News
South Korea to let overseas firms enter its FX market: report
South Korea to let overseas firms enter its FX market: report
Authorities target its implementation by Q4.
South Korea’s household loans rise 3.5% in June
Demand for bogeumjari loans and jeonse loans drive mortgage loan demand.
AUB Philippines chairman title goes to Jonathan Ng
Ng will succeed Abraham T. Co, who has been elected as Vice Chairman.
Grow Finance, Pismo issue credit card for SMEs in Australia
This collaboration aims to provide business owners with improved cash flow management and capital.
SMBC Group's Jenius Bank offers personal loans to US market
Jenius Bank plans to expand its services through savings products and a mobile app.
Hang Seng Bank, Chubb ink 15-year bancassurance partnership
A lucky draw quiz will be open to commemorate the partnership.
J.P. Morgan appoints leaders for APAC commercial banking
These appointments will take effect on 1 August.
UnionPay inks deal with Cambodia to promote QR cross-border payments
It aims to benefit residents of both countries in cross-border mobile payments.
OCBC, Ascenda to offer more transfer options for rewards currencies
It is now available to OCBC customers holding Travel$, Voyage Miles and OCBC$ rewards balances.
Major Korean banks asked to prepare $4b to buoy distressed credit cooperative: report
The credit cooperative saw customers withdraw funds last week after reports of a rise in bad loans.
Citi Commercial Bank unveils CitiDirect Commercial Banking platform
It will be available to customers in Hong Kong, Singapore, and India in H2 2023.
DBS sells 77.8% stake in AXS to Tower Capital Asia
AXS became a subsidiary of the bank in 2006.
India’s HDFC to offer 2% shares in NSDL IPO
This is equivalent to four million equity shares.
Sri Lanka’s NBFIs safe from risks after proposed gov’t debt restructuring plan
The plan does not directly impact the government debt holdings that NBFIs have stocked up on.
DBS upskills sustainable financing knowledge of 1,600 relationship managers
The bank will incorporate the workshops as part of its training curriculum for incoming RMs.
Korea allows formation of new nationwide bank for first time in 30 years
FSC plans to issue new banking licenses to bolster competition.
Weekly Global News Wrap: Rothschild & Co takes one step closer to going private; Ant Group may be fined $1b
And UBS makes changes in global wealth management business.
Thought Leadership Centre
Most Read
1. BSP offers loan relief measures to ease energy price pressures 2. Malaysia finance firms see AI ambitions falter as legacy systems block progress 3. Affin Bank sees AI reshaping Malaysia wealth advisory over next 3 to 5 years 4. HSBC to roll out HKD-denominated stablecoins in H2 2026 5. CIMB commits to Kuala Lumpur digital MSME pushResource Center
Read Here
Advertise
Sign Up
Events
Event News
ING maintains a clear position that its AI strategy is grounded in responsibility and sustainability.
Commentary
Buy now, worry later: The hidden cost of BNPL
Why most banks are struggling with AI, and what the smart ones are doing differently
Data, AI, and trust: The next era of financial crime prevention
From behavioural change to scalable inclusion: Cross-border payments in APAC
Device governance is not an IT problem. For SEA's financial sector, it is a boardroom one