News
UOB acknowledges penalty for anti-money laundering breaches
UOB acknowledges penalty for anti-money laundering breaches
Two of its employees were reprimanded, it said in an SGX statement.
Six banks penalized in Singapore for AML breaches
Credit Suisse’s fine also accounts for separate breaches related to US customer accounts.
Tokenisation of bank assets could boost liquidity and risk management in FX
But the industry must address the potential fragmentation of the liquidity pool.
Malaysia’s banks log 5.3% loan growth in May with construction boost
This was offset by a slight decelration in working capital loans, said UOB Kay Hian.
Australia’s big four banks' fossil fuel exposure remain in billions
They are exposed to methane emissions, which they do not measure separately.
APAC credit limit approval rates steady at 81%
Trade has slowed globally with subdued investment and spending, Aon said.
PAObank extends 16% rate promo on HKD time deposits to July 31
The first HK$50,000 time deposit will enjoy the promo rate.
EXIM India has strong solvency, although capital to moderate
It will enjoy strong funding access due to its government affiliation.
AusPayNet launches public consultation on account-to-account payments
They aim to identify current and future payment needs and expectations of users.
UOB signs MoUs to support business expansion across ASEAN
These partnerships aim to enhance trade, investment, and the internationalisation of Singapore enterprises.
Singapore fraud losses rise as APP scams take over
The report revealed human-initiated attacks in Singapore surged by 30% YoY, even as automated bot attacks declined by 27%.
Aussie banks welcome confirmation of payee system
It will check if the account names and numbers entered by the payer.
APAC syndicated lending dip 3.39% to $241.48b on lower deal volumes
Syndicated loans in H1 fell to its lowest six-month tally in 3 years.
Bangkok Bank, Permata Bank reiterates support for Thai investors entering Indonesia
Bangkok Bank, Permata Bank reiterates support for Thai investors entering Indonesia
Top Philippine banks’ strong capitalisation, liquidity a buffer for macro risks
Provisioning costs are expected to remain elevated as they expand their consumer loan books.
Standard Chartered faces legal battle over $2.7b fraud claims in 1MDB case
The liquidators alleged that it permitted over 100 transfers related to the scandal.
OCBC app enables text resizing in English and Mandarin
About 70% of app screens have been covered in the initial rollout.
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