News

DBS launches bond portfolio managed by BlackRock

DBS launches bond portfolio managed by BlackRock

Customers can invest for a minimum of $1,000 and a 0.6% annual management fee.

How CIMB used automation to raise staff productivity

CIMB automated 10 processes in 2023, equal to 17,000 man-hour savings. 

HSBC, SBF to help Singapore businesses scale GBA, India, Middle East

HSBC launched a business guide and will offer net zero transition solutions.

PH central bank welcomes new anti-financial account scamming law

It authorises the BSP to investigate cases violating law, amongst others.

Techcombank’s pre-tax profits up 38.6% in H1

The bank added nearly 1 million new customers in Q2.

Philippine central bank rolls out Intraday Settlement Facility

The ISF is designed to support a paperless process.

Citi names Ed Huntsman as head of financing, markets for Asian markets

Huntsman will remain global head of financing for spread products.

MUFG, subsidiaries submits business improvement plans to authorities

MUFG also apologised to its customers and stakeholders.

RCBC unable to sustain improved capital amidst bad loans: Moody’s

Its NPL ratio is “one of the weakest” amongst its domestic peers, Moody’s said.

KPay merchants can now accept payments from HSBC’s PayMe app

Over 33,000 merchants in KPay’s Hong Kong network can now accept PayMe payments.

OCBC unveils next-generation programme for wealthy customers

An estimated $2.5t in intergenerational wealth will be passed to the next gen by 2030.

Airwallex clinches retail investment license in Australia

It will now be able to offer its Airwallex Yield product to the wider retail market.

MAS “closely monitoring” global IT outage

Major banks reported little to no impact to customers and key operations.

GoTyme Bank added 1.7 million new customers in H1

It now holds a total of $281.21m (PHP17b) in deposits.

StashAway launches fixed-income Income Investing

It has a 5.51% per annum yield maturity.

ZA Bank rolls out reserve banking services to stablecoin issuers

It has on boarded RD InnoTech and is onboarding 10 other issuers.

Standard Chartered bolsters private banking team in Hong Kong

Two managing directors and three executive directors are joining the team.