Staff Reporter
Weekly Global News Wrap: US to bar Russian bond payments through US banks; England warns profit hit should banks fail to take climate action
Weekly Global News Wrap: US to bar Russian bond payments through US banks; England warns profit hit should banks fail to take climate action
And Barclays identifies material weakness in the internal control process.
Hong Kong fintech krip launches deals, offers platform for credit card users
Users can access over 6,000 deals from 3,000 merchants.
Bank of Singapore appoints wealth planning head for Greater China
The bank has also hired a senior wealth planner, to be based in Singapore.
Grab unveils new financial brand GrabFin
It also rolled out its investment product, Earn+, with a projected yield of up to 2.5% per annum.
Foreign banks in South Korea see earnings fall in 2021
Fee and commission income shrank by over 230% during the fiscal year.
Citi Australia appoints Mark England as new head of securities services
England is currently APAC co-head of sales for Citi Securities Services.
Liechtenstein’s VP Bank scales up Asian operations with new hires
The bank has appointed Johnny Heng as head of its Singapore branch.
Philippine-based Netbank launches all-in-one financial app for overseas workers
Filipino foreign workers can remit and send money to the Philippines at a lower cost.
Lockdowns threaten Chinese banks' loan quality: analyst
Exposure to the ‘vulnerable’ engineering & construction sector could deteriorate asset quality.
Chart of the Week: Mobile wallet payments pick up pace in South Korea
High smartphone and internet use drive its use.
APAC card market to grow 13.7% in 2022
China remains king of the credit and charge card market in the region.
Mizuho taps Deloitte partner as new exec, deputy compliance officer
The appointments are effective 1 June.
Singapore fintech talents record 2nd highest turnover rate globally: study
Beyond attractive compensation, fintechs should also emphasise wellbeing, flexiwork.
Mastercard forms Greater China Division
Greater China Division President Dennis Chang will serve as its head.
Citi Global Wealth appoints new COO
Valderrabano worked with Coca-Cola prior to joining Citi.
Outseer holds roundtable to stop fraud right at the doorsteps
The roundtable will discuss various measures to counter cyberthreats and fraud risks.
Malaysia’s new digital banks fated to remain niche in medium term
Regulatory limits and competition make it unlikely to break into the mainstream until 2026.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans 4. Bank of America appoints Phil Carmalt as head of APAC GPS 5. HSBC Singapore unveils wealth centre at The Star Vista mallResource Center
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