Staff Reporter
Hong Kong banks to focus on resilience, costs in 2025: KPMG
Hong Kong banks to focus on resilience, costs in 2025: KPMG
Interest rate reductions are likely to be slower.
MUFG Bank reprimanded for securities-related lapses
MUMSS also received a strict warning from the Japan’s Association of Real Estate Securitization.
Hang Seng Bank fined HK$66.4m for overcharging, sales misconduct
It reportedly received HK$22.4m in excess benefits and fees, the HKMA and SFC said.
Alipay, Macau Pass expand partnership for Lunar New Year
Macao Government Tourism Office estimates an average of 185,000 daily visitors.
Bank of Singapore boosts Middle East, GCC operations with six appointments
Yasmine Omari will become the head of Wealth Planning for the Dubai Hub.
Visa, DealMed unveil cross-border card instalment Vietnamese cardholders
75% of surveyed Vietnamese consumers plan to travel for leisure in 2025.
Deutsche Bank bullish on tech-driven sectors
Although, geopolitical tensions and trade policy shifts likely to add further uncertainty.
Aluminum Corporation of China enters Hang Seng, CSI index
This brings the total number of constituent companies to 50.
Commonwealth Bank to sell stake in Bank of Hangzhou to insurer
The Australian bank could make about A$940m in proceeds.
WeChat Pay HK extends services to small merchants in Mainland
The system automatically converts Renminbi payments to Hong Kong dollars.
Hong Kong fintech association unveils AI advisory council
It will serve as the industry voice to share best practices, amongst others.
Toh Su Mei exits ANEXT Bank; Kai Qiu is new CEO
Ant International in the process of rolling out credit solutions for Thai MSMEs.
StanChart, Prudential Singapore’s bancassurance partnership hit 25
This is the longest on record in Singapore.
Wise raises money transfer limits, lowers global average fee
Transfer limits to WeChat recipients is now at RMB50,000.
Auto industry may weigh on Kiatnakin Phatra Bank: analyst
Its Q4 2024 provision is 34% higher than in Q3.
Ageing Aussies may lead to more reverse mortgages
Older borrowers can retain their homes whilst getting equity, according to a bank.
Structured finance sector in Australia, New Zealand poised for ‘strong’ year
Resilient household sector and low unemployment will support the sector.
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