Staff Reporter

Share buyback, Suncorp Metway deal won’t dent ANZ’s credit profile

S&P expects the SML acquisition to be completed in mid-2024.

Ant Int'l inks MOU to ramp up Saudi Arabia expansion

The Ministry of Investment of Saudi Arabia formally expressed support for Ant’s plans.

National Australia Bank, Banked eyes boosting A2A payment adoption

Their tech enables Australian merchants to send PayTo Agreements to customers.

South Africa’s Absa Group expands to China

Absa Group will provide general advisory services to clients based in China.

Chinese banks dominant whilst Japan, South Korean banks’ assets falter

Australian and Singaporean banks’ assets remained steady, S&P’s study showed.

Citi names Damien Tan as head of corporate bank for Singapore

Tan was previously head of local corporates for Citi Singapore.

UOB’s core net profit down 1% to S$1.6b in Q1 as interest income dips

Trading and investment income hit a record high, however.

UOB to maintain good asset quality amidst profitability dip

The bank is also expected to have a steady core capital ratio.

DBS to maintain strong solvency, robust funding: Moody’s

It is anticipated to sustain high profitability with return on assets of around 1.3%.

Why tech is not the focal point of banks’ digital transformations

About 70% of digital transformations fail, an industry expert warned.

Olea, Standard Chartered forge alliance to empower SMEs

The alliance signals a proactive effort to support SMEs by leveraging digital innovation and financial services.

Road closures set around Sports Hub, Marina Centre for OCBC Cycle on 11-12 May

Over 7,000 cyclists are expected to participate at the OCBC Cycle 2024.

GX Bank, Zurich Malaysia ink 10-year bancassurance partnership

They will co-create micro digital insurance products for Malaysians.

BOCHK warns against remittance phishing email

The email reportedly intends to steal customers’ data.