Retail Banking
ASIC issues warning to influencers promoting high-risk financial products
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.
India revises instructions for unclaimed and inoperative deposit accounts
Accounts covered are those unoperated and amounts unclaimed for 10 years or more.
How Danantara’s plan to acquire BRIS will impact four Indonesian banks
Bank Mandiri, Bank Negara Indonesia, and Bank Rakyat Indonesia mayincur losses.
Bank of Ningbo’s established regional presence supports profitability
It reportedly has a good local presence.
Taiwan eyes asset management hub status with law changes
They must retain their branch in the same place for a 7-year period.
Indonesian banks’ liquidity likely to improve in H2
NIM is expected to compress for the Q2 2025 period.
Singapore's banks leave more jobs unfilled as hiring slows
For every two people who resign, only one post gets replaced.
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1. Japan’s SMFG eyes $1.1b additional investment in India’s Yes Bank: report 2. GXS Bank launches GXS Invest 3. Singapore and China reaffirm green finance cooperation 4. Hong Kong lenders consider making bad bank to offload $25b in soured loans 5. Singapore banks’ interest income expected to come weaker in Q2Resource Center
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