Frances Gagua
Weekly Global News Wrap: State Street not buying Credit Suisse; Italy to expire bad loan scheme
Weekly Global News Wrap: State Street not buying Credit Suisse; Italy to expire bad loan scheme
And China gives the first nod to revive Ant IPO.
From Reuters:
Financial services and bank holding company State Street has denied reports that it is looking to buy Credit Suisse.
KASIKORNBANK’s stake buy of PT Bank Maspion unlikely to dent strength: Fitch
Thai banks are on an expansion spree overseas amidst weak chances domestically.
MUFG closes HK$1.35b dual currency green term loan for Xinyi Glass Holdings
The three-year syndicated loan was 2.25 times oversubscribed.
Citi joins the Alliance for Green Commercial Banks in Asia
HKMA and the IFC jointly launched the Asia chapter of the alliance in 2020.
Dah Sing Bank reopens Ocean Walk Branch
The branch was closed earlier this week.
OCBC appoints first-ever head of Group Data Office
MacDonald led the creation of the bank’s dedicated AI unit in 2018.
Standard Chartered Hong Kong sees metaverse as future of banking
Banks can make use of AR/VR to offer more personalised services from the safety of clients' homes.
HSBC names Jeffrey Yap as head of investments and wealth solutions for SEA
Yap has served as interim head since November last year.
Standard Chartered launches sustainable account solution for SG corporates
Corporates can allocate their surplus cash to support the net zero agenda.
Hong Kong’s Dah Sing Bank temporarily closes Ocean Walk Branch
Staff members will be tested for COVID.
MAS revises business continuity guidelines of financial institutions
The guidelines took into account two round of public consultation.
Weekly Global News Wrap: Swiss gov’t directs major banks to boost liquidity; UniCredit widens buyer search for Russian assets
And Deutsche Bank’s DWS CEO steps down amidst greenwashing allegations.
Ant Group-backed ANEXT BANK makes soft launch in Singapore
Regulator hopes new digital banks will further grow Singapore's financial sector.
Visa launches program enabling small business to accept digital payments
The programme is now open to payment facilitators in APAC.
MAS unveils new measures against digital banking scams
Default transaction limit for online fund transfers must be set to S$5,000 or lower.
Singapore wholesale digital-only bank Green Link Digital Bank debuts
The wholesale bank targets micro, small, and medium enterprises.
Deutsche Bank installs deposit machines at Toyota financing branches in Indonesia
The machines will transmit real-time data to the company.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
