News
Australia’s P&N Bank scraps proposed merger with Beyond Bank
Australia’s P&N Bank scraps proposed merger with Beyond Bank
The merged entity would have been worth about $23.8b.
MAS, IBF working on gen AI job impact map
Separately, the IBF has given out skills badges to 3,000 professionals.
Singapore’s financial sector employment rose 4,800 in 2023
The financial sector made up 14% of Singapore’s GDP in 2023.
Labour force upskilling needed as SG nears 'super-aged' status
The future growth must be productivity-led, said DPM Gan Kim Yong.
SCB taps Baker & McKenzie for inheritance asset legal support
The partnership aims to provide clients with legal and tax advisory services.
Is the BNPL market really booming?
BNPL faces consolidation due to rising rates, while growth continues in emerging markets.
Cambodian banks breach covenants as bad loans surge
ACLEDA, Hattha Bank, and LOLC have all breached their covenants.
GXS Bank launches term deposit product Boost Pocket
It is currently on offer with an interest rate of up to 3.48% per annum.
Revolving credit on Taiwan credit cards dips in July
This is despite the total active cards rising to 38.36 million.
Bank Danamon struggles with credit costs due to subsidiary challenges
Credit costs rose to 2.8% in H1 2024.
Tottenham Hotspur taps Ant International as global payment solutions, digital wallet partner
The partnership will also incorporate associated brands Alipay+, WorldFirst, and Antom.
Crypto ownership down to 26% despite resilience
However, 23% are likely to reenter the market.
Japan, Korea financial authorities hold in-person bilateral meeting
The two exchanged views about developments in their financial sectors.
South Korea’s household loans expand by $7.32b in August
There were “strong housing market activities” in the Seoul metropolitan area.
Australia’s planned AT1 phase out to have little impact on banks
If pushed through, the CET1 minimum requirement will rise to 10.50%.
Chinese small bank M&As to ramp up: Fitch
The lack of large banks in the mergers is to avoid contagion risks.
Malaysia, UK tout Islamic finance to bridge green funding gap
Islamic finance’s framework naturally aligns with social finance, an official said.
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