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Weekly Global News Wrap: Swiss gov’t directs major banks to boost liquidity; UniCredit widens buyer search for Russian assets
Weekly Global News Wrap: Swiss gov’t directs major banks to boost liquidity; UniCredit widens buyer search for Russian assets
And Deutsche Bank’s DWS CEO steps down amidst greenwashing allegations.
83% of StanChart SG employees are in hybrid work arrangements
The bank covered $5.09m in costs in April 2021 to help employees set up home offices.
Ant Group-backed ANEXT BANK makes soft launch in Singapore
Regulator hopes new digital banks will further grow Singapore's financial sector.
Visa launches program enabling small business to accept digital payments
The programme is now open to payment facilitators in APAC.
MAS unveils new measures against digital banking scams
Default transaction limit for online fund transfers must be set to S$5,000 or lower.
Singapore wholesale digital-only bank Green Link Digital Bank debuts
The wholesale bank targets micro, small, and medium enterprises.
Deutsche Bank installs deposit machines at Toyota financing branches in Indonesia
The machines will transmit real-time data to the company.
Oxford Sustainability Finance Group founding director to join DBS board sustainability committee
Dr. Ben Caldecott is the first professor in sustainable finance at the University of Oxford.
CIMB Singapore rebrands Change Alley Mall to CIMB Plaza
The bank’s new centre has been refurbished with lounges for affluent banking clients.
Japan megabanks’ bad loans edge up to highest in six years
Billion-dollar exposures to Russia contributed to the negative outlook.
MUFG Bank names ex-Indonesia country head as new Regional Exec for APAC
Daisuke Ejima was country head of Indonesia prior to his new role.
Guilty! Majority of Singaporeans believe their banks are greenwashing
Around half of consumers enjoy the availability of green financial services.
Bank of East Asia reduce emissions by 15%, increase green loans five-fold in 2021
The bank also donated millions to support flood relief efforts.
MUFG names two new heads in global corporate, investment banking APAC unit
Both Campbell and Sivarajah will be based in Singapore.
Citi Hong Kong makes two senior appointments in Institutional Client Group
The new appointments will be effective immediately.
MAS to explore digital assets use cases with Project Guardian
The first pilot sees DBS, JP Morgan, and Marketnode explore lending on a public blockchain.
Public Bank net profits down 8.6% in Q1 as one-off tax bites
The operating environment remains challenging, the bank’s founder said.
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1. Sea rebrands digital finance business SeaMoney to Monee 2. UOB maintains profitability despite possible slower loan growth 3. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 4. Malaysia’s development banks told to plug lending gap for MSMEs 5. Bhutan enables national-level crypto payment with Binance PayResource Center
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