Staff Reporter
Axis Bank’s Citi purchase to improve profits long-term: S&P
Axis Bank’s Citi purchase to improve profits long-term: S&P
Positive effects will only be felt starting fiscal year 2025 and onwards.
MAS, BIS develop prototype supervisory analytics platform
Project Ellipse aims to identify potential risks to individual banks and the banking system.
Axis Bank to buy Citi’s Indian consumer business for $1.6b
Axis Bank expects to gain more or less 3 million customers.
Taiwan bad loans increased to $2.24b in February
The regulator says the asset quality of domestic banks remain ‘manageable’
China’s largest banks resilient to negative shocks in 2022: Natixis
Government stimulus is expected to support loan growth throughout the year.
Bank of China shifts attention back to mainland for growth: S&P
Traction from its wealth management business will support profits.
Malaysia’s Islamic banks headed for more growth: Moody’s
Government support pushes the sector to an upward trajectory.
Weekly Global News Wrap: Britain to unveil crypto regulations; Deutsche Bank CFO now co-deputy CEO
And HSBC steps up scrutiny of Russian clients amidst sanctions.
South Korean banks’ bad loans rise 0.23% in January
Bad loans to SMEs are on an uptick.
UOB chief’s salary climbs to S$10.9m in 2021
The group also reported a 40% surge in net profits for 2021.
Thailand bars use of cryptos as mode of payment
The government said that digital assets are a threat to the nation’s financial system.
Fintech Ant Group appoints new general manager for SEA
Jia Hang will be based in Singapore.
One in three Singaporean consumers turn to BNPL to manage money: study
But consumers’ aversion to debt pulls back wider adoption, RFI Global found.
Thai banks bad loans will rise to highest since GFC: S&P
Regulatory forbearance is only delaying the inevitable, the ratings agency warned.
Fintech Validus buys Citi’s CitiBusiness loan portfolio in Singapore
It’s the first fintech in SEA to acquire an established bank’s loan portfolio.
Singapore forms buy now, pay later working group to develop framework
The working group is calling out to local organisations offering BNPL to join their ranks.
Travel-seeking Millennials, Gen Z could boost buy now, pay later: study
BNPL services could even inspire a lifetime of loyalty, according to GlobalData.
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