Staff Reporter
Australia’s Macquarie well-capitalised despite lower profits
Australia’s Macquarie well-capitalised despite lower profits
Net profit fell by 32% for the fiscal year ended 31 March.
FNZ, abrdn launch digital wealth platform in Singapore
The firms’ platform have over $90b assets administered in the UK.
HK mortgage loans in negative equity surpasses 32,000 in March
The delinquency ratio also jumped to 0.06% from 0.03% previously.
Hong Kong banks’ loans and deposits ‘virtually unchanged’ in March
But banks saw a decline in foreign currency and renminbi deposits.
HKMA denies links to firms claiming to assist in financial fraud cases
The central bank said that it has reported the case to the police.
Hang Seng Bank maintains HKD lending and savings rate
The lending rate is still 5.875% per annum.
HSBC names ex-Citi banker as head of global banking in Singapore
Gilbert Ng has experience in corporate finance and risk management.
HKMA warns of prolonged high interbank rates
The central bank issued the warning post unchanged US fed funds rate at 5.25-5.5%.
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Higher costs and deteriorating loans slow BRI’s profit growth
Cost of capital rose 144 basis points in Q1.
No adverse effects on NAB’s capital after billion-dollar share buyback
Its core capital ratio remains at 11.75%, well-above the target range.
DBS achieves record-high Q1 profit of S$2.96b
Dividend is SGD 54 cents per share for the quarter.
Malaysia’s credit, charge card market value grows to $50.5b in 2024
Credit and charge cards make up 60% of all card payments in the country.
OCBC completes buy of PT Commonwealth Bank Indonesia
Full integration is targeted for Q4 2024.
India's urban e-commerce thriving amidst economic challenges: report
Pandemic-induced restrictions accelerated the adoption of e-commerce.
MAS not extending pause on DBS’ non-essential activities
DBS will still keep the 1.8x multiplier in risk weighted assets, however.
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