Staff Reporter

CBA has agreed to maintain a 5.57% shareholding in the bank until Feb 2025.

Jain first joined Standard Chartered in 2019 as CEO of its Indian securities business.

DBS, OCBC, and UOB have reportedly stopped issuing letters of credit.

One of the three failed to meet market expectations.

The government is also donating US$100,000 for Ukranians’ humanitarian needs.

This comes after Beijing vowed to keep the property market stable.

This is expected to create 13,000 jobs in the country.

Financial services industry has become a hotspot of digital innovation, driven by changing customer expectations, heightened competitions by new entrants and incumbents, stringent regulations, and technological advancements. Embracing the digital world is a strategic imperative to ride the economic recovery wave and build business resiliency. The pandemic exposed many productivity gaps between companies that adequately invested in digital platforms to continue business operations with a remote workforce, and those who were still reliant on manual processes.

IATA Pay offers instant payment options such as UPI Scan & Pay and UPI Collect.

Q4 2021 net profit rose to $330m.

The bank got a boost from a significant reduction in impairment losses.

Credit losses in 86 banking systems globally are expected to equal $635b in 2022. 

The bank recently closed its Causeway Bay branch.

Proposed final dividend was increased to 28 cents per share.

The members-only exchange is one of the world’s first bank-backed digital exchanges.

Xie Wen and Mohamed Kerain are tasked with growing SC’s CPBB business.