Staff Reporter
Rising mortgage prepayment trend pressures Chinese banks’ profits
Rising mortgage prepayment trend pressures Chinese banks’ profits
Households are taking a more conservative stance on home loan leverage, noted Fitch Ratings.
BOCHK adds UBS green investment fund to mobile platform
The fund has a 6% per annum dividend distribution and allocated 20/80 in stocks and bonds.
Fintechs scale back and fold as funding channels dissipate
The high interest rate, low growth environment has made VCs and private equities more selective on where to invest
China’s reopening to boost Thai banks’ loan quality
The upsurge in tourism will spur the economy, and improve businesses’ repayment capabilities.
Taiwan’s FSC accelerates financial cybersecurity measures with new action plan
Some measures include appointing Chief Information Security Officers.
KBank named in Dow Jones Sustainability Indices for 7th straight year
KBank has also earned CDP A List from the Carbon Disclosure Project.
Weekly Global News Wrap: JPMorgan expects 20% revenue drop in Q1; CBA reports record profits
And Apple may look into into customers’ spending history, device ownership for BNPL services
DBS Digital Exchange's Bitcoin trading up 80% in 2022
The members-only exchange also doubled its customers during the year.
Commonwealth Bank of Australia’s earnings to remain robust over next 2 years: S&P
Housing risks lessen as local house prices continue its correction.
JCB has issued 1 million cards in India
RuPay JCB cardholders are eligible for a 40% cashback on select international transactions.
China’s new risk classification to improve banks’ transparency over bad loans: S&P
S&P estimated an NPA ratio of 7.6% as of end-2022 vs reported NPL ratio of 1.71%.
Deutsche Bank taps ex-BNP Paribas, Credit Suisse China leads as North Asia wealth heads
Kevin King and Stella Lau will be based in Hong Kong and Singapore, respectively.
DBS appoints Sebastian Paredes as head of North Asia
Paredes will continue in his role as CEO of DBS Bank (Hong Kong).
DBS names new group head of consumer banking, Singapore country head
She Tse Koon takes over from Sim S. Lim, who is retiring from executive duties.
High interest rates carry DBS to record net profit of $6.14b in 2022
Total income surpassed S$16b for the first time in the bank’s history.
Trust for Singapore banks rises for second consecutive year: study
The index rose to 70 points, indicating high trust in banks.
How digital mortgages will overhaul traditional banking models
Traditional banks will have to overhaul their branch-based models to appeal to modern homebuyers.
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