News
South Korea financial system face short-term crisis risk as inflation ramps up: poll
South Korea financial system face short-term crisis risk as inflation ramps up: poll
One in four experts warned of possible shocks.
Bank Raya offers instant bailout funds for faster small loan disbursements
Borrowers can access up to US$1,700 in loans.
Maybank adopts cautious outlook amidst geopolitical tensions, volatility
The Malaysia lender saw its Q1 profits fall compared to the same period last year.
Asia’s Top 20 banks by revenue bounce back in 2021
But the recovery may not be sustained in 2022 as constraints pile up.
MAS slaps S$330m add'l capital requirement at OCBC after phishing fiasco
The review found deficiencies in the bank’s risk mitigation and incident management.
EastWest Bank to appoint new CEO, President
New CEO is current strategy consultant for the bank’s parent company Filinvest.
Over 17 million Koreans use online financial services daily: central bank
Two in three Korean respondents use mobile financial services.
Bank of Singapore appoints global head of investments
Robert Reid has 30 years of legal, consulting, and financial services experience.
OCBC invests S$25m to reduce carbon footprint in operations
The bank plans to retrofit its buildings with solar panels.
E-payments poised to replace credit cards in China, Indonesia: Experian
Buy now, pay later has been eagerly embraced by Indonesians.
Weekly Global News Wrap: US to bar Russian bond payments through US banks; England warns profit hit should banks fail to take climate action
And Barclays identifies material weakness in the internal control process.
Hong Kong fintech krip launches deals, offers platform for credit card users
Users can access over 6,000 deals from 3,000 merchants.
Bank of Singapore appoints wealth planning head for Greater China
The bank has also hired a senior wealth planner, to be based in Singapore.
Grab unveils new financial brand GrabFin
It also rolled out its investment product, Earn+, with a projected yield of up to 2.5% per annum.
Foreign banks in South Korea see earnings fall in 2021
Fee and commission income shrank by over 230% during the fiscal year.
Citi Australia appoints Mark England as new head of securities services
England is currently APAC co-head of sales for Citi Securities Services.
Liechtenstein’s VP Bank scales up Asian operations with new hires
The bank has appointed Johnny Heng as head of its Singapore branch.
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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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