Staff Reporter

Cheng was head of Asia Equity Strategy for JP Morgan Private Bank.

NIMs are expected to rise and outweigh asset quality deterioration in the near term.

Bhatia will continue his role as head of GSB Asia Pacific.

Average interest rate for new deposits rose 15 basis points from April.

Inflows from Mainland China will support the city, but issues are challenging this role.

Payments sector needs to strike a balance between convenience and security.

The gig economy-focused digital bank now has over 700,000 users.

An analyst said one of the banks will have an earnings growth of 15.9% in 2023.

This follows after CPL’s consumer banking business was acquired by NAB.

Establishment of the new branch is slated for early 2023.

Almost half of the total value of business-to-business invoices was overdue.

It will cover six markets, with HSBC and Allianz offering life and non-life products.

Jahrling joined Citi as co-head of ECM in 2021.

The new rate is 0.03 percentage points higher than the previous 2-year fixed rate.

Expect more digital banking features to be rolled out and possibly even the rise of megabanks amidst an increasingly digital-savvy banking and finance sector that seeks instant fulfillment, senior executives of three of Asia’s top banks told attendees of ABF Summit 2022 Day 1 closing panel moderated by Andrew Gilder, Asia-Pacific Banking and Capital Markets Leader; Global Corporate, Commercial and SME (CCSB) Banking Consulting Leader, EY.

The card offers up to 10% cash rebate and Pay Later options.