News

Union Bank’s profit outlook dims on higher costs and riskier loans

It has less buffers for loan losses than lower-rated banking peers, Moody’s Ratings warned.
4 days ago

Union Bank’s profit outlook dims on higher costs and riskier loans

It has less buffers for loan losses than lower-rated banking peers, Moody’s Ratings warned.
4 days ago

Hang Seng Bank warns against phishing email

The emails lead to a fraudulent website that may request their bank or card information.
4 days ago

New Sydney investment offers 65% loan-to-value ratio

Conservative lending reflects cautious market sentiment in Sydney's industrial sector.
4 days ago

StanChart taps Cushman & Wakefield for upgraded property services

C&W will help drive the bank's sustainability agenda across its real estate portfolio.

Maybank offers financial package for registered charities

They offered the first recyclable grant in Singapore.

Korean banks to ease lending standards for companies and mortgages

But banks are expected to tighten lending standards for household loans.

Malaysia warns against four unauthorised companies

They have similar names to companies authorised by BNM but are not related to them.

Alliance Bank lowers fixed deposit rates

The counter rate for 1-month fixed deposits is now just 2.65% from 2.75%.

Hong Kong launches new credit reference operating model

Credit Data Smart will guide the collection of credit as future reference to loan providers.

HK-based fintech KPay expands operations to Singapore

The firm plans to triple its merchant base in Singapore to over 10,000.

Thailand’s Krungthai Bank temporarily closes two branches

They will resume normal operations on 22 April.

DBS and OCBC expected to deliver steady Q1 net profits

Their net interest margins will ease as a result of their Hong Kong loans.

Taiwan’s Hua Nan’s asset quality to remain sound through 2025

Loans to SMEs and the property sector have improved, says Moody’s.

Property malaise weighs on China and Korean banks

Most of APAC banks have a stable outlook for 2024, says S&P.