News
CMB International to maintain strong profitability through 2026
CMB International to maintain strong profitability through 2026
Returns will be supported by robust fee and commissions income.
Hong Kong’s millionaire density trails only mainland China: report
It noted Hong Kong as having one of the highest millionaire densities in the world, second only to mainland China.
DBS first to accept CPF LIFE payouts for credit card applications
It aims to expand access to financial products for retirees and seniors receiving monthly payouts.
OCBC’s revised Great Eastern bid seen having limited financial impact: RHB
RHB maintained a ‘Neutral’ rating on OCBC with a target price of $17.50, representing a 7% upside.
Commonwealth Bank of Australia completes stake sale in Bank of Hangzhou
CBA received approximately $940m, and CET1 ratio was raised by 17 basis points.
Shenzhen Rural Commercial Bank’s returns to decline slightly through 2026
Net interest margin and loan pressures will weigh on the bank’s asset quality.
Citi clinches ANZ banker as new head of markets for Indonesia
Benny Aroeman has also worked in DBS, HSBC, and Deutsche Indonesia previously.
Deutsche Bank names corporate coverage head for MEA
Majed Julfar will act as the bank’s most senior representative in the UAE.
DBS surpasses US$100b market cap
The bank’s market cap is over S$129.35b according to data from the SGX.
BNPL firm Atome secures $75m facility from Lending Ark
Lending Ark has invested over $1b in Asia.
Digital token firms serving foreign clients must obtain a license: MAS
Without a license, they will need to cease operations by 30 June.
BoCom Hong Kong profitability lifted by interest and fee income
The growth of its wealth management business will benefit fee income, says Moody’s
AIA names HSBC chairman Mark Tucker as next chairman and director
Tucker will step down from his HSBC role on 30 September 2025.
MoneyHero expands wealth product offerings with OSL partnership
Users can now compare digital asset account products.
SMBC clinches approval to open branch in Bengaluru, India
This is the Japanese megabank’s fifth branch in the country.
Citi to slash 3,500 jobs in China
Layoffs will affect its global tech solution centres in Shanghai and Dalian.
OCBC backs Great Eastern delisting bid with S$0.9b exit offer at EGM
The offer is priced at $23.52 per share.
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1. MAS cracks down on influencers promoting financial products 2. OCBC to enable scan and pay on all China merchant QRs by Q1 2026 3. MAS expands Ripple’s scope of payment activities in Singapore 4. DANA Indonesia launches verified digital wallet for teens 5. HitPay and Visa to expand Philippine SMEs’ payment acceptanceResource Center
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Jul
02
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
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Fighting fraud in the digital banking age