Frances Gagua

Banks urged to integrate ESG data into IT systems: McKinsey

Banks must apply a use-case driven approach to introduce new ESG capabilities.

Hong Kong launches consultation for virtual asset trading platforms

The SFC is seeking views on whether to allow license platform operators to serve retail investors.

Citi entices Hong Kong’s ultra-wealthy with first-ever Global Wealth Centre

The 10,000-square-foot space is staffed by senior bankers and specialists.

Korean banks' plan to boost shareholder returns won't affect profits

The regulator is expected to stop any excessive payments.

Rising mortgage prepayment trend pressures Chinese banks’ profits

Households are taking a more conservative stance on home loan leverage, noted Fitch Ratings.

BOCHK adds UBS green investment fund to mobile platform

The fund has a 6% per annum dividend distribution and allocated 20/80 in stocks and bonds.

Fintechs scale back and fold as funding channels dissipate

The high interest rate, low growth environment has made VCs and private equities more selective on where to invest

China’s reopening to boost Thai banks’ loan quality

The upsurge in tourism will spur the economy, and improve businesses’ repayment capabilities.

KBank named in Dow Jones Sustainability Indices for 7th straight year

KBank has also earned CDP A List from the Carbon Disclosure Project.

Weekly Global News Wrap: JPMorgan expects 20% revenue drop in Q1; CBA reports record profits

And Apple may look into into customers’ spending history, device ownership for BNPL services

DBS Digital Exchange's Bitcoin trading up 80% in 2022

The members-only exchange also doubled its customers during the year.

Commonwealth Bank of Australia’s earnings to remain robust over next 2 years: S&P

Housing risks lessen as local house prices continue its correction.

AI adoption in banking not a race but a question of trust: HSBC exec

AI achievers enjoyed 50% greater revenue growth on average, according to Accenture.

JCB has issued 1 million cards in India

RuPay JCB cardholders are eligible for a 40% cashback on select international transactions.