News

HSBC says 'no decision' made in Singapore insurance review

HSBC said Singapore stays a priority market for wealth and wholesale growth.

Apple Pay opens China Visa cards as NFC hits 79%

The rollout starts with ICBC BOC ABC BoCom CMB CITIC Ping An and Industrial Bank.

Three Singapore banks pull $3.0b in net retail inflows

DBS Group Holdings was the largest recipient of net retail inflows.

Banks pour into digital asset infrastructure, Sygnum says

Self custody could shift $300b off platforms by end 2026.

Finance Ministry raises idle fund bank cap to 60%

After that, the funds will remain in banks until maturity.

Indonesia’s Jalin targets payment fraud with BPC tie up

Jalin will expand its utilisation of BPC tech for real-time fraud monitoring.

Korean banks’ loans contracted in December as banks guarded capital ratios

SME loans fell as banks slowed down lending for their capital adequacy ratios.

Philippine bank lending rose 10.3% on business, consumer loans

Outstanding loans to consumers grew at a slower rate, however.

Crédit Agricole CIB names Yang Zhang as head of cash and trade sales for APAC FIs

She will oversee business development and origination of cash management.

Natixis CIB names Jarek Olszowka as APAC head of green & sustainable hub

He was the international head of sustainable finance for a major Japanese financial services group.

Ant Int'l processed 2 billion payments in key emerging markets in 2025

Its Alipay+ platform now connects over 1.8 billion users across 100 markets, it said.

Citi hires NAB, CBA bankers for Australia syndication team

Jessica Rowe joins from NAB whilst Dane Harris joins from CBA.

DBS Hong Kong unveils new SME sustainable finance program

Eligible uses include energy efficiency upgrades, resource conservation, and clean transportation.

Weekly Global News Wrap: Trump floats 10% card rate cap; Citi to cut 1,000 jobs

And Credit Agricole wins ECB approval to lift Banco BPM stake above 20%.

Taiwanese domestic banks’ SME loans rise to $341.94b in November

Loans extended to SMEs by domestic banks account for 64.7% of total loans.