Staff Reporter

HSBC clinches Citi banker to head int’l wealth hub in Singapore

Chin brings 22 years of experience in wealth management and retail banking.

Malaysian banks’ earnings growth to moderate from slower NII growth

Loan growth is expected to recover thanks to more business loans.

BEA teams up with GRCB to expand WMC southbound business

GRCB is BEA’s first WMC partner bank outside the BEA group.

Thailand tightens anti-money laundering measures after UN report

An OHCHR report alleged that Thai FIs provided services for arms procurement.

Financials sector tops Asia Pacific ex. Japan M&A: LSEG

Industrials and high technology sectors were also active in 2024

APAC investment banking fees drop to lowest in 5 years

Its total ECM underwriting fees were its lowest since 2013.

Japan, the Philippines renew bilateral swap agreement

The size of the BSA remains unchanged: $12b for the Philippines and $500m for Japan.

Over 3 in 4 Visa payments in Vietnam are contactless

Over 4 in 5 in Vietnam named mobile wallets as their preferred payment method.

Malaysian private sector loans rose by 5.4% in Nov

Corporate bonds grew whilst business loan growth was unchanged.

OCBC launches bespoke tokenised bonds for corporate investors

They can subscribe to tokens at S$1,000 denominations, for example.

BDO names Jeffrey Alejandro as chief audit executive and IAG head

He worked for ING Bank NV and Citibank NA previously.

RBI lifts lending restrictions of Arohan Financial Services Limited, Kolkata

The company initiated remedial action and submitted its various compliances to the central bank.

Taiwan, Lithuania ink MOU for financial services innovation

They agree to exchange information on emerging market trends and relevant regulatory issues.

MUFG Bank reorganizes overseas securities subsidiaries

Three securities firms will now become direct subsidiaries of the bank.