Staff Reporter
HSBC Global Private Banking names Kapil Khanna as desk head for three markets
HSBC Global Private Banking names Kapil Khanna as desk head for three markets
Khanna was head of international investment counselling in HSBC.
Digital wallets dominate Singapore’s e-commerce payments value
Cards remain the top choice for point-of-sales (POS) spending, according to Worldpay.
Franklin Templeton gets approval to launch first retail tokenised fund in Singapore
Investors will be able to access the fund with a minimum investment of US$20.
Singapore banks deliver resilient Q1 earnings and reaffirms capital mgmt plans
Exposure to clients exporting to the US accounted for just 2% of loans.
Indonesian banks won’t be hit by export-related woes
Their exposure to export-oriented companies is small at 2.5%.
PayPal enables payment acceptance from over 200 markets
The new solution allows businesses to hold multicurrency balances.
NBFCs emerging as key lender to India’s micro and small businesses
They outpaced banks in growing their share of MSME loans.
SMBC board opposes proposals to amend articles on financial and climate risk
The board said that the proposals are inappropriate.
OCBC integrates stockbroking subsidiaries to Global Markets division
The bank expects to develop “more holistic” wealth propositions for its HNW customers.
SMBC names Luis Pereira as co-regional CIO for APAC
He will partner with Fumitaka Kato, co-regional CIO for APAC.
GXS Bank names Pei-Si Lai as group CEO
Incumbent CEO Muthukrishnan Ramaswami will become a senior advisor to the GXS Group.
Banks feel pressure from private credit
Nonbank lenders are now providing capital even to low-risk corporate clients.
Taiwan’s domestic banks extended $1.42b SME loans in March
NPL ratio rose 0.02 percentage points to 0.25%.
Australia cancels licence of Queensland’s Thistle Financial Group
It has reportedly ceased to carry on a financial services business.
Credit Saison India secures $150m funding from Japan’s Mizuho Bank
Mizuho Bank had earlier made an equity investment for a 15% stake in the company.
TMBThanachart Bank’s net profit down 5.17% to $152.7m in Q1
Earnings per share is THB0.05 for the period.
Taiwan’s credit card balance rise in March
Undue balance of installment was approximately NT$167.5b for the period.
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