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Citi winds down China consumer banking business
Citi winds down China consumer banking business
The exit does not include its institutional business, Citi said.
HSBC to stop funding new oil and gas projects: report
They will continue to finance energy companies at a corporate level to help them transition.
Foreign banks in China face growth challenges in 2023: Fitch
Their share of system assets in 2021 is just 1.4%, with only a 0.5% growth.
CIMB Singapore offers online fixed deposit rates of up to 4.2% p.a.
Promotion is valid until 31 December 2022.
Standard Chartered upskills 8,000 Singapore employees through diSCover
The portal offers over 400 courses in specialist areas.
MUFG Bank signs BTNZ as first client for green deposits product in New Zealand
The funds are used for green loans in clean transportation and green development.
Hang Seng Bank warns of fake KOL Hazel Instagram account, website
The bank said that it will never ask customers to log in through embedded links.
Standard Chartered names ex-East West banker as Asia head of client coverage
Huang will be based in Hong Kong.
Standard Chartered names David Rego as global head of payments, transaction banking
He is currently the global head of liquidity, deposits, and escrow solutions.
KASIKORNBANK buys controlling stake at Bank Maspion for $186.5m
It now owns 67.5% of the Indonesian bank.
China’s shadow banks scramble for new business as property credit collapses: report
One shadow banking employee saw his yearly pay plunge from $500,000 to $34,000.
Weekly Global News Wrap: Cash use down to 15% of British shopping transactions; Goldman Sachs to cut senior bonuses
And Credit Suisse closes $4.25b capital raising.
Hong Kong’s Fusion Bank offer digital loans for BYD electric cars
The loan has an annual percentage rate (APR) of as low as 3.9%.
9 in 10 finance professionals say open banking is a key part of a bank’s landscape
More than half said it’s now a “must-have” for banks.
DBS to launch IATA Pay in Hong Kong, Indonesia, Singapore
Airlines can access up to US$20b in savings from payment processing fees.
Hang Seng Bank appoints new Chief Marketing Officer
Jordan Cheung will take the position, starting 19 December.
CIMB unveils sustainability-linked treasury programme
Clients may get a rebate upon achieving ESG-related targets.
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