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SMFG profit up 22.8% to $8.99b in 9M on higher income
SMFG profit up 22.8% to $8.99b in 9M on higher income
It forecasts an annual cash dividend of JPY157 for the fiscal year.
DBS Hong Kong names Xu Qing as managing director and risk head
Xu will oversee all credit and risk functions in Hong Kong, mainland China, and Taiwan.
Failed P&N-CUA merger won’t slow Aussie mutual bank consolidations: S&P
The two banks are expected to continue seeking consolidations.
PNL and Great Southern Bank scrap merger
The two Australian banks’ boards agreed to terminate their MOU.
Citi rolls out evergreen private market funds for HNW clients
It has partnered with Blackstone, Blue Owl, and KKR to launch the funds.
Standard Chartered names Ryan Song as head of M&A in Korea
He is expected to help grow the bank’s M&A advisory business in the region.
MUFG Bank invests in GLIN Impact Capital 2 to back ESG growth
The investment aligns with the bank’s medium-term business strategy.
Banks bet on 2026 growth as India challenges China for capital
China and India are the markets to watch out for.
Banks risk wealth advisor exits without tech upgrades: Cerulli
Just 8% of wealth advisors in the Americas are not yet using wealth tools.
Weekly Global News Wrap: Stablecoins threaten $500b in deposits; Italy funds bank rescue
And about 100 jobs in Metro Bank are at risk.
Japan Post Bank merges investment arms to form new asset manager
JP Asset Management will be the surviving entity.
Korea’s outstanding deposit rate fell in December whilst loan rates climbed
Rates for new deposits rose during the month.
South Korea rewrites bank loan-deposit rules to push regional lending
Regulators plan to upgrade rules and provide incentives to improve regional banks’ competitiveness.
Indian banks outclass Western peers with high-return, low-leverage model
The study groups India where lower gearing aligns with higher performance.
Security Bank names new wealth segment head
The Philippine bank also announced the retirement of EVP Gina Go.
RCBC names AREIT CEO as independent director
Independent director Erika Fille Legara has been named to the advisory board.
Indian banking returns hit decade-high as global margins shrink
CareEdge report confirms banking metrics are the strongest in years with multi-year low debt ratios.
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