Staff Reporter
Hong Kong banks’ credit losses to revert to pre-COVID levels before end-2022
Hong Kong banks’ credit losses to revert to pre-COVID levels before end-2022
The increase in credit losses in 2020 was manageable compared globally.
Citi names Varun Matta as TMT investment banking head for ASEAN
Matta will be a managing director and will also cover some sponsor clients for the region.
Liew Nam Soon joins panel of judges at Asian Banking & Finance Awards 2021
For EY's Asean Regional Managing Partner, digital transformation is not an option today, but a necessity that has been accelerated by the pandemic.
Moving forward: Deloitte’s Financial Services Leader on strengthening the financial industry during and after the pandemic
To move forward, the financial services industry should aspire to a "higher bottom line", says Kok Yong.
Refinitiv launches electronic trading service in Indonesia
This is the country’s first interbank electronic marketplace for the trading of rupiah.
Real-time payment ties cash as preferred payment method in SEA markets
Three in five consumers from four markets name it as their favoured way of paying.
Citi APAC raises record $25b in sustainable funds for clients in H1 2021
Amongst the transactions is Alibaba Group’s $5b four-part offering in February.
HKMA, Hong Kong banks warn public against phishing attacks
Phishing emails and messages detected in the first half were 145% higher.
What does ‘gold standard’ mean for Asia’s payments and e-commerce scene?
The market’s diverse challenges open the door for solutions that tackle country or region-specific issues.
Citi Global Wealth APAC Co-head Fabio Fontainha outlines bank's ambitions
Fontainha expounds on Citi's wealth goals, which include adding $150b AUM across the APAC franchise in four years’ time.
Citi appoints 5 Singaporeans to senior positions across APAC
This includes the new head of Integrated Corporate Bank for its Taiwan business.
Citi Private Bank names southern, western Mainland China global market manager
Seamus Yin will be responsible for leading coverage of clients in central, western, and southern China.
Southeast Asia’s neobank market to grow 50% in 2021
Funding and winding down of the pandemic’s impact on the economy will push this market.
Weekly Global News Wrap: Citi to lift junior bankers' base salaries; StanChart begins banking services in Saudi branch
And JPMorgan acquires ESG investing platform OpenInvest.
Singapore extends ESG loan facility to banks, FIs
Since being launched in April 2020 it has disbursed S$13.3b to FIs in support.
AIA Hong Kong, Bank of East Asia launch bancassurance partnership
They launched seven products that provide comprehensive life, critical illness, savings, and retirement protection.
Internet-only lender K-Bank’s users rise by over 2 million in Q2
As of end-June the banks said that it has over 6.19 million customers.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Bank of America appoints Phil Carmalt as head of APAC GPS 4. HSBC Singapore unveils wealth centre at The Star Vista mall 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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