Staff Reporter
Navigating liquidity challenges for VCs in Asia Pacific
Navigating liquidity challenges for VCs in Asia Pacific
Beyond legal restructuring, technology is beginning to play a larger role in addressing liquidity challenges.
Higher interest rates, fees lifts MUFG’s profitability
Earnings contribution from subsidiary banks will also support its profitability.
Maybank’s net profit up 4% to $1.23b in H1
Loans increased in Malaysia and Singapore but fell in Indonesia.
Cathay United Bank, RCBC to jointly promote Taiwan investments to the Philippines
CUB saw an increase in clients seeking advisory services for market entry in the PH.
Crédit Agricole CIB names Quentin Galmiche as APAC head of corporate & leveraged finance
Galmiche has been chief of staff to the CEO of Crédit Agricole CIB since 2022.
Indonesians can now pay with national standard QR in Japan
They can use QRIS to pay in Japanese merchants scanning the JPQR.
China and New Zealand renew currency swap facility
It is valid for 5 years and has been renewed three times before.
South Korea’s new loans, deposit interest rates dip in July
Average loan rates to the corporate and household sectors fell.
Singtel and UOB relaunch credit card with 12% cashback
The card also removes foreign currency transaction fees, offering increased utility for overseas spending.
Maybank Singapore’s profit before tax down 5.8% to S$363.82m in H1
Net fund-based income rose 17.9% due to balance sheet growth and cost management.
HSBC fined HK$4.2m for disclosure breaches in research reports
It is estimated to have affected disclosures in over 4,200 reports.
StanChart, Ant, Swift launch bank-to-wallet payments using ISO 20022
The first transaction was completed between a StanChart account and an e-wallet.
CBA names Belinda Allen as new head of Australian Economics
Allen is tasked with the bank’s Australian economic forecasts, amongst others.
Ping An Bank past the worst point for net profit growth: analysts
Net profit decline in Q2 was narrower than recorded in Q1.
NAB to require facial biometrics for new customers
Customers will be required to scan an identification document and face match.
SMBC builds Africa presence with four new collaborations
It aims to support trade and investment, financing, and alleviate food shortages, it said.
ANZ prevented, recovered over A$100m in scam and fraud-related funds
Its customers' financial losses to scams fell by 15%, the bank said.
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