Staff Reporter
HSBC China unveils wealth centre in Hangzhou
HSBC China unveils wealth centre in Hangzhou
The wealth centres have an average size of 1,800 sqm, and are upgraded from traditional branches.
Hang Seng Bank, Mastercard launch new multi-currency debit card for businesses
It offers instant debit, secure exchange rates, and free transaction fees.
Standard Chartered unveils sports investing fund for wealthy clients
The fund focuses on sports, media, and entertainment opportunities.
UOB widens sustainable financing access for SMEs
The bank applies a differentiated assessment model.
Chinese state banks’ enhanced policy roles increases support prospects
Banks are expected to log moderate credit growth and no increase in risk appetite.
Indonesian banks face slower loan growth if tariff war escalates
The most severe case would constrain lending and prompt capital preservation.
Airwallex doubles Singapore revenue in 2024
The payments platform grew its headcount by 58% during the year.
Australia’s Big 4 banks to see asset quality ‘moderately’ weaken in 2025
But impaired loans should peak in 2025 then decline in 2026 on falling interest rates.
Thailand’s finance sector expected to log 5% net profit rise in Q1
However, most finance companies will likely miss loan targets
China’s SOE banks to manage tariff risks and weakening trade
Manufacturing is a problem, but capital raising should help keep dividend payout ratios.
Banks should refine AI safeguards on rising complexity and exposure: McKinsey
Having just one committee to oversee all gen AI applications is not a good fit.
Vietnam’s HDBank has enough cushion against aggressive loan growth, tariff impact
Its NPL ratio remained mostly stable, and ROTA is higher than the market average.
South Korean banks to offer English mobile apps, documents to foreigners: report
The number of foreign banking customers have breached 8 million in 2024.,
Fintech funding rises to highest Q1 period in two years
They amassed $10.3b in funding across 777 deals made.
South Korea’s household loans rise at a slower pace in March
Mortgage loans grew, but other types of loans shrank during the month.
Westpac to open three new banking service centres
They will provide face-to-face support for retail and business customers.
Visa, USSC Money Services enable Visa Direct for cross-border B2B payments
Visa Direct facilitates transfer of funds to eligible cards, bank accounts, and wallets.
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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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The Asian connection: China's path to sustainable growth