Frances Gagua

Alipay’s labor day outbound travel transactions up 77% in 2024

East Asia and Southeast Asia were the most preferred destinations.

Fubon Bank HK warns against fraudulent website

The bank has already reported the matter to the Hong Kong police.

Australia’s Macquarie well-capitalised despite lower profits

Net profit fell by 32% for the fiscal year ended 31 March.

FNZ, abrdn launch digital wealth platform in Singapore

The firms’ platform have over $90b assets administered in the UK.

HK mortgage loans in negative equity surpasses 32,000 in March

The delinquency ratio also jumped to 0.06% from 0.03% previously.

Hong Kong banks’ loans and deposits ‘virtually unchanged’ in March 

But banks saw a decline in foreign currency and renminbi deposits.

HKMA denies links to firms claiming to assist in financial fraud cases

The central bank said that it has reported the case to the police.

Hang Seng Bank maintains HKD lending and savings rate

The lending rate is still 5.875% per annum.

HSBC names ex-Citi banker as head of global banking in Singapore

Gilbert Ng has experience in corporate finance and risk management.

No adverse effects on NAB’s capital after billion-dollar share buyback

Its core capital ratio remains at 11.75%, well-above the target range.

DBS achieves record-high Q1 profit of S$2.96b

Dividend is SGD 54 cents per share for the quarter.

Malaysia’s credit, charge card market value grows to $50.5b in 2024

Credit and charge cards make up 60% of all card payments in the country.

MAS not extending pause on DBS’ non-essential activities

DBS will still keep the 1.8x multiplier in risk weighted assets, however.

How banks should rethink pricing

It’s not just about how much customers pay but also what benefits they get.