Staff Reporter
Norinchukin’s capital raising signals support, but high rates still a problem
Norinchukin’s capital raising signals support, but high rates still a problem
Unrealised losses on bonds climbed higher in Q2.
Malaysia’s business loans slated for up to 7% growth in 2024
However, softer credit demand is seen from the household segment.
WeChat Pay Malaysia ceases e-wallet services
Payment services will cease on 1 September 2024.
PT Bank Tabungan Negara (Persero) Tbk leads in technology and operations at ABF Wholesale Banking Awards 2024
BTN's strategic IT advancements and operational efficiencies secure top honours, affirming its role as a pioneer in the Indonesian banking industry.
Taiwan’s virtual banks tout corporate banking and FX to reach profitability
All 3 banks reported narrower losses in 2023.
Weekly Global News Wrap: Morgan Stanley offers Bitcoin ETFs; Berkshire Hathaway sells $3.8b BofA stocks
And Wells Fargo is under investigation over issues in its AML programs.
Thailand postpones card repayment rate hike amidst borrower struggles: report
The central bank will continue to promote consolidation of home and retail debt.
Less Hong Kong SMEs find credit approval more difficult in Q2
But more SMEs now find securing debt “easier” as well.
Higher interest and fees lift Japan’s SMFG to record profit for Q1
Net interest income is expected to rise by a further JPY100b.
Hong Kong banks expand fraud alert system to retail transactions
Customers will receive alerts for “high fraud risk” fund transfers, amongst others.
Hong Kong, China ink MOU for linkage of fast payments systems
Central bankers also discussed financial cooperation between their markets.
Malaysia's bid for BRICS membership to spur banking overhaul
However, challenges abound when moving away from U.S. and SWIFT reliance.
BofA names Winnie Chen as head of APAC global payments solutions
Chen will begin her duties in September 2024.
Malaysia launches amended Money Services Business Act
It clarifies offenses and the punishment for illegal operators.
HashKey OTC gets Singapore license to offer DPT services
It previously operated under an exemption.
South Korea’s deposit, loan interest rates dip in June
Average interest rates for new and outstanding loans and deposits fell.
Norinchukin Bank redeeming over $4.6b of perpetual loans
The redemption is part of the bank's efforts to improve its investment portfolio.
Thought Leadership Centre
Most Read
1. Mizuho to acquire majority of Upsider’s shares for $309.8m 2. SMBC appoints Joy Kwek to lead capital markets & solutions in APAC 3. NAB invests $55m to upgrade over 100 branches across Australia 4. Airwallex gains capital markets services license in Singapore 5. Standard Chartered HK automates onboarding processes of SMEsResource Center
Read Here
Advertise
Sign Up
Event News
It continues to lead Taiwan’s banking sector by leveraging behavioural insights, advanced AI, and a strong focus on personalised service.
Commentary
What kids without wallets can teach us about the future of finance
What is best practice when setting up an in-house bank?
How technology and regulation are reshaping the lending landscape
Protecting against the mobile Trojan horse in your pocket
Beyond the code: How mobile banking is weaving a new financial narrative in Asia