Staff Reporter
UBS buys Credit Suisse in “emergency rescue”
UBS buys Credit Suisse in “emergency rescue”
The $3.2b acquisition has the full support of Swiss financial regulators, UBS said.
Low risk of bank runs in Asia: analyst
Japanese banks are the most vulnerable and face flat NIM growth.
Indonesia’s Bank BTN names Nixon LP Napitupulu as CEO
They have also decided that 20% of net profits for 2022 will be used as dividends.
US banking fallout has little impact on APAC banks, but contagion risks linger
The evolving situation means that problems from secondary effects may rise in the near future.
MAS in “close contact” with Swiss regulators over Credit Suisse
Credit Suisse recently announced that it is borrowing up to CHF50b.
Corporate banks ramp up data analytics to boost customer acquisition
They also plan to use data and analytics to assess productivity of relationship managers.
How Asian banks can retain their cross-border dominance
The emergence of fintechs is whittling down their dominance.
Value of CBDC payments to reach $213b annually by 2030: study
Adoption will be driven by governments boosting financial inclusion.
Japan bank lending up 3.3% in February
Average outstanding amount totalled JPY598.9t for the month.
NIM, higher expenses drag on Malaysian banks’ earnings growth in 2023
Mid- to high-single digit NIM compression will offset loan growth, an analyst said.
Security Bank face higher funding costs, lower margins in 2023
Loan growth is expected to fall by 9% year-on-year.
Singapore bank profits to peak in 2023, but high rates will dampen lending
Margins will peak mid-year, but loan demand is falling.
Singapore's MAS: banking system sound amidst US bank failures
MAS said that its local banks have “insignificant exposures” to the failed banks.
Citi appoints Bhanu Vohra as India head of commercial banking
He reports to Tushar Vikram and Rajat Madhok.
South Korea’s K-Bank quadruples net income in 2022: report
The neobank now has 8.49 million customers.
ING closes Ant Group’s $400m sustainability-linked derivative
Ant Group will receive rebates from ING when it achieves its sustainability targets.
South Korean bank deposits up by KRW22.3t in February
Transferable deposits rose by KRW21.4t during the month.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
