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ING names ex-BofA Merril Lynch banker as APAC corporate finance head
ING names ex-BofA Merril Lynch banker as APAC corporate finance head
Gautam Saxena also founded the venture capital fund Pegasus 7 Ventures.
Endowus launches full-service digital wealth platform in Hong Kong
It is also launching its flagship portfolios in May 2024.
SC Ventures, ENGIE Factory back conservation financing venture
The venture is expected to launch this year.
CIMB’s Dato’ Abdul Rahman Ahmad to step down as group CEO
CIMB has not named a successor yet.
Rising rates lift profitability of Japan’s 77 Bank
The same rising rates will increase the bank’s unrealized losses on its domestic bonds.
Funding to SEA fintechs drop 44% in Q1 but early-stage fintechs fly high
Funding to crypto firms more than tripled compared to Q4 2023.
Philippine National Bank’s profitability to improve on more SME loans
Liquidity is expected to decline as it accelerates lending in 2024.
Superapps to help drive BNPL userbase to 670 million by 2028
Superapps like WeChat and Grab are adopting and offering BNPL services to users.
Overseas Filipinos’ remittances up 3% to $2.95b in Feb
A total of $2.65b in remittances coursed through banks, the central bank said.
Personal remittances from Overseas Filipinos (OFs) grew by 3% to $2.95b in February, according to central bank data.
APAC payments gateway market to rise 30% as cashless economy expands
The market is expected to grow by over 11% between 2023-2027.
Trading platform Banxso secures Australian license
It will offer real-time data, analytics tools, and educational resources.
Bangkok Bank bookmarked $1.09b in cash for Songkran 2024
The cash was expected to have served over 8,000 ATMs and branches.
Revised rules bolster car loans but with influx of lower quality borrowers
The asset quality of auto finance companies will be tested.
Weak home sales risk worsening Chinese banks' bad loans
Banks’ property loan exposure is expected to fall 6% amidst ongoing caution.
Thailand’s SCB, SCG offers green loans for net zero buildings
The loan will help entrepreneurs transition their buildings to net zero structures.
Financial firms lead LinkedIn’s top companies in Singapore
LinkedIn unveils companies list where professionals advance the most.
Citi revenue up 49% to $1.7b in 2023 as corporate lending grew
Both equity and debt underwriting fees rose.
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