Frances Gagua
Improved outlooks on the horizon for Chinese finance companies
Improved outlooks on the horizon for Chinese finance companies
Policies to slow debt growth and control property prices appear to be working, abating economic risks.
South Korea card payments up 7% in July despite COVID resurgence
Online card payments are 28% higher than in July 2020.
NAB buys Citi’s Australian consumer business for $882m
Citi Australia’s senior management and about 800 employees are expected to join NAB.
Hong Kong finance experts on optimizing customer journeys whilst mitigating fraud risks
LexisNexis Risk Solutions and Asian Banking & Finance's latest webinar discussed ways on how the most tech-savvy banks are safeguarding their clients' data whilst not compromising services.
Over $6b of Indian banks’ loans in possible jeopardy: report
Future's botched sale of retail assets could lead to problems for State Bank of India, other lenders.
Singapore banks push ahead to post-pandemic era
Significant loan book exposure in China is helping them recover faster than their regional peers.
Singapore Fintech Festival 2021 to discuss Web 3.0 for financial uses
It will take place from 8 to 12 November as a hybrid event.
The Dawn of Open Platforms in Capital Markets
The past decade has witnessed incredible innovation in global capital markets, and the rapid pace continues. Regulatory changes designed to seek risk mitigation and boost transparency as well as enhance asset stability have drastically changed the economics of capital market technology demands and business models.
Weekly Global News Wrap: HSBC’s US investment arm raises new analysts’ pay to $100,000; Citi, HSBC, other firms move to close Asia’s coal-fired plants
And JPMorgan’s new healthcare unit invests $50m in Vera Whole Health.
DBS profit up 54% to record S$3.71b in H1, 33 cents DPS announced
Fee income rose to a record as wealth fees hit new heights.
Myanmar limits foreign staff allowed in domestic banks: report
Major banks can now employ no more than 25 foreign staff.
Hong Kong’s Airstar Bank launches pilot trial of SME Easy Pay Loan
After transferring their existing installment loan, customers can enjoy a first 24-month principal payment holiday.
BNPL continues to gain traction with Square’s $29b acquisition of Afterpay
Afterpay accounts for 7.7% of Australia’s e-commerce market.
What keeps young Muslims from embracing Islamic banking?
The lack of available online banking options will be a dealbreaker for most.
Thai banks sufficiently buffered against ongoing risks: Fitch
Escalation of the pandemic in Thailand will significantly affect business activity in H2.
Hong Leong Bank, Mastercard launch debit card in Cambodia
Until October, 1% of each transaction made using the card will be donated to Kantha Bopha Children's Hospital.
Citi opens new office at Busan International Finance Center
It’s meant to further support its securities services operations in Busan.
Commentary
The Asian connection: China's path to sustainable growth