News
Malaysia's bid for BRICS membership to spur banking overhaul
Malaysia's bid for BRICS membership to spur banking overhaul
However, challenges abound when moving away from U.S. and SWIFT reliance.
BofA names Winnie Chen as head of APAC global payments solutions
Chen will begin her duties in September 2024.
Malaysia launches amended Money Services Business Act
It clarifies offenses and the punishment for illegal operators.
HashKey OTC gets Singapore license to offer DPT services
It previously operated under an exemption.
South Korea’s deposit, loan interest rates dip in June
Average interest rates for new and outstanding loans and deposits fell.
Norinchukin Bank redeeming over $4.6b of perpetual loans
The redemption is part of the bank's efforts to improve its investment portfolio.
Malaysia raids 12 premises for suspected financial offences
A total of 92 bank accounts were frozen.
Japan’s Norinchukin reports profit loss of $2.75b in Q1
It attributed the loss to low-yielding asset sales, part of its portfolio improvement efforts.
Higher profits propel Mizuho’s net income to 44% rise in Q1
Credit-related costs fell 28.7% during the first three months of FY2024.
MUFG invests $393m in PH superapp GCash’s parent company
Globe Fintech Innovations operates GCash and Fuse Lending.
India’s HDFC Bank warns against fraudulent trading platforms
Fraudsters would make fake platforms and apps showing fake returns.
Record total income lifts OCBC’s net profit to S$3.93b in H1
Interim dividend for the period is 44 cents, an increase of 4 cents.
HDBank’s net profit up 48.9% to $324.47, in H1
Deposits in its digital banking channels have risen five-fold in a year.
Payments platform PingPong obtains PJP license in Indonesia
PingPong eyes expanding into the country’s $320b export market.
ZA Bank enables users to earn 8% p.a. Savings rate by walking daily
Users must complete fitness challenges in August.
RHB announces 4 new senior appointments
Mohamad Bin Rastam Shahrom is the new group CFO.
UOB’s net profit stable at S$2.91b in H1; interim dividend is 88 cents
Income growth and lower allowances were offset by one-off integration costs.
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