Retail Banking

ANZ’s group executive for Australia retail is retiring

Maile Carnegie will retire from the role on 1 July 2025.

Thailand names three successful virtual bank applicants

They will need to begin business operations by June 2026.

Shoko Chukin Bank face high problem loans but profitability improving

The higher problem loans ratio may be due to its focus on the SME segment.

Taipei Fubon Commercial Bank well-buffered to withstand market volatility

Asset quality of corporate lending will weaken moderately, however.

ASIC issues warning to influencers promoting high-risk financial products

The influencers are providing unauthorised financial product advice, ASIC said.

Malaysia rolls out innovation lab for climate finance solutions

Greater private sector involvement is needed to accelerate Malaysia’s climate journey.

Bank Central Asia prioritises margin stabilisation over aggressive loan growth

Its LDR and cost-to-income ratio are the lowest amongst its peers, UOBKH said.

1 in 2 Gen Alpha has digital wallet, investment account

Over half uses a digital wallet, and nearly the same share has an investment account

Alipay enables in-store payments using AR glasses in China

Users will confirm payments using their voice.

Salmon Group raises $88m to expand its business in the Philippines

The equity round was led by venture capital firm Spice Expeditions, LP.

Bank Tabungan Negara’s high asset risk remains despite strong capital ratio

Profitability is expected at 0.55% to 0.65% in 2025 on higher credit costs.

Nanyang Commercial Bank still weighed down by property risks in 2025

The de-risking process is expected to take a longer time, Moody’s said.

ANZ names Lachlan Halstead as country head for ANZ China

Halstead had formerly served as country head for ANZ Papua New Guinea.

CIMB Group names Datuk Syed Zaid Albar as group chairman

He is the former executive chairman of the Securities Commission Malaysia.

ASIC cancels licence of Financial Services Group Australia

It also permanently banned its responsible manager, Graham Holmes.