Staff Reporter
DBS appoints Dennis Lam as CEO of DBS Vickers Hong Kong
DBS appoints Dennis Lam as CEO of DBS Vickers Hong Kong
He was former the deputy head of research in DBS Hong Kong.
Australia’s mortgage delinquency rate to rise in coming quarters
It is beset with the same issues as of its peers: inflation and interest rates.
Citi names Aveline San as CEO of Hong Kong and Macau
San joined Citi in April 2019.
Weekly Global News Wrap: Credit Suisse China beset with senior staff exodus; Israel’s Bank Hapoalim optimistic with interest rate rise
And Tencent’s NFT platform to stop selling new NFTs.
Bengalaru remains India’s fintech leader
WealthTech captured most of the seed funding; Marketplace Lending unlikely to rebound.
Recovering business activity props up Thai banks’ revenues
Credit costs will remain elevated in the long-term, however.
Financial digital apps evolve to “3.0” phase as customers’ seek one-stop-shop
Customers increasingly seek a single app that can meet all their financial–and even non-financial–needs.
More Wealth, Higher Expectations: Why new frontier of wealth banking lies in the digital and the RM
As the role of the relationship manager evolves, banks must build the right digital platform in order to meet clients’ expectations.
Malaysia’s card payment market value to grow 15.2% in 2022
A perfect storm for card adoption is brewing in the country.
China’s new bank loans plummet in July amidst COVID fare-ups, property jitters
Analyst warned that new lending may continue to disappoint in the near term.
Property woes, unemployment threaten structure letting Chinese banks offload bad loans
NPL securitisations allows banks to sell NPLs to a vehicle.
Dah Sing Bank temporarily closes its Maritime Square Branch
It will reopen in 13 August.
Grab unveils US$1m GrabScholar programme, new GrabMerchant Centre
The superapp aims to support small businesses and upskill the future workforce.
BOC HK, BOC Life launch green savings insurance plan
It offers up to a 3% annualised guaranteed rate of return at policy maturity.
Atome Financial secures US$100m debt facility with HSBC Singapore
It operates buy now pay later platform Atome and Indonesia’s Kredit Pintar.
Asset quality of South Korea’s big banks to remain supported as interest rate rise
But bad loans are expected to rise moderately.
India tightens rules for digital lending
Lenders may no longer increase credit limits without the consent of the borrower.
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