Frances Gagua

MAS to set expectations on credible transition planning

MAS to set expectations on credible transition planning

The guidance will cover FIs governance frameworks in managing climate-related financial risks.

Citi Commercial Bank names head of corporate finance for ASEAN

Citi has also named a new country head for Citi Commercial Bank Malaysia.

South Korea’s new capital buffers to strengthen banking system’s resilience

No capital raising or sheet adjustment is expected from the country’s biggest banks.

Commonwealth Bank of Australia waives transaction fee for overseas money transfers

The waived fees exclude Japanese yen transactions in its CommBiz platform.

Shareholder support key for Hong Kong virtual banks to weather failure risks

Six out of the eight virtual banks in the city reported narrower losses in 2022.

Korean banks’ net income jump 24% in Q1

Interest income declined as a result of interest rates falling during the period.

BOCHK warns customers against phishing messages, fake app

The case has been reported to the HKMA and the police.

Australian banks face elevated risk of credit losses: S&P

Whilst losses are projected to remain low, a sudden price drop in the housing market spell trouble for banks.

Banking on customer experience

By Ricky Kapur, Head of Asia Pacific, Zoom

Deposit war squeezes Malaysian banks’ margins

There is a steady outflow of savings deposits into higher-yielding fixed deposits, says S&P.

Vietnam’s BIDV, JCB International launch credit card

Customers can enjoy up to a 20% cashback on select transactions.

MAS slams 6 ex-Great Eastern financial advisers with prohibition orders

This follows after the six individuals were convicted of tax evasion.

Hong Kong’s livi bank launches game-changing app for SMEs

Going fully digital on opening accounts and approving quick loans to SMEs raises ‘livi Business’ disbursements to over HK$70m (US$8.9m) as of end-April.

APAC real-time payments to grow 14% through 2027

Over 49 billion RTP transactions were made in APAC throughout 2022.

Hong Kong mortgage loans down 21.2% in April

The number of mortgage applications also dropped by 27.6% to 8,368 applications.

Bad loans of South Korean banks rose in April

Business loans classified as SBLs fell slightly.