News

Sumitomo Mitsui appoints former J.P Morgan banker as head of M&A advisory of SFDA

The newly created role sees Chirolli leading SMBC’s M&A advisory efforts in Asia.

Standard Chartered Hong Kong buys virtual land in metaverse

The Sandbox’s Mega City district is touted as a culture hub inspired by Hong Kong.

Weekly Global News Wrap: HSBC profits slide in 2021; UBS posts best Q1 profit in 15 years

And Swedish bank SEB signs up its first banking-as-a-service client.

6 in 10 Singaporeans have high trust in banks

Only 5% have low trust in the banking industry.

Dah Sing Bank resumes normal business operations in all branches

Kwun Tong and Tokwawan branches are set to reopen in 3 May.

DBS, Manulife Singapore launch insurance starter plan ProtectFirst

Customers can choose from three plans that focus on illness, life protection, or accident coverage.

Japan’s Shizuoka Bank maintains strong loan quality as profits continue to be weak

The bank has the strongest capitalization amongst regional banks in Japan.

Sumitomo Mitsui appoints Tomofumi Watanabe as new co-head of APAC structured finance

He was previously general manager of the Global Structured Finance Department Tokyo.

Hong Kong’s livi bank unveil livi Flexi Loan

Customers can access up to HK$1m in loans in as fast a 2 minutes.

Singapore standardizes template for corporate environmental risk assessment

A workgroup composed of Citi, DBS, HSBC, OCBC, StanChart, and UOB worked on the questionnaire.

Chart of the Week: Buy Now Pay Later gains traction in Australia

Afterpay remains king, whilst new players seek to carve out their own space.

Here’s how you build a successful Buy Now Pay Later platform: study

Hiring the right talent and developing a good tech stack are key to success.

Chinese banks report double-digit profit growth in 2021

But they also face a difficult 2022 due to a triple whammy of challenges.

LINE Bank marks first year in Taiwan with 1.1 million users

The digital-only bank has been popular with young people.

Lockdowns, travel bans hurl new headwinds at banks in China, HK

Banks are expected to perform well in Q1, but market risks are on the rise.