News
Standard Chartered unveils digital trade portal Trade Track-It
Standard Chartered unveils digital trade portal Trade Track-It
Customers can track vessels and check sustainability compliance.
Bank of China HK warns of fake website
It has already been reported to the HKMA and the local police force.
Sumitomo Mitsui securities unit suspended from block trading for 3 months
SMBC Nikko employees were suspected of conducting illegal stabilization transactions.
Mizuho Securities buys 19.99% of Rakuten Securities’ common stock
The two have also signed a shareholder agreement.
DBS unveils tech apprenticeship programme for polytechnic students
It will take in 20 students this year to start and later expand across all 5 polytechnics in SG.
Islamic banks must boost market share before any “radical” changes: analysts
But an abolition of the fractional reserve banking system may be a good idea.
India’s Kotak Mahindra Bank unifies corporate banking portal with Finastra
The bank plans to add payments and collections services by end-2022.
BPI cements market position with Robinsons Bank merger: analyst
Assets are slated to increase by 0.9 percentage points.
Citi appoints Anand Sairam as CFO for APAC
He has been a part of Citi’s finance team for 8 years.
Australian banks’ cyber risk growing: S&P
Regional lenders are most vulnerable, especially to a data breach.
Weekly Global News Wrap: Bank of America invests $100m to minority-owned banks; Banks cut back on gold shipments to India
And the Bank of Spain governor called for local banks to increase loss provisions.
Thai banks’ recovery besieged by inflation, weakening currency: S&P
The tourism hit has affected income levels, which would borrowers’ ability to pay.
60 largest banks need $210.2b to cover future fossil fuel losses: Finance Watch
Basel’s current framework encourages continued build up of risk, the nonprofit warned.
How blended finance can speed up net zero targets, MAS exec explains
Blended finance combines public and private capital to fund marginally bankable projects.
Taiwan’s FSC fines Taishin International Bank $310k over improper payment collection
The bank had failed to establish proper internal control systems
MUFG names Angus St. John as head of financial sponsor coverage in APAC
St. John has over 25 years of experience in the financial services industry.
Maybank Singapore offers fixed deposit rates up to 3.05% per annum
The offer starts at a minimum placement of S$20,000 and a 6-month tenure.
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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