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RACQ Bank insulated from parent group stress after insurance unit sale
RACQ Bank insulated from parent group stress after insurance unit sale
There are also no intra-group deposits or loans between RACQ Bank and the RACQ Group.
China and Azerbaijan’s central banks ink cooperation MOU
They aim to strengthen bilateral financial cooperation, amongst others.
Thailand’s SCBX joins AI research initiative as a founding member
It aims to explore how AI is shaping the future of global financial systems.
Japan’s megabanks may increase foreign bond purchases to meet income goals
Upcoming US Fed rate cuts may raise bond prices, increasing urgency to buy.
China Merchant Bank profit rebounds in Q2 on lower costs
Net profit grew 2.7% in Q2 from a 2.1% decline in Q1.
Hang Seng Bank appoints HSBC’s Luanne Lim as new chief executive
Diana Cesar will return to HSBC as vice chairman, Hong Kong.
Malaysian banks keep impaired loan ratios low as capital stays strong
Borrowers' repayment capacity continued to be sustained, the central bank said.
Chongqing Rural Commercial Bank’s profitability likely to be stable through 2026
The bank still faces high asset risk, although it has built up strong buffers.
UnionBank of the Philippines rolls out pilot for easier retirement account opening
Users can now open PERA accounts using their bank or e-wallet data.
Australia’s Westpac to hire 350 bankers by 2027: report
It aims to enhance business banking and expand its market share in regional Australia.
PH digital bank GoTyme expands free InstaPay transfers to 20 per month
After the 20th transfer, each transaction will cost PHP 9.
SG banks’ uncertainty ratings revised to low as tariff risks ease
Their uncertainty risks were raised to medium in April 2025.
SMBC invests in fusion energy start-up
It aims to accelerate the establishment of fusion power reactors’ supply chains.
SMBC Aviation Capital joins holding company acquiring Air Lease Corporation
SMBC Aviation Capital will have a 4.99% equity interest in the holding company.
NAB names Inder Singh as group CFO and group executive, strategy
He joins NAB in March of 2026, whilst Shaun Dooley returns to his group CRO role.
Agricultural Bank of China may receive capital support in 2026
It is also expected to attract higher quality clients from smaller banks, says S&P.
Total deposits in Hong Kong inch up 0.2% in July
Hong Kong dollar deposits fell but foreign currency deposits rose.
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