Staff Reporter

Weekly Global News Wrap: US banks’ profits to fall; Crypto lender Celsius goes bankrupt

And UBS appoints Iqbal Khan as head of its wealth management division.

Investment to Singapore fintechs in Q2 down 55% from Q1

Blockchain & Crypto firms snagged the lion's share of deals, but enthusiasm may wane amidst new regulations.

Bank of East Asia joins the Partnership for Carbon Accounting Financials

BEA is required to disclose data publicly on financed emissions within the next three years.

DBS Hong Kong unveils new eco-friendly casual uniform for branch staff

The polyester used is partly made from recycled plastic bottles.

Indonesia’s LINE Bank launch two new digital loans

The loans feature flexible repayment options.

South Korean banks to further ease lending in Q3: report

Household loan growth has slowed as borrowing costs rose, according to Yonhap.   Banks in South Korea are expected to further ease lending in the third quarter, even as credit risks are expected to rise, reports Yonhap, based on a survey conducted by the Bank of Korea (BOK).   An index gauging banks’ attitude toward home-backed loans and unsecured household lending stood at 14 and 19, respectively, for the July-September period, according to the findings of a poll of officials handling credit affairs at financial institutions (FIs)—which include 18 banks.   A reading above zero means the number of lenders that will ease lending surpasses that of banks planning to tighten lending criteria. 

Prosperity REIT enters first sustainability-linked interest rate swap with DBS Hong Kong

 The REIT secured a five-year HK$800m sustainability linked term loan with the bank in 2021.

India crackdown on non-bank lending to hit fintech investments

Deal activity in Q2 was 25% lower than the previous quarter.

30% of Singaporeans to have digital bank accounts by 2023

In 2022, the percentage of adults who have a digital bank account climbed to 21%.

Chinese depositors call to release savings from frozen assets of 6 rural banks: report

The head of these banks' parent company is on the run and wanted for financial crime.

South Korea regulator calls for banks to intensify loan assessment: report

Fast-rising interest rates are expected to hit borrowers’ capacity to repay loans.

Singapore’s credit, charge card payment market to grow 6.5% through 2025

The value of debit card payments will grow by 7.2% in 2022.

Chart of the Week: APAC investment bank fees down 9% in H1

ECM fees fell 42% after a record-setting 2021.

Dah Sing Bank partners with Japan’s Norinchukin to promote Japanese food, agri products

Dah Sing’s board has also appointed Junji Mori and Yuichi Tashita of Norinchukin as managers.

MUFG sells shares in Hong Kong’s Dah Sing Bank

MUFG’s predecessor Sanwa Bank had bought 13% of DSFH shares in 2000.

DBS Hong Kong launch Green Mortgage

Customers can earn cash rebates of up to 0.1% upon successful application.