Staff Reporter
Banks to see $1.68t of credit losses in 2024-2025
Banks to see $1.68t of credit losses in 2024-2025
Banks globally are expected to lose $824b in credit losses in 2024.
Public Bank net profit up 14.3% to $1.08b in 9M 2023
Total loans rose faster than the Malaysian banking industry average.
Financial advisor MoneyOwl given new life with proposed acquisition by Temasek Trust
It will no longer be shutting down its website and app.
South Korea interest rates for new deposits, loans rose in October: BOK
The interest rate for outstanding amounts of deposits and loans also rose.
Philippine court convicts owner of unregistered money exchange business
The owner and operator of Globexmc can no longer own and operate an MSB.
OCBC Hong Kong names Wang Ke as new CEO
The current CEO, Ivy Au-Yeung, will retire on 31 December.
GCash, agrifisheries platform Mayani to offer loans to rural farmers, fisherfolk
They will jointly underwrite and facilitate loans to Mayani’s 144,000-strong network.
Standard Chartered teams up with Visa to offer BNPL to cardholders
They can now split purchase repayments for up to a 36-month period.
Japan’s JCB boosts card acceptance in France with FrenchSys partnership
French acquirers need to perform less certification before they can accept JCB cards.
DBS provides S$180m green loan to refinance Melbourne office tower
The 17-level building in Collins Street is wholly owned by public sector pension fund KWAP.
Japan’s Mizuho invests in SG-based carbon exchange CIX
CIX will use the funding to build out its existing platforms and deepen offerings.
Singapore FinTech Festival 2023 draws record 66,000 participants
Participants came from over 150 countries and regions, from just 115 in 2022.
Singapore’s FIs ready for asset quality risks: MAS
Financial institutions are in strong capital and liquidity positions and have healthy profits.
Here's how OCBC's new money lock feature works
The feature's purpose is to be a strong defence against malware and phishing scams.
South Korean banks’ net income down 23.9% in Q3
Non-interest income and return of assets both fell during the quarter.
GCash now provides real-time forex rates, translates e-money according to currency
GCash users can use the e-wallet in 17 markets.
Korean banks’ delinquency ratio drops to 0.39% in September
The bad loan rate of corporates rose compared to August.
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