News
NBFCs emerging as key lender to India’s micro and small businesses
NBFCs emerging as key lender to India’s micro and small businesses
They outpaced banks in growing their share of MSME loans.
SMBC board opposes proposals to amend articles on financial and climate risk
The board said that the proposals are inappropriate.
OCBC integrates stockbroking subsidiaries to Global Markets division
The bank expects to develop “more holistic” wealth propositions for its HNW customers.
SMBC names Luis Pereira as co-regional CIO for APAC
He will partner with Fumitaka Kato, co-regional CIO for APAC.
GXS Bank names Pei-Si Lai as group CEO
Incumbent CEO Muthukrishnan Ramaswami will become a senior advisor to the GXS Group.
Banks feel pressure from private credit
Nonbank lenders are now providing capital even to low-risk corporate clients.
Taiwan’s domestic banks extended $1.42b SME loans in March
NPL ratio rose 0.02 percentage points to 0.25%.
Australia cancels licence of Queensland’s Thistle Financial Group
It has reportedly ceased to carry on a financial services business.
Credit Saison India secures $150m funding from Japan’s Mizuho Bank
Mizuho Bank had earlier made an equity investment for a 15% stake in the company.
TMBThanachart Bank’s net profit down 5.17% to $152.7m in Q1
Earnings per share is THB0.05 for the period.
Taiwan’s credit card balance rise in March
Undue balance of installment was approximately NT$167.5b for the period.
China remains committed to supporting megabanks: analyst
The megabanks are expected to expand lending to support “national priorities.”
Australia sues Macquarie Securities for alleged misreported short sales
This is the fourth regulatory action ASIC had taken against Macquarie in the past year.
Vietnam’s finance sector faces digitalisation challenges despite eased regulation
Industry experts discuss how to navigate Vietnam’s challenging digital landscape at the Asia Banking and Finance and Insurance Summit.
Weekly Global News Wrap: Citi faces $1b Oceanografia lawsuit; Unicaja denies Sabadell merger rumors
And Commerzbank is gearing up to execute its strategy as a standalone bank.
Macquarie Group to handle earnings drop following business sales to Nomura
Businesses in other markets should offset a drop in earnings in some businesses.
Mizuho joins initiative to promote sustainable aviation fuel adoption in APAC
It is the only Japanese company amongst founding members.
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