Frances Gagua
Thai banks’ credit costs rise as tech difficulties, bad loans pile up
Thai banks’ credit costs rise as tech difficulties, bad loans pile up
Despite their targets to decrease costs, three banks saw them rise instead.
Commercial property woes weigh on Hong Kong banks
But receding risks in mainland China properties will help offset impact, says Fitch.
SMBC appoints ex-Credit Suisse China CEO as new APAC managing director
Carsten Stoehr will join SMBC on 19 February after 25 years in Credit Suisse.
Alipay+ enables usage of 6 international e-wallets in Singapore
Its merchants can now accept payments from up to 12 overseas e-wallets.
Citi Korea to enjoy strong capitalisation, stable credit profile through 2025: Moody’s
The bank’s winding down of its consumer banking business is a positive.
Funding winter settles upon ASEAN fintechs, but rebound in sight
In the meantime, fintechs can take advantage of the lower valuations and acquire other firms.
Singapore leaders pay tribute to late banking tycoon Wee Cho Yaw
Wee was hailed as a visionary leader and for his contributions to education and culture.
UOB charman emeritus Wee Cho Yaw passes away at 95
He expanded UOB to a multinational bank present in over 19 countries and territories.
Hang Seng Bank names new risk committee chairman
Kenneth S Y Ng is stepping down from the role.
SG SMEs seek cross-border payments for overseas goals
6 in 10 small businesses use an app to make int’l payments, with 3 in 10 having experienced issues.
DBS merges brokerage, digital exchange with treasury markets business
The new group, Global Financial Markets (GFM), will be headed by Andrew Ng.
PH bank AUB takes e-wallet overseas with Alipay+ partnership
HelloMoney users can now pay via QR code in South Korea, Malaysia, and Hong Kong.
South Korea cracks down on noncompliant private equity fund firms
Authorities first introduced the cancellation scheme in October 2021.
Citi names Luke Lu as head of banking in China
He will oversee all of Citi’s business and operations in China.
SMBC subsidiary establishes aircraft financing, leasing platform
The investment is targeted at US$1.5b for a three-year period.
BPI Debit Mastercard to undergo maintenance on 4 Feb
ATM, e-commerce, and POS transactions will be unavailable from 12AM to 12NN.
Bangkok Bank enables remote account identity verification through Boonterm kiosks
Customers need only a smart Citizen ID card and their reference code from the app.
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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. HSBC group chairman Mark Tucker announces retirementResource Center
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