Frances Gagua

They must also simplify business models and embrace their “tech” identity. 

The bank has outlined growth plans to grow its AM business.

But capital ratios and loan-to-deposit ratios declined during the year.

It aims to improve transparency and accountability, amongst others.

The bank is reportedly in talks with overseas asset managers for deals.

At least 1 in 2 respondents had an outstanding loan from a formal lender.

Notable changes include stating guidelines for T&C changes and its extent of accountability.

In 2023, SMBC had raised its ownership of Jefferies to 15%.

Cumulative personal remittances grew to $33.6b in the first 11 months of 2023.

He joins a seven-member board headed by BSP governor Eli Remolona, Jr.

As financial networks look to become increasingly interconnected within and cross borders, the imperative to ensure their seamless and stable operation grows more vital, says Penny Chai, VP of Business Development, APAC at Sumsub.

They must allot at least S$20,000 from their CPF ordinary accounts to the time deposit account.

Exclusive privileges will be offered to the bank’s customers.

And crypto firms in UK are introducing new risk assessment and profile tests ahead of stricter regulations.

It will serve as the bank’s strategic hub in the Greater Bay Area.

Travelers need only to pay using the KMA krungsri app.