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CIMB Group names Datuk Syed Zaid Albar as group chairman
CIMB Group names Datuk Syed Zaid Albar as group chairman
He is the former executive chairman of the Securities Commission Malaysia.
ASIC cancels licence of Financial Services Group Australia
It also permanently banned its responsible manager, Graham Holmes.
India revises instructions for unclaimed and inoperative deposit accounts
Accounts covered are those unoperated and amounts unclaimed for 10 years or more.
Krungsri unveils loan for laundromat franchise Otteri
Financing is offered up to 110% of the total investment for a maximum of THB5m.
MUFG invests in May Mobility for autonomous vehicle deployment
MUFG will help the company scale its fleet to thousands of vehicles, it said.
How Danantara’s plan to acquire BRIS will impact four Indonesian banks
Bank Mandiri, Bank Negara Indonesia, and Bank Rakyat Indonesia mayincur losses.
SMBC Malaysia nabs StanChart banker as head of corporate banking
Wendy Ooi will lead SMBC Malaysia’s non-Japanese corporate banking strategy.
Bank of Ningbo’s established regional presence supports profitability
It reportedly has a good local presence.
Taiwan’s credit card balance rose in April
The amount of undue balance of installment fell from the previous month.
MoneyHero reduces net loss to $2.4m
They are also gearing up to launch Credit Hero Club with TransUnion.
SG digital banks expand into investments and loans to boost profits
One problem they face is that many accounts remain inactive.
Taiwan eyes asset management hub status with law changes
They must retain their branch in the same place for a 7-year period.
APAC companies brace for more “ultra long payment delays” in 2025
Over 57% of 2,400 companies surveyed expect a deterioration in late payments.
Indonesian banks’ liquidity likely to improve in H2
NIM is expected to compress for the Q2 2025 period.
Ant International eyes stablecoin licenses in Hong Kong, Singapore: report
The unit is reportedly seeking a related permit in Luxembourg, according to sources.
Weekly Global News Wrap: UBS face stricter capital reqs; BBVA eyes Abu Dhabi branch
And Citi exec expects banking and trading performances to improve.
BPI unveils SINAG bonds, will finance green and social projects
The bonds are structured with a 1.5-year tenor.
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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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