Staff Reporter
Citi’s wealth unit selling its trust business: report
Citi’s wealth unit selling its trust business: report
The bank has been on a selling spree since 2022.
Singapore banks’ loan growth, fee income steady in Q2
But treasury customer income is lower after their record highs in Q1.
Taiwan logs 3.9 billion non-cash payment transactions in H1
There were 28.91 million users of electronic payment accounts in end-June.
Taiwan’s active credit cards rise to 39.24 million in June
Amount of undue balance of installment jumped 48.45%.
Siam Commercial Bank’s Mae Manee App undergoes maintenance on select dates
The app is unavailable on certain time periods on August 10, 16, and 17.
Taiwanese banks’ total loans up 0.13% in June
Coverage ratios of allowances for NPLs rose almost 30 percentage points.
Philippine central bank to grant up to 4 new digital bank licenses
The moratorium for new licenses will be lifted on 1 January 2025.
Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
Six Thai banks to sustain improved earnings through 2026: Fitch
They are well-positioned to face risks after years of excessive provisioning.
Early-stage deals shine in Singapore’s fintech space amidst ‘cautious’ investors’
There were 52 early-stage deals in Sinagpore in H1 versus just 25 later-stage deals.
Fintech investments in APAC drop 19% to $3.7b in H1
All regions globally recorded a decline in fintech investments.
Loans extended by Philippine banks up 10.1% in June
Consumer lending expanded on the back of credit card loans.
HKMA preparing law amendments for proposed two-tier bankings system
The central bank has published results of its consultation and new parameters added.
Standard Chartered invests in financial tech platform United Fintech
The bank has been granted board observer rights and a rotational board seat.
DBS names Tan Su Shan as deputy CEO; will succeed Piyush Gupta in 2025
An internal evaluation by DBS found Tan the strongest of all candidates for CEO.
HKMA rules out new virtual banking licenses
Competition is keen in the market and enquiries have declined.
HK virtual banks' record 2.2 million depositors by end-2023
Hong Kong's eight licensed virtual banks experienced modest growth over the past three years.
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1. CIMB Philippines says fund transfer issue ‘resolved’ 2. UOB inks MOU with Accenture for AI adoption and application 3. Cambodia and Japan enable QR code payments between the two countries 4. Standard Chartered appoints Noelle Eder as group head of tech & operations 5. BSP ‘closely coordinating’ with CIMB to resolve unauthorized fund transfersResource Center
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