Staff Reporter

Industry players across the region gathered in Singapore to celebrate their wins at the Wholesale Banking Awards, Retail Banking Awards, and Corporate and Investment Banking Awards

The e-commerce market will be worth $51b in 2023, according to GlobalData.

US authorities tell banks to fix inaccurate financial statements.

It comes after the Japanese megabank launches its new medium-term business plan.

Slower-than-expected income recovery and rising cost of living are hitting households.

Digital banks could face challenges beyond funding.

This warning goes on the back of a recent social media scam that promoted small-interest loans.

This follows after a 36% increase in the bank’s net interest income during the period.

Mike Ng will assume the group CSO position on 1 August. 

Profits will decline due to a modest narrowing of net interest margins to 2% in 2023.

Profitability is expected to decline slightly, but it should maintain sufficient capital buffer.

SMEs will likely struggle to make payments as production costs squeezes profits.

The partnership aims to service Singapore and Cambodia’s markets.

Banks may face some backsliding in its bad loans ratio, S&P’s Ivan Tan warned.

The new standard will take effect on 1 July 2025.

The CEO did not confirm whether the company is downsizing its workforce.