News
South Korea daily FX turnover hit all-time high in Q1
South Korea daily FX turnover hit all-time high in Q1
Increased demand for cross-border transactions of securities drove the growth.
BOCHK welcomes Swap Connect launch
The scheme would propel participation from investors and accelerate RMB internationalisation.
Hong Kong, Mainland tie up for mutual access interest rate swap markets
This will allow overseas investors from HK and others to trade in the Mainland market.
UOB Hong Kong inks MOU with SGS for sustainable finance
The partnership will help companies seeking to adopt sustainable practices and move towards a net-zero future.
Manappuram Finance reputation at risk amidst invention
The Indian NBFC may be facing money laundering investigations.
Dah Sing Bank raises deposit rate and prime rate
The deposit rate is now 0.75% per annum.
DBS imposed with $1.6b additional capital requirements for service disruptions
Total additional regulatory capital has now reached about S$1.6b (US$1.2b).
Landmark receives payment license in Singapore
It began its operations after acquiring the license.
Hang Seng Bank warns of fraudulent facebook account
The bank said that it will never ask customers to give their personal information through embedded links.
Amanda Lee named APAC head of third party manager solutions for Citi
All of Citi’s mutual fund sales team members in the region report to her.
HSBC study: What type of wealth succession do Chinese entrepreneurs prefer?
56% of the surveyed hope to achieve risk isolation through family trusts.
BOCHK raises prime lending rate to 5.75%
The HKD savings deposit rate was also adjusted.
Hang Seng Bank changes its board composition
Michael Wu Wei Kuo retired as the Independent Non-executive Director.
Michael Wu takes final bow as Hang Seng Bank's Non-executive director
He also retired as chairman and member of some of the bank's committees.
Improved mortgages to support ANZ’s earnings over the next two years
Net interest margin improved 7bps in the six months ending 31 March 2023.
Australia’s Macquarie Bank’s earnings to rise by retail banking business: S&P
The bank’s parent company will also enjoy income growth from outside Australia.
Bank of East Asia raises standard savings rate to 0.75% pa
It will take effect on Monday, 8 May.
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