Frances Gagua
DDEx’s digital token trade value triples in 5M 2024
DDEx’s digital token trade value triples in 5M 2024
Active trading clients have also grown by 36% during the period.
Norinchukin’s planned foreign bond divestment will hurt profits
The bank has about $13.63b (JPY2.25) in unrealized losses.
Malaysian Islamic banks’ funding clean-up could take up to 5 years
Islamic banks need to strengthen their deposit base.
HSBC, Visa team up to develop multi-currency app Zing
Users can hold funds in 10 different currencies and transact in 200 countries.
China CITIC Bank warns against fraudulent website and emails
It has reported the matter to authorities in Hong Kong.
Citi ceasing operations in Haiti
The bank said that it will voluntarily surrender its banking license.
Singapore banks are phasing out OTPs for logins
Banks will instead use digital tokens to authenticate bank account login attempts.
Japan’s Norinchukin Bank has hit 60% of its sustainable finance target
The bank also participated in 7 sustainability committee meetings in FY2023.
APAC investment banking fees drop to eight-year-low in H1
ECM underwriting fees fell to its lowest level since 2013.
OCBC unveils financial programme for SG’s 36,000 property agents
It offers preferential home rates and bonus interest, amongst others.
Maybank Singapore rolls out money lock feature
Customers will need to visit branches or use select ATMs to unlock funds.
Japan’s SMFG issues new shares worth $23.89m
The move is part of its stock compensation plans.
DBS HK fined US$1.28m for anti-money laundering, review lapses
The bank failed to conduct due diligence in ‘high risk situations’ from 2012 and 2019.
Hong Kong banks ramped up hiring but investment bankers laid off
Trade and private bankers are most in demand, although banks are cautious.
Siam Commercial Bank inks MOU for green-linked forward contracts
Costs are tied to the company’s performance in ESG criteria.
Hong Kong banks face mixed outlook with expected rate cuts in 2024
Credit risk management will be a key concern for banks amidst fluctuating interest rates.
Siam Commercial Bank kickstarts 4-year journey to revamp core banking system
It has inked a MOU with Sunline to become a full-fledged digital bank entity.
Commentary
Asia’s banks hold the mandate to innovate. Now they must earn it.
Why Asia's banks are rebuilding their credit infrastructure in 2026
Banks retreat, private credit advances: Asia Pacific’s quiet lending revolution
Human Sparsity Blockchain: A citizen-validated ledger for digital finance supervision
Will stablecoins disrupt the banking business?
Digital transformation starts with leadership