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Hong Kong’s Fusion Bank launches investment services
Hong Kong’s Fusion Bank launches investment services
They can use the services for a subscription fee of as low as HK$10 or US$1.
Shinhan Bank and E9Pay team up for overseas payment platform
The payment system will cater toward foreigners residing in South Korea.
Chart of the Week: Over 1 in 4 of Taiwan’s online transactions use alternative payments
Over a quarter of Taiwanese online shoppers prefer to pay via alternative payment methods.
Cambodia inks MOUs with Solomon Islands, Fiji for payments innovation
The MOU will see the three countries cooperate in financial innovation.
Project Nexus successfully links Eurosystem, Malaysia, Singapore’s payment systems
For the next phase, Indonesia, Thailand, and the Philippines will link their payment systems with Singapore and Malaysia.
OCBC has disbursed S$3.5b under Eco-Care Loans
Two thirds of Eco-Care Home Loan customers live in HDBs.
HSBC GPB appoints Henry Lam as APAC head of wealth planning and advisory
Lam joins from Credit Suisse.
Walter Liu appointed as new American Express’ head of Asia Region
He will manage American Express teams across Hong Kong, Taiwan, Singapore, and Thailand.
Hang Seng Bank prime lending rate unchanged at 5.625%
The HKD bonus interest rate was also unchanged.
Bank of China HK’s prime, savings deposit rate unchanged
Those with a daily account balance of HK$1m or above will get a bonus 0.001% bonus rate.
UOB CEO Wee Ee Cheong earned S$14.23m in 2023
His base salary remained the same.
US, Europe banking fiascos have little effect on Australian banks: analyst
They have different business models from banks in US and Europe.
2023 Asian Banking & Finance Forum to kick off in Bangkok in April
The forum will also be held in Jakarta, Kuala Lumpur, and Manila.
Singapore reaffirms creditor hierarchy following Credit Suisse AT1 wipeout
Equity holders will absorb losses before AT1 and Tier 2 bondholders, MAS said.
Credit Suisse’s AT1 debt write down to raise market prices for new issuances
This could hamper issuance of new AT1 in the future.
Write-off of CS AT1 securities no risk to SG banks: analyst
The strong corporate governance and risk management add bank confidence.
Standard Chartered’s Straight2Bank launches working capital, loan services
Clients can initiate and approve new loan drawdowns and rollover requests.
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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. SMBC appoints Joy Kwek to lead capital markets & solutions in APAC 4. NAB invests $55m to upgrade over 100 branches across Australia 5. Airwallex gains capital markets services license in SingaporeResource Center
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