News

Citi Global Wealth APAC clients invest $5b in bonds in May-July

Majority of investments flowed to fixed income funds and hedge funds.

China’s banks set to trim loan rates to bolster borrowing: report

This comes after new yuan loans in July fell to just a quarter of the amount in June.

OCBC, NUS commence study to encourage EV adoption in Singapore

A total of 32,000 OCBC customers are expected to participate in the study.

UOB, Doxa, move Kimly Construction trade financing processes online

Processes affected include the creation of invoices, uploading and validation of supporting documents. 

DBS Hong Kong names Betty Lam as managing director, head of HR

Lam had previous served in senior HR positions for HSBC, AIA, and PepsiCo.

DBS Hong Kong unveils fully-digital card loans

Customers can apply for a credit card via the DBS Card+ app.

Mizuho Bank charged $6.75b negative interest rate by BOJ

This is the first time in 7 months that a megabank was charged.

MUFG Bank launches branch in India’s GIFT City

The bank now has six branches throughout India.

UnionBank transforms wealth digital platform with Avaloq

It will standardize the front, middle, and back office of UnionBank’s wealth mgmt functions.

WeChat Pay now available as payment method in Deliveroo Hong Kong

New users are entitled to an HK$50 voucher for single purchases of HK$100 or more.

DBS appoints Dennis Lam as CEO of DBS Vickers Hong Kong

He was former the deputy head of research in DBS Hong Kong.

Australia’s mortgage delinquency rate to rise in coming quarters

It is beset with the same issues as of its peers: inflation and interest rates.