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Thai banks brace for a rise in loan defaults in 2024: analyst
Thai banks brace for a rise in loan defaults in 2024: analyst
The sector grapples with elevated costs and weak loans, S&P said.
Embedded finance, partnerships to shape future of SEA fintechs
Digital payments, WealthTechs, and cryptocurrency are also slated for growth.
Alipay+ adds 9 int’l e-wallets to Thai ecosystem ahead of CNY
A large number of the 1 million tourists visiting Thailand for the holidays are from China.
Malaysia proposes revisions to Islamic banking regulations
The central bank is inviting feedback to its exposure draft, until 31 March.
Bendigo and Adelaide Bank warns of impersonation scams
Criminals pose as bank brands to phish money and banking information.
Citi Securities Services launched FIX API connectivity in ETF platform
This comes at just the right time with the ETF industry's impending move to T+1.
Hong Kong mulls raising deposit protection limit to HK$800,000
The raise is 60% higher than the previous protection limit of half a million dollars.
Korean financial regulator vows to fight contagion risks from property financing: report
Lee called these real estate PF risks a “detonator” of the South Korean economy.
Korea’s Woori Financial Group logs 19% lower net income in 2023
Dividend income was 50% higher, however.
National Australia Bank appoints Andrew Irvine as new group CEO
He will also become NAB’s managing director, beginning 2 April.
DBS CEO Piyush Gupta takes S$4.14m variable pay cut for tech disruptions
The group management committee’s compensation was reduced by 21%.
DBS proposes bonus share issue for shareholders
The bank plans to give one bonus share for every 10 ordinary shared held.
APAC banks face mounting credit losses from property exposure
Credit losses could rise 7% to $490b in 2023, S&P Global Ratings projected.
Record total income for DBS exceeds $15b FY’23
DBS’ profits soar to $7.7b in 2023.
Citi names Cristina Chang as head of markets for Australia, New Zealand
Chang will retain her role as head of asset backed financing.
Mizuho Financial Group’s net income up 18.2% to $4.3b in 9M FY2023
Its gross profits and credit costs rose.
SMFG profits up 3.5% to $5.3b
An earnings per share of approximately $4 has been announced for the period.
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