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Zhongzhi bankruptcy amplify contagion risks of non-bank wealth management products: analyst
Zhongzhi bankruptcy amplify contagion risks of non-bank wealth management products: analyst
Shadow bank Zhongzhi filed for bankruptcy in January 2024.
Former PH finance secretary appointed to monetary board
He joins a seven-member board headed by BSP governor Eli Remolona, Jr.
Maybank Singapore unveils CPF time deposit for 2.9% per annum
They must allot at least S$20,000 from their CPF ordinary accounts to the time deposit account.
Thailand’s Krungsri teams up with Klook to elevate position in travel market
Exclusive privileges will be offered to the bank’s customers.
Weekly Global News Wrap: Citi to cut 20,000 jobs in two years; Spain’s BBVA expects higher dividend payout
And crypto firms in UK are introducing new risk assessment and profile tests ahead of stricter regulations.
Hong Kong’s Bank of East Asia inaugurates tower in Qianhai
It will serve as the bank’s strategic hub in the Greater Bay Area.
Krungsri launches cross-border QR payments to Hong Kong
Travelers need only to pay using the KMA krungsri app.
BRI’s BRImo app now has 30.4 million users
There were only 2.9 million users in 2019, in comparison.
BDO to issue $89.2m in fixed-rate sustainability bonds
It has a tenor of 1.5% years and a coupon rate of 6.025% per annum.
Maybank Investment Bank COO Tengku Ariff Azhar Tengku Mohamad named OIC
This is until a new CEO is appointed.
Mastercard on why biometrics is the future of secure payments
Today it’s a finger tap, tomorrow you may only need your face to pay, says Mastercard’s Karthik Ramanathan.
1 in 3 Singaporeans use digital investment apps
There is a desire in the local population to increase private wealth, says UnaFinancial.
BPI doubles GCash e-loading fee
GCash loading via ECPay fee will be charged PHP10 starting March.
Malaysia’s Alliance Bank opens new branch in Saradise Kuching
The branch has launched exclusive offers to commemorate the launch.
South Korea to fine two global investment banks for naked short selling: report
The two banks made five naked short selling orders between 2022 and 2023.
Singapore now has S$3.2b in funds ‘locked’ to prevent scams: ABS
Around 38,000 accounts now make use of local banks’ money lock feature.
Boost-RHB digital bank clinch official approval to commence operations
Boost Bank aims to pave the way for a new era of embedded finance
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1. Mizuho to acquire majority of Upsider’s shares for $309.8m 2. Singapore launches electronic deferred payments to ease cheque phase-out 3. SMBC appoints Joy Kwek to lead capital markets & solutions in APAC 4. NAB invests $55m to upgrade over 100 branches across Australia 5. Airwallex gains capital markets services license in SingaporeResource Center
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