Staff Reporter
Hong Kong rate cuts provide ‘modest’ relief to borrowers
Hong Kong rate cuts provide ‘modest’ relief to borrowers
Banks in the city still face profitability pressures, CRE-related woes.
Thai banks to reduce credit costs towards Q4: analyst
Earnings rise of 2% on average expected for Q3.
Axis Bank, Mastercard, launch credit card for business owners
Cardholders will gain access to select airport lounges and are offered travel insurance.
Citi partners with Apollo to form $25b private credit
The program will launch in North America; may expand to other markets in the future.
Typhoon debt relief to squeeze Vietnamese banks profitability
It will delay the formation of bad loans.
EFG Bank clinches three Citi bankers to bolster Hong Kong operations
Seamus Yin, Miao Miao, and Lianghan Chen all previously worked at Citi Private Bank.
South Asia, SEA have ‘greatest potential’ for fintech lending: study
South Asia’s fintechs and young population lifted its rankings.
Citi names Tokiya Kishie as head of markets for Japan
He is tasked with driving growth and leading the markets franchise in Japan.
Delinquency rate of South Korean banks at 0.47% in July
The volume of resolved loans was lower than in June.
Taiwan’s financial regulator names new director general for financial examination
Chen-chang Tong assumed his new role on 25 September 2024.
Taiwanese banks extended $395.26m SME loans in July
SME loans accounted for 64.4% of all corporate loans.
YouBiz, CloudMile announce AI and cross-border payment partnership
Companies using a YouBiz corporate card will receive up to a 5% discount.
Chart of the Week: NZ card payments to reach $75.1b by 2028
The market is expected to grow at a compound annual growth rate of 4.1%.
DBS launches financing, hedging solutions for EU ETS climate obligations
EU ETS is the world’s first carbon emissions trading scheme.
Hong Kong banks can handle CRE risks: analyst
They’ve been implementing measures to lower China-related property exposures.
ZA Bank unveils foreign exchange time deposit
Users can access it via the deposit page in the ZA Bank app.
SG WealthTech platform StashAway launches HNWI wealth offering in the UAE
Clients in MENA with $100,000 of assets with StashAway will be upgraded to Reserve.
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