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HSBC Singapore, MSIG enter 15-year bancassurance partnership
HSBC Singapore, MSIG enter 15-year bancassurance partnership
MSIG will distribute commercial and personal insurance solutions to HSBC’s SG customers.
Citi names Vikram Singh as CEO of Malaysia franchise
He reports directly to South Asia and ASEAN head Amol Gupte.
Citi’s institutional, corporate banking arm in Asia sees 14% higher revenue in Q1
The Institutional Clients Group’s net income for Asia went up 31% compared to Q1 2022.
India’s Yes Bank records 45% net profit drop: report
Net profit fell much lower than anticipated by analysts.
Singapore and China launches taskforce for green finance
The collaboration will be co-chaired by Gillian Tan and Dr. Ma Jun.
Steady margins will push Daegu Bank to stable profits in 2023
The bank’s dividend payouts will remain at current levels of 40% to 50%, Moody’s reported.
Japan’s Chiba bank to maintain above domestic average profitability
The bank will maintain strong loan quality and liquidity, Moody’s said.
MAS unveils Finance for Net Zero Action Plan
The new net zero plan has expanded to include transition finance.
Australia's Airwallex sets foot in Canada, targets to expand in the Americas
Canadian businesses can create payouts to 150 countries.
SG fintech Adyen appoints Priyanka Gargav as country manager
She will continue her role as head of commercials for SEA and Hong Kong.
CIMB Bank and OxPay join forces for digital payment solutions
The partnership will serve as a starting point for additional talks that may involve signing separate agreements.
HSBC says split bank would result in ‘erosion of earnings’
The bank responded to the strong statement regarding a break-up plan by Ping An.
Weekly Global News Wrap: UBS to retain only few Credit Suisse senior bankers; open banking to increase liquidity risk
And the UK must make it easier for banking staff to work remotely, says industry body.
Chinese banks' bad loans to hit $95b in 2024
Stress from property sector continues to weigh.
Asian Banking and Finance Forum 2023 arrives in Jakarta in May
Attendees will gain firsthand insights into the trends and developments in Asia’s banking and insurance sector.
Digital finance platform Funding Societies has disbursed $3b of funding to SMEs
The company offers lending, payments, and collections services.
BNP Paribas launching wealth management business in Thailand: report
It will use the bank’s platform in Singapore.
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1. Mizuho to acquire majority of Upsider’s shares for $309.8m 2. Singapore launches electronic deferred payments to ease cheque phase-out 3. NAB invests $55m to upgrade over 100 branches across Australia 4. Airwallex gains capital markets services license in Singapore 5. SMBC appoints Joy Kwek to lead capital markets & solutions in APACResource Center
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