News
Citi TTS names Kanika Thakur as head of corporate, commercial & public sector sales
Citi TTS names Kanika Thakur as head of corporate, commercial & public sector sales
She was previously head of trade for Asia Pacific.
BNPL code launched, outstanding payments limited to S$2,000 without credit assessment
Consumers are now entitled to make full repayment without early repayment fees.
1 in 3 private home mortgages under a floating rate: MAS
For HDBs, that’s just 1 in 5 loans extended by financial institutions.
OCBC appoints Sunny Quek as head of global consumer financial services
He will lead the bank’s banking and wealth business in Singapore.
Standard Chartered taps ex-Citi head of markets as global head of international banking
James Lye will begin his role on 1 November.
Digital wealth platform Syfe launches Cash+ in Hong Kong
It offers 3.5% projected yield per annum, and interest accrued on a daily basis.
Mastercard offers up to HK$140 in rebates for new KeyChain Pay users
Current users can enjoy a 28% discount on the transaction fee.
UOB launches expanded U-Solar programme in Singapore
U-Solar 2.0 will be rolled out in Malaysia, Thailand, and Indonesia in Q1 2023.
ZA Bank unveils USD funds
Subscription fees waived until the end of the year.
Singaporeans still keen on ATMs, branch banking: study
3 in 4 Singaporeans still frequently use ATMs.
DBS offers SMEs up to S$300,000 financing with DBS Quick Finance
Customers can choose between an overdraft or a loan.
JP Morgan names India corporate banking head as interim India CEO
PD Singh has served as corporate banking head since 2021.
OCBC reveal employee-run community farm in Central Business District
\It is expected to produce 140 kgs of vegetables annually.
J.P. Morgan names Navin Wadhwani as India’s head of investment
He joins from Indian conglomerate Reliance Industries.
J.P. Morgan appoints Madhav Kalyan as head of Asia Pacific payments
Kalyan succeeds Sridhar Kanthadai.
Kakao Bank, Kakao Pay shares tumble as fire disrupts services: report
All services under Kakao were severely affected by the data center fire.
South Korea’s bank loans fall by $834m in September: report
The rise in banks’ lending rates contributed to the fall.
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1. OCBC starts AI stock adviser using data on 4,000 stocks 2. Aussie banks launch digital locks versus online fraud 3. UOB reports flat net profit growth in Q1 despite record fee income 4. J.P. Morgan unveils automated cross-currency payment collection and settling service 5. Bangkok Bank connects with China’s fund transfer networkResource Center
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Productive sectors need more capital to stimulate the slowing economy.
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The Asian connection: China's path to sustainable growth