News
Taiwan’s FSC names new deputy director general of the banking bureau
Taiwan’s FSC names new deputy director general of the banking bureau
Wang was deputy director general of the financial examination bureau.
India’s InCred Wealth names head for family office business
The wealth management firm will offer tailored solutions to UHNWIs and business families.
CIMB pledges S$2.98b to support Johor-Singapore SEZ
The platform offers tailored support services including fast-track account setup, regulatory guidance, and banking solution.
YouTrip launches MYR wallet and offers free weekend shuttle service
Users will have to prebook slots for the shuttle services.
Revolut rolls out five new currencies including Chinese Yuan
Users can now hold and exchange 39 different currencies directly in-app.
Philippine National Bank improves profitability on cost management
It has a very high liquidity coverage ratio of 255% as of end-2024.
Security Bank’s buffers decline on loan growth and upcoming stake acquisition
Its capitalisation is expected to fall below 13% in 2025.
Singapore banks’ dividends to weather economic and global trade woes
DBS and OCBC are expected to hold their dividends steady in 2025.
Ant International boosts SME treasury tools with World Card launch
The physical card will be launched later this year.
HSBC China unveils wealth centre in Hangzhou
The wealth centres have an average size of 1,800 sqm, and are upgraded from traditional branches.
Hang Seng Bank, Mastercard launch new multi-currency debit card for businesses
It offers instant debit, secure exchange rates, and free transaction fees.
Standard Chartered unveils sports investing fund for wealthy clients
The fund focuses on sports, media, and entertainment opportunities.
UOB widens sustainable financing access for SMEs
The bank applies a differentiated assessment model.
Chinese state banks’ enhanced policy roles increases support prospects
Banks are expected to log moderate credit growth and no increase in risk appetite.
Indonesian banks face slower loan growth if tariff war escalates
The most severe case would constrain lending and prompt capital preservation.
Airwallex doubles Singapore revenue in 2024
The payments platform grew its headcount by 58% during the year.
Australia’s Big 4 banks to see asset quality ‘moderately’ weaken in 2025
But impaired loans should peak in 2025 then decline in 2026 on falling interest rates.
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