News
HSBC Global Private Banking scales up SEA and Australia teams
HSBC Global Private Banking scales up SEA and Australia teams
It has appointed Joanne Ng as new desk head for its Singapore team.
DBS launches gen-AI coaching tool for employees
Guidance will be tailored based on employees’ role and internal mobility pathways.
China CITIC Bank International to launch Payment Connect services
First 1,000 customers to complete transactions worth HK$1,000 can get a rebate.
Shaping the Future of Financial Services: ABF & IA Summit 2025 Heads to Singapore
Leading voices from Google, HSBC Life, and GXS Bank will come together on 25 September to discuss critical issues shaping the banking and insurance industries.
DBS launches digital voucher system through Paylah platform
Programmable Rewards is aimed at companies and public agencies seeking to streamline campaigns, among others.
India’s Axis Bank face higher credit costs and margin pressures
It logged more slippages or bad loans due to reclassification.
TMBThanachart Bank’s dividend payout likely at 65% for 2025
But rising NPLs in auto loans and unsecured consumer loans can be a problem.
New Zealand to reopen ESAS applications in September
It is open to payment service providers, overseas deposit takers, and designated FMI operators.
Australia cancels credit licenses of seven entities
They failed to be a member of AFCA, or failed to lodge compliance certificates, amongst other reasons.
HKGX appoints China CITIC Bank International as settlement bank
The bank will provide HKGX services such as account opening for its members.
HSBC names Airport Authority HK chairman as new board member
Fred Lam Tin Fuk served as AAHK CEO from 2014-2024.
FInancial services hiring slows as consumer demand weakens
This marks the second consecutive quarter of declining confidence.
Indonesia consumer loan growth may slow as banks tighten risk rules
CGS International observed higher rejection rates and mortgage rate increases.
India liquidity support eases funding strain for banks
Margins will fall in the near-term, but pressures will ease as deposit costs fall.
New bad loan formation remains a key risk for China Everbright Bank
The bank has adequate buffers, with reserves covering 174.4% of its NPLs.
Citi teams up with Ant to improve airline FX solutions
The Falcon TST Model can predict future data points by learning patterns using AI.
Taiwan’s ATM, money transaction volumes outperform global averages
Over 93.3% of Taiwanese adults have a bank account, higher than 76.2% globally.
Commentary
Electronic trading proves its strength in times of volatility