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Citi nabs BofA banker to lead Chinese banking operations
Citi nabs BofA banker to lead Chinese banking operations
Wenjie Zhang will join Citibank (China) in July 2025.
SCB, CardX to share credit limit info for credit card applications
The policy is effective 1 June 2025.
Malaysia’s household loans steady at 6% in April
The banking system recorded healthy liquidity buffers, the central bank said.
Credit card, production drive Philippine bank lending growth in April
Loans to non-residents declined at a faster rate.
Natixis CIB names Aurélia Vo Dinh as new APAC head of ASF
Vo Dinh brings 20 years of investment banking experience in her new role.
CIMB’s net profits up 1.9% to MYR 1.97b in Q1 2025
Operating income and non-interest income both contracted.
Gen Zers spur banking reinvention
Young consumers are changing financial norms and expectations.
Registry eyed to bridge Vietnam’s $90b trade finance gap
It is expected to boost small importers and exporters’ access to bank credit.
HSBC Malaysia penalized $690,000 for customer screening non-compliance
Customers were reportedly onboarded without proper sanctions screening.
HKMA, HKUST Business School ink MoU for applied cybersecurity research
They will explore supervisory tech and regulatory tech.
Malaysia fines Maybank Islamic for info submission lapses
The bank’s failure to ensure info was submitted led to three borrowers’ credit records being impacted.
Indonesian and French central banks ink MOU on central banking cooperation
They will hold policy dialogues, joint studies or research, and data and information exchange.
PAObank names Ronald Iu as chief executive
Iu has previously served as chief executive of two other digital banks in Hong Kong.
Malaysia fines two banks for non-compliance with AML/ CFT requirements
BPMB reportedly did not properly screen existing customers for risk.
Weekly Global News Wrap: UniCredit doubles stake in Alpha; US banks eye crypto
And the American banking industry reported $70.6b in profits for Q1 2025.
Alliance Bank’s net profit up 11.1% to $46.6m in Q4
For FY3/26, DPS may rise to MYR0.27 and net profit to $200.6m.
India’s consumer lending growth slows in 2025
Consumer demand for mortgages and personal loans will be dampened, it said.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
