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HSBC names global head of investments and managed solutions for wealth, premier
HSBC names global head of investments and managed solutions for wealth, premier
Sami Abouzahr also leads the bank’s ultra high net worth solutions group.
Revolut partners with Ant Int’l to enable transfers to China via Alipay
It has a tiered fee system.
Weekly Global News Wrap: Santander to buy TSB; BPER increases BPSO
And India plans to withdraw $11.7b of excess liquidity worth from the banking system.
HSBC names Kate Subak as new CEO of HSBC Insurance (Bermuda)
She was previously COO of Sun Life International in Bermuda.
Banks in China, Australia see market caps rise in Q2 on falling interest rates
In contrast, Japanese megabanks and DBS saw their market caps fall.
SMBC commences simplified foreign currency remittances in China
It is currently available in five of its branches in China.
Nearly 2 in 3 Hong Kongers hold a digital bank account
Respondents said digital banks outperform incumbents in account opening promotions.
Union Bank of the Philippines appoints five senior officers
One is senior vice president, two are VPs, and two are assistant VPs.
Thailand’s SCB surpasses sustainable finance target
It has disbursed THb180b, already past the THB150b target.
UOB acknowledges penalty for anti-money laundering breaches
Two of its employees were reprimanded, it said in an SGX statement.
Six banks penalized in Singapore for AML breaches
Credit Suisse’s fine also accounts for separate breaches related to US customer accounts.
Tokenisation of bank assets could boost liquidity and risk management in FX
But the industry must address the potential fragmentation of the liquidity pool.
Malaysia’s banks log 5.3% loan growth in May with construction boost
This was offset by a slight decelration in working capital loans, said UOB Kay Hian.
Australia’s big four banks' fossil fuel exposure remain in billions
They are exposed to methane emissions, which they do not measure separately.
APAC credit limit approval rates steady at 81%
Trade has slowed globally with subdued investment and spending, Aon said.
PAObank extends 16% rate promo on HKD time deposits to July 31
The first HK$50,000 time deposit will enjoy the promo rate.
EXIM India has strong solvency, although capital to moderate
It will enjoy strong funding access due to its government affiliation.
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1. Singapore banks introduce safeguard for large digital withdrawals 2. Singapore banks lead globally in AI use for financial crime compliance 3. SMBC Group establishes offshoring hub in Chennai, India 4. Private lenders step in as Hong Kong banks cut real estate loan growth 5. CIMB unveils new wealth management platform in MalaysiaResource Center
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Commentary
Electronic trading proves its strength in times of volatility