Staff Reporter
China’s banks set to trim loan rates to bolster borrowing: report
China’s banks set to trim loan rates to bolster borrowing: report
This comes after new yuan loans in July fell to just a quarter of the amount in June.
OCBC, NUS commence study to encourage EV adoption in Singapore
A total of 32,000 OCBC customers are expected to participate in the study.
UOB, Doxa, move Kimly Construction trade financing processes online
Processes affected include the creation of invoices, uploading and validation of supporting documents.
ING Australia names Andrew Hector as head of wholesale banking
He previously worked for ANZ for 13 years.
DBS Hong Kong names Betty Lam as managing director, head of HR
Lam had previous served in senior HR positions for HSBC, AIA, and PepsiCo.
DBS Hong Kong unveils fully-digital card loans
Customers can apply for a credit card via the DBS Card+ app.
Mizuho Bank charged $6.75b negative interest rate by BOJ
This is the first time in 7 months that a megabank was charged.
MUFG Bank launches branch in India’s GIFT City
The bank now has six branches throughout India.
UnionBank transforms wealth digital platform with Avaloq
It will standardize the front, middle, and back office of UnionBank’s wealth mgmt functions.
The ABF Corporate & Investment Banking Awards honours key players in the banking industry across Asia Pacific
A total of 45 winners were awarded for their outstanding performance.
WeChat Pay now available as payment method in Deliveroo Hong Kong
New users are entitled to an HK$50 voucher for single purchases of HK$100 or more.
DBS appoints Dennis Lam as CEO of DBS Vickers Hong Kong
He was former the deputy head of research in DBS Hong Kong.
Australia’s mortgage delinquency rate to rise in coming quarters
It is beset with the same issues as of its peers: inflation and interest rates.
Citi names Aveline San as CEO of Hong Kong and Macau
San joined Citi in April 2019.
Weekly Global News Wrap: Credit Suisse China beset with senior staff exodus; Israel’s Bank Hapoalim optimistic with interest rate rise
And Tencent’s NFT platform to stop selling new NFTs.
Bengalaru remains India’s fintech leader
WealthTech captured most of the seed funding; Marketplace Lending unlikely to rebound.
Recovering business activity props up Thai banks’ revenues
Credit costs will remain elevated in the long-term, however.
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