Frances Gagua
Maybank Singapore offers fixed deposit rates up to 3.05% per annum
Maybank Singapore offers fixed deposit rates up to 3.05% per annum
The offer starts at a minimum placement of S$20,000 and a 6-month tenure.
Bank of China Hong Kong raises prime rate to 5.125% per annum
The bank also adjusted its HKD savings deposit rate to 0.125% pa.
Bank of East Asia raises savings rate to 0.125% per annum
It is also raising its HK dollar prime rate to 5.375% pa.
Hang Seng Bank raises prime rate to 5.125%
HK dollar savings deposit rates with balances of HK$5,000 and above is now 0.125% pa.
Islamic finance professionals more open to adopting crypto, digital assets: survey
Lack of need to pay for interest rates appeals to conservative Muslims.
Banks’ commercial real estate woes in China to persist for two more years: report
Property developers just posted their worst first-half earnings in over a decade.
Standard Chartered, Taulia ink MOU to offer supply chain finance solutions
Both parties will offer supply chain finance and dynamic discounting solutions.
Weekly Global News Wrap: Investment banks’ trading income to shrink; Citi introduces new diversity goals
And Morgan Stanley unit pays $35m for mishandling customer data.
Goldman Sachs axes 25 investment bankers in Asia: report
Those affected are majorly junior level bankers involved in Greater China deals.
APAC banking markets to tighten macroprudential policies in 2023: Fitch
Malaysia and Thailand will take steps to strengthen their mortgage sectors, said Fitch.
South Korea financial firms shutters 1,000 offline offices in one year
Banks closed 380 offline offices between March 2021 to March 2022, according to the FSS.
J.P. Morgan appoints Wai Mei Hong as senior country officer for Singapore
She has over 25 years of experience in the banking industry.
Citi Bangladesh completes pilot paperless trade finance transaction in TradeLens
The process resulted in a 10-day reduction of document processing time.
DBS’ emission targets to drive improved emission disclosure in SEA
The move is expected to improve the quantity and quality of data disclosures on GHG.
South Koreans’ internet banking use up 6.9% in H1
There are about 18.82 million use cases per day in Korea.
Citibank launches Citi Plus in Singapore
The digital wealth solution platform offers tools to help customers manage and build wealth.
Japan’s fintech funding on track to extend four year decline streak in 2022
The $300m in funding secured in H1 was less than half of 2021’s full-year investment value.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
