Frances Gagua
HSBC sells Canadian banking operations to Royal Bank of Canada for $10.1b
HSBC sells Canadian banking operations to Royal Bank of Canada for $10.1b
The bank expects to generate an estimated pre-tax gain of $5.7b.
Visa appoints Adeline Kim as Singapore, Brunei country manager
She was most recently head of data solutions for Asia Pacific.
HSBC to close 114 branches in the UK
Some of the closing branches serve less than 250 customers a week.
Public Bank’s net profit up 3% to $1b in 2022
A second interim dividend of 4 sen per share has been announced.
Bank of East Asia offers preferential interest rate to green mortgage customers’ time deposits
It follows in the footsteps of BEA’s Green Mortgage Plan.
Nomura eyes $1b potential revenue boost from equities, wealth: report
CEO Kentaro Okuda said that it needs to raise revenues in these businesses to boost Nomura’s returns.
MAS, BOJ renew bilateral local currency swap agreement
The two central banks can exchange local currencies of up to S$15b.
DBS Asia Capital names Lindsay Chu as new CEO
Prior to joining DBS, has worked senior roles in HSBC, Nomura, and J.P. Morgan.
Dah Sing Bank joins Mastercard’s Priceless Planet Coalition
As a banking partner, Dah Sing Bank will raise customer awareness towards reforestation.
South Korea’s credit card payments market to be worth $890b in 2026
In the near term, rising interest rates may discourage card use.
Citi Philippines grants $20m loan to financially assist low-income women entrepreneurs
ASA Philippines Foundation supports 2 million women across the country.
APAC banks to have steady financial performance in 2023: Fitch
Sri Lanka will deteriorate; Singapore’s profits may rise to higher than pre-pandemic.
Cambodia’s ABA Bank launches instant card issuance kiosks
Over 191,000 cards have already been issued since launch.
Techcombank teams up with Adobe to deliver personalized banking solutions
The bank will use Adobe’s cloud platform to analyze customers’ browsing behavior.
HSBC Global Private Banking launches discretionary digital platform in Asia
It makes use of building blocks to construct clients’ portfolios.
Thai banks called to supercharge profitability by enacting future-oriented strategy
They’ve lagged behind their peers, with market cap falling to just 8% of ASEAN.
Thailand banks’ loans up 5.3% in Q3
Corporate loans rose from a year ago and consumer loans also grew.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. HSBC Singapore unveils wealth centre at The Star Vista mall 4. UOB inks MOU with Accenture for AI adoption and application 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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