Retail Banking
Mizuho Financial Group launches universal bank in Europe
Mizuho Financial Group launches universal bank in Europe
Mizuho Bank Europe merged banking and securities services of two subsidiaries.
DBS rolls out new benefits under its Heartland Merchant Banking Package
Merchants can save up to S$1,880 through waivers and cashbacks.
Vietnam’s LPBank to see asset quality pressures as it expands its retail loans
But stable capitalisation and improved profitability should provide a buffer, says Moody’s.
Bank of Makati joins the Philippines’ “Piso Caravan” program
There are now 141 financial institutions participating in the program, the central bank said.
SMBC, Fujitsu Limited to create data analytics business
Japanese companies reportedly want data-driven operations to improve efficiency.
Thai banks not “materially” affected by Myanmar earthquake
It only brought limited property damage and business disruption to Thailand, Moody’s said.
Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
Westpac appoints Kate Dee as chief people officer
She has been the chief people officer of Bupa Asia Pacific since 2018.
ANZ moves up incoming CEO Nuno Matos’ start date to May 12
Matos is most recently the CEO of HSBC’s Wealth and Personal Banking.
ICBC’s risk diversification supports resilience amidst China’s slowdown
Capitalization should be sufficient despite ICBC not being included in the first round of the government’s capital injection.
China’s Big 5 banks expected to boost lending with capital support
Fee income may also recover if new stimulus policies are effective, said CreditSights.
CITIC Limited logs 1.1% YoY profit rise to $8.01b in 2024
Earnings per share is RMB2.00, whilst the final dividend proposed is RMB0.36 per share.
PSBC’s capital boost strengthens funding for rural and SME financing
Low capital has constrained PSBC’s growth in its niche area of rural and inclusive finance.
Singapore’s financial sector turns to contract hiring for cost control
Hiring processes have become lengthier as employers consider cultural fit and regulatory compliance.
ZA Bank appoints Calvin Ng as CEO
Ng has been its executive director since September 2022.
Bank of East Asia names Bi Ming-qiang as chief executive of BEA China
Bi was formerly CEO, executive director, and president of China CITIC Bank International.
China Citic Bank stays resilient with lower exposure to risky sectors
The bank is less vulnerable to challenges from the property and retail banking segments.
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1. Philippine central bank gears up for instant cross-border transfers 2. Tighter fintech watch likely after Chocolate Finance fallout 3. UOB widens sustainable financing access for SMEs 4. HSBC Singapore launches premium credit card for wealthy clients 5. Visa, USSC Money Services enable Visa Direct for cross-border B2B paymentsResource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
Why high capital levels are a double-edged sword for Singapore banks