rate for CIMB BusinessGo
There are no minimum fall-below fees until 31 January 2024.
Citi names new senior leaders for Asian banking clusters
Leadership changes abound for its investment banking and corporate banking businesses.
Thai banks’ profits improve in Q3, but bad loans also rose
Authorities to monitor debt serviceability of SMEs and households.
Digital loan platform Lendela secures $5m in funding round
Chocolate Ventures and Cocoon Capital led the round.
UOB, Visa, SG fintech Doxa to facilitate quicker payments for contractors
JTC and Kimly have joined the trials in the Doxa Connex platform to simulate payments.
Mastercard can commence domestic bankcard clearing activity in China
This follows after authorities first approved Mastercard NUCC’s application in 2020.
Bank of China HK disables screen capture, recording on Android apps
This was due to a rise of malware scams.
Maybank opens Islamic wealth management hub in Singapore
It will offer end-to-end Islamic wealth solutions.
Mastercard, NEC to offer in-store biometric payments in APAC
This follows Mastercard’s Biometric Checkout Program, launched in Brazil in 2022.
Singapore, Indonesia launch cross-border QR payment linkage
Customers can now pay with the QRIS and NETS QR offered in the two countries.
Citi completes sale of Indonesia consumer business to UOB
This marks Citi’s ninth and final full consumer divestiture in Asia.
OCBC to acquire Indonesia’s Bank Commonwealth for $191.4m
PT Bank OCBC bought almost 100% shares in PT Bank Commonwealth.
FinTech industry poised for huge change thanks to AI: MAS
The festival will address both the promises and pitfalls of AI in the financial industry.
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The Asian connection: China's path to sustainable growth