Frances Gagua
MUFG names two new heads in global corporate, investment banking APAC unit
MUFG names two new heads in global corporate, investment banking APAC unit
Both Campbell and Sivarajah will be based in Singapore.
MAS to explore digital assets use cases with Project Guardian
The first pilot sees DBS, JP Morgan, and Marketnode explore lending on a public blockchain.
Public Bank net profits down 8.6% in Q1 as one-off tax bites
The operating environment remains challenging, the bank’s founder said.
South Korea financial system face short-term crisis risk as inflation ramps up: poll
One in four experts warned of possible shocks.
Bank Raya offers instant bailout funds for faster small loan disbursements
Borrowers can access up to US$1,700 in loans.
Maybank adopts cautious outlook amidst geopolitical tensions, volatility
The Malaysia lender saw its Q1 profits fall compared to the same period last year.
Asia’s Top 20 banks by revenue bounce back in 2021
But the recovery may not be sustained in 2022 as constraints pile up.
MAS slaps S$330m add'l capital requirement at OCBC after phishing fiasco
The review found deficiencies in the bank’s risk mitigation and incident management.
EastWest Bank to appoint new CEO, President
New CEO is current strategy consultant for the bank’s parent company Filinvest.
Over 17 million Koreans use online financial services daily: central bank
Two in three Korean respondents use mobile financial services.
OCBC invests S$25m to reduce carbon footprint in operations
The bank plans to retrofit its buildings with solar panels.
E-payments poised to replace credit cards in China, Indonesia: Experian
Buy now, pay later has been eagerly embraced by Indonesians.
Weekly Global News Wrap: US to bar Russian bond payments through US banks; England warns profit hit should banks fail to take climate action
And Barclays identifies material weakness in the internal control process.
Hong Kong fintech krip launches deals, offers platform for credit card users
Users can access over 6,000 deals from 3,000 merchants.
Bringing 5G to life in the banking and financial services sector
More than a vision, 5G is a reality that organisations are deploying right now – but that’s only the beginning of what’s possible. Over the next few years, 5G will be an essential business enabler, and those who don’t act now run the very real risk of losing the digital transformation race and seeing their business stolen by the likes of an Uber or Airbnb digital disruptor.
Bank of Singapore appoints wealth planning head for Greater China
The bank has also hired a senior wealth planner, to be based in Singapore.
Grab unveils new financial brand GrabFin
It also rolled out its investment product, Earn+, with a projected yield of up to 2.5% per annum.
Commentary
The Asian connection: China's path to sustainable growth