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Fubon Bank to benefit from UOB’s China retail banking exit: S&P
Fubon Bank to benefit from UOB’s China retail banking exit: S&P
Fubon has the economies of scale to get more traction out of the business.
Airwallex expands into New Zealand
It appointed Lowry Gladwell as associate director of New Zealand.
OCBC leads regional sustainable finance rankings in 2024
As of September 2024, the bank’s sustainable finance loan commitments reached $64.7b.
Alipay enables Amex card linking to pay in China
Alipay now enables 7 international card brands to pay in China.
HK’s card payment market to grow 11% in 2025
Credit cards accounted for 77.7% of the overall card payment value in 2024.
StanChart adopts ICC principles for sustainable trade finance
The principles include a standardised approach to assess how proceeds were used.
RCBC transforms mobile phones to payment terminals for MSMEs
Merchants will be able to accept Mastercard and Visa card payments.
Singapore marks completion of transition to SORA
Over 87,000 retail loans were transitioned to the new benchmark rate.
OCBC logs 8% net profit rise to S$7.59b in FY2024 on higher wealth income
Its earnings per share is S$1.67, and total dividend is S$1.01.
StanChart's cost-cutting to weigh on 2025 profits but wealth segment strong
The bank should be able to manage real estate challenges in Hong Kong, China, SoKor, says S&P.
Taiwan proposes amendments to securities regulations
Amongst changes include a capital requirement of NT$100m for dealers.
South Korea’s corporate financing through issuances up 28.5% in January
IPO proceeds tripled, but rights offerings plunged during the month.
Indonesia, Thailand, Malaysia harmonise local currency transaction framework
Portfolio investments are now part of the eligible cross-border transactions.
CTBC Bank Philippines revamps online corporate banking portal
It offers real-time updates and flexible workflow set-ups.
Manulife, Maybank unveil new retirement investment plan
The plan utilised a glide path approach, which adapts to a client's evolving needs.
Norinchukin names new CEO, establishes new senior director roles
Its research and asset management leaders are nominated as Director and Senior Managing Officers.
Standard Chartered’s profit up 17% to $4.04b in 2024
Its earnings per share is 141.3 cents.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Bank of America appoints Phil Carmalt as head of APAC GPS 4. HSBC Singapore unveils wealth centre at The Star Vista mall 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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The Asian connection: China's path to sustainable growth