News
ING pulls back from the Philippine retail banking market
ING pulls back from the Philippine retail banking market
Over 380,000 clients are expected to be affected once they leave the market by end of the year.
Woori Bank probed for alleged irregular foreign currency transactions: report
Sources said that the deals, worth billions of won, were executed over the past year.
Singapore’s investment banking fees rise 3.3% in first half of 2022
However, DCM underwriting fees were slightly lower than in 2021.
CIMB Niaga, JCB Indonesia launch digital credit card
The card offers 10% cash back for online transactions through OCTO Mobile.
St. James Place’s Eight Wealth Int’l names head of tax and estate planning
Kelly Greig will offer tailored advice and services to affluent clients in Asia.
DBS PayLah! enables QR payments in 45 markets through UnionPay
Users can now pay with QR code in one of UnionPay’s 31 million retailers worldwide.
Citi names new Asia cluster heads
Singapore Citi Country Officer Gupte is now head of South Asia & ASEAN.
DBS grants A$295m green loan to GIC
It is DBS’s first AUD-denominated green loan.
BigPay unveils cash pickup for remittances to the Philippines, Indonesia
It boasts over 14,000 pickup locations across the two countries.
livi bank, Mastercard offer private film screening at the CORONET
Each booking entitles users to a 20% cash back and a bottle of Prosecco.
Japan fintech investments fall to five-year low in Q1
There were only eight investment transactions during the quarter.
CIMB Islamic, StanChart Saadia enter US$227m Collateralised Commodity Murabahah transaction
Proceeds will be used for SDG-compliant projects.
UBS, Credit Suisse’s wealth ambitions in Asia besieged by deleveraging
Both banks posted dismal wealth results in Q1.
Monetary tightening tests Australia’s residential mortgage-backed security market
Rising interest rates will put pressure on arrears, said S&P.
Online card and wallet acquiring now available in Spring by Citi platform
Spring by Citi integrates online payment methods with back-office treasury management systems.
DBS adds carbon calculator in LiveBetter platform
Users can also now access a curated portfolio of carbon projects to help reach offset goals.
Does geopolitics heighten risks of an East-West divide in the financial industry?
HSBC’s potential Asia split may signal that decoupling between the West and China is growing.
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