News
SMBC Group establishes offshoring hub in Chennai, India
SMBC Group establishes offshoring hub in Chennai, India
The offshore hub will ensure stable systems development and operations, the bank said.
NAB has given out $2b in new green business loans
Demand has surged from businesses related to energy, EVs, property, and agriculture.
MUFG sets up equity fund to invest in middle, late-stage startups in Japan
Japanese startups struggle to achieve sufficient growth due to lack of support.
Private lenders step in as Hong Kong banks cut real estate loan growth
Knight Frank expects Hong Kong to remain a distressed-refinancing rather than growth-lending market.
Malaysian banks earnings to grow 3% in 2025 on stable interest rate metrics
The sector’s loan growth was 5.4% in 2025.
Citi poaches BofA banker for vice chair of tech investment banking
Ric Spencer was global co-head of technology investment banking in BofA.
Singapore’s investment banking fees rise 31.5% in 9M 2025
ECM underwriting fees and M&A advisory fees have more than doubled.
Singapore’s private banking industry seeks to strengthen philanthropy advisory
They want to enhance advisors’ capabilities related to making philanthropic decisions.
State Street completes transfer of Mizuho’s $850b custody business
Mizuho will collaborate with State Street for global custody and related services.
EFG Bank AG names Robin Heng as vice chairman of SEA
Heng was most recently co-head of private banking at Bank of Singapore.
Westpac mobile app rated best in Australia by Forrester
Actionable recommendations and prompts to avoid fees helped propel it to the top spot.
BofA launches gen AI solution AskGPS using 3,200 internal documents
It is expected to help employees answer client queries faster.
BPI digital platforms unavailable on 4 October 2025
System integration will take place from 8AM to 6PM.
India’s consumer loan market to reach $1t in 2029
Increased disposable income is driving demand for housing, vehicles, and durables.
UOB enables cardholders to redeem rewards at Johor merchants
They can offset bills using their rewards points.
PAObank surpasses HK$8b in customer deposits in Sept 2025
Deposits rose by HK$2b in just three months.
ZA Bank logs interim net profit of HK$49m in H1 2025
Net revenue rose 82.1% and net interest income rose 42.8%, the digital bank said.
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