Staff Reporter

APAC’s non-bank financial institutions face liquidity challenges: S&P

One NBFI failure is enough to trigger a domino effect and collapse a whole market.

CIMB Singapore raises deposit interest rate tenfold to up to 2% annually

StarSaver savings account holders can enjoy the new rate without any deposit caps.

American Express opens exclusive lounge in SG for Centurion card holders

Members can enjoy a complimentary welcome cocktail when they visit.

New Zealand card payments market to be valued $67.1b in 2026

On average, each NZ individual holds over three cards, GlobalData found.

Standard Chartered, FairPrice-backed Trust Bank launches in Singapore

A total of S$400m was invested by its shareholders, the neobank said.

RHB Singapore raises deposit interest rates to up to 5.5%

It attributed this to the “recent spate of competitive rising rates by local banks.”   RHB Singapore has joined the bandwagon of local banks that have raised the interest rates for their deposit accounts.

Bank of China bad loans, capitalization ‘stable’ amidst real estate woes: S&P

BOC’s NPL ratio for mainland real estate loans rose 62 basis points in H1.

SWIFT rolls out pre-payment prediction service for cross-border payments

It identifies possible problems in the future payment based on previous data from 9 billion transactions.

Earnings remain key weakness of Japanese banks: Fitch

Impact of rising interest rates in the US will be mixed, the ratings agency said.

Australian regulator removes Westpac add-on liquidity requirement

The removal of the add-on takes effect this 1 September.

Grab, Singtel-led digital-only bank GXS debuts in Singapore

It has launched a savings account with a customizable pockets feature.

United Overseas Bank soars at the ABF Retail Banking Awards 2022

The bank bagged five major awards for their business projects and initiatives. 

CIMB Group core net profit jump 18.4% in H1

Interim dividend for the period is 13 sen per share.