News
Taiwan's central bank punishes Deutsche, ING, ANZ on currency speculation
Taiwan's central bank punishes Deutsche, ING, ANZ on currency speculation
They are not allowed to trade Taiwan dollar deliverable, non-deliverable forwards for a time.
Weekly Global News Wrap: Investment banking propels Deutsche Bank to 2020 profit; BNP Paribas posts $2.9b Q4 net profit
And Italy's Intesa CEO said wealth management 'too pricey' for large deals.
DBS raises sustainability finance target to $50b by 2024
Companies have doubled down on ESG commitments due to the pandemic, the banks noted.
How exponential tech drove Asian banks' business transformation
The webinar discussed trends in digitisation and how banks are effectively using data to enhance processes.
Ant Group may resume IPOs once problems resolved: report
PBOC is still investigating monopolies in the fintech company.
Weekly Global News Wrap: US regulator rules banks cannot refuse lending to certain sectors; JPMorgan beats Q4 2020 profit expectations
And Goldman Sachs mulls deals to boost consumer banking unit Marcus.
Two in five Indian adults to have a digital bank account by 2026
Up to 373 million locals could open a digital-only bank account in the next five years.
Philippine banks' COVID-19 rebound faster than in 1997 crisis: banking group
Local lenders may rebound in three to four years.
Singapore central bank amends rules on managing tech risks
Financial firms should analyse and share threat intelligence within the ecosystem.
South Korean banks' loan delinquency rate flat in November
Compared to November 2019, delinquency rate is down 0.14 percentage points.
Shopee parent Sea acquires Indonesia's Bank BKE
The tech startup has raised $3b in stock offering for its business expansion plans.
South Korean banks' household loans hit $896b in 2020
This was pushed by a sustained rise in mortgage loans.
PayPal is first foreign operator to fully own Chinese payments business: report
It bought the remaining 30% stake of GoPay last December.
Indonesia's BRI to raise $1b in rights issue
It wants to strengthen its capital base for possible acquisitions.
Singapore tightens regulation of virtual payment entities to combat risks
DPT activities carry higher inherent money laundering and terrorism financing risks.
SFF x SWITCH 2020 To Feature 40 Global Satellite Events
Kicking off on 7 December, the conference features key luminaries that include Bill Gates, NZ PM Jacinda Ardern, amongst others.
Indian central bank drafts scheme for Lakshmi Vilas, DBS India merger
DBS will inject $345m into DBIL if the scheme is approved.
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1. UOB reports flat net profit growth in Q1 despite record fee income 2. Sea rebrands digital finance business SeaMoney to Monee 3. Barclays integrates Ant Int’l model to FX hedging platform 4. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 5. DBS’ net profit fell 2% to S$2.9b in Q1 2025 on higher tax expenses.Resource Center
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Industry experts discuss how to navigate Vietnam’s challenging digital landscape at the Asia Banking and Finance and Insurance Summit.
Commentary
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?
The Asian connection: China's path to sustainable growth