Staff Reporter
HKMA suspends banker for signature forgery on deposit form
HKMA suspends banker for signature forgery on deposit form
He photocopied a customer's signature on a time deposit application form.
BRI may miss micro loan growth target amidst asset quality concerns
Micro loans were down 0.9% quarter-on-quarter in Q2.
Hong Kongers seek digital channels, F2F meetings in wealth mgmt services
Nearly all use digital channels, yet nearly half still employ face-to-face meetings with advisors.
Ant Group unveils AI financial manager Maxiaoca
It has attracted 70 million monthly active users as of August 2024.
WeLab Bank served as official digital settlement bank for Dear Girlfriends subsidy
The program granted HK$3,300 cash subsidy to over 18,500 female students.
Mobile payments by tourists in China rise sixfold
The number of international tourists using mobile payment services quadrupled.
Thailand’s card payments value to reach $94.5b in 2028
The growth rate will ramp up from the 6.2% rise in 2023.
DBS names Calvin Ong as head of consumer banking in Singapore
Ong will take over from Jeremy Soo beginning 1 January 2025.
Vietnam’s OCB to see loan delinquencies ease through 2026
Profitability will remain below historical levels, however.
Philippine central bank welcomes new monetary board member
Querubin was president and CEO of UCPB from 2003-2007.
Singapore, Hong Kong banks tap APAC family office boom
They can help manage costs, which could balloon to 3% of assets.
Hang Seng Bank taps Derek Ngai as new head of audit
Ngai was head of audit for Hong Kong and Macau at HSBC.
Malaysian banks improve margins in Q2 as deposit costs ease
CIMB leads Malaysian banks in H1 2024 returns.
Health, retirement are affluent Asians’ top financial worries in 2024
Globally, 3 in 10 Baby Boomers surveyed are still behind their savings goals, says HSBC.
Malaysia's private loans grew 5.5% in July
Growth of working capital loans drove up the number of business loans.
Risk mgmt efforts to preserve Citic Group’s capital vs profit pressures
Banking subsidiary to manage “modest growth appetite” despite narrowing margins.
Maybank kicks off Islamic banking operations in the Philippines
It is the first commercial bank in the country to get an IBU license.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. HSBC Singapore unveils wealth centre at The Star Vista mall 4. UOB inks MOU with Accenture for AI adoption and application 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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