News
SMFG profit up 22.8% to $8.99b in 9M on higher income
SMFG profit up 22.8% to $8.99b in 9M on higher income
It forecasts an annual cash dividend of JPY157 for the fiscal year.
Korea revises bill to check criminal info of virtual asset service providers
The law also broadened rule-breaking activities that are screened.
E-ang bao use jumps nearly 50% in 2025 as seniors ditch red packets: OCBC
Nearly 8 in 10 seniors were first-time e-ang bao senders, OCBC said.
DBS Hong Kong names Xu Qing as managing director and risk head
Xu will oversee all credit and risk functions in Hong Kong, mainland China, and Taiwan.
Failed P&N-CUA merger won’t slow Aussie mutual bank consolidations: S&P
The two banks are expected to continue seeking consolidations.
PNL and Great Southern Bank scrap merger
The two Australian banks’ boards agreed to terminate their MOU.
Citi rolls out evergreen private market funds for HNW clients
It has partnered with Blackstone, Blue Owl, and KKR to launch the funds.
Standard Chartered names Ryan Song as head of M&A in Korea
He is expected to help grow the bank’s M&A advisory business in the region.
MUFG Bank invests in GLIN Impact Capital 2 to back ESG growth
The investment aligns with the bank’s medium-term business strategy.
LSEG expands China reach with ICBC deal
The MoU covers RMB services, trading, clearing, and FTSE Russell
CLP Power and HSBC launch first ESG-linked supply chain finance deal
ESG-linked terms tie funding to emissions metrics.
South Korea regulator widens responsibilities maps from insurers to savings banks
FSC invites $0.49b savings banks into pilot ahead of 2 July 2026.
QBE deal expands as Malayan embeds add-on into RCBC auto loans
Paramount Life and General Insurance Corporation acts as the local partner in the Philippines.
BEA signs UN responsible banking pact
The principles are supported by over 360 banks globally.
Weekly Global News Wrap: Stablecoins threaten $500b in deposits; Italy funds bank rescue
And about 100 jobs in Metro Bank are at risk.
Japan Post Bank merges investment arms to form new asset manager
JP Asset Management will be the surviving entity.
South Korean bank delinquencies hit 0.6% with SMEs hit hardest
Volume of newly delinquent loans shrank whilst resolved loans rose.
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