Staff Reporter
China and Egypt strengthen cooperation on settlements, CBDCs
China and Egypt strengthen cooperation on settlements, CBDCs
They are enhancing cooperation in local currency settlement.
Singapore and China reaffirm green finance cooperation
They are advancing discussions on taxonomy criteria for transition activities.
OCBC CEO Helen Wong to retire; Tan Teck Long named successor
Post-retirement, Wong will remain chairman of OCBC China and director of OCBC HK.
OCBC Bank Hong Kong sets up team to support entrepreneurs
OCBC Group is aiming to disburse S$5b in loans to entrepreneurs by 2028
Australia court upholds five claims against Mayfair 101 head
Mayfair 101 made multiple false and misleading representations in marketing some of its products.
Japan’s megabanks brace for lower earnings growth on US uncertainties
They only expect a 7.9% net income growth, lower than the 25.3% previously.
Taiwanese banks’ outstanding loans and NPLs declined in May
The coverage ratio rose during the month.
Taiwan credit card balances edge down in May
The balance of revolving credit and undue balance of installment both fell.
SMBC invests in space transport and satellite integration startup
The megabank seeks to help grow Japan’s space industry.
BOC International’s investment risk is limited, profitability stable: report
Its brokerage income has remained stable in the pats 4 years.
Aspire now part of Amazon Payment Service Provider Program
Sellers can receive Amazon payouts directly into Aspire’s local currency accounts.
Natixis CIB expands APAC investment banking team with two hires
Thaddeus Tien and Omkar Joshi will both be based in Singapore.
Bangkok Bank enables Paybooc QR payments in Thailand
Koreans using the Paybooc app can now make QR payments in the country.
Banks to participate in Australia’s tokenised asset settlement research
There will be 24 use cases explored in the project.
Bank of Singapore unveils new asset allocation framework
It promotes diversification and focuses on minimising loss in the worst-case scenarios.
South Korean banks’ deposits and household loans expanded in June
Corporate loans and asset management funds fell.
Krungthai Bank to perform ATM system maintenance
ATM and ATM+ services won’t be available on certain dates and times in July.
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