Frances Gagua
Economic woes, higher rates weigh on Islamic banks’ financing growth
Economic woes, higher rates weigh on Islamic banks’ financing growth
Indonesian banks may benefit from widening margins, however.
HSBC appoints Wing Tai Properties CEO as independent non-executive director
Cheng has also been named to HSBC’s remuneration committee and risk committee.
China CITIC Bank, FWD Macau establish bancassurance partnership in Macau
This is their first bancassurance collaboration in Macau.
Mobile wallet payments in India to hit $5.7t in 2027
The value of mobile wallet payments doubled from 2018 to 2022.
Central bank rate cuts could raise Philippine banks’ earnings by 2.6%
Every 100bp rate cut would free PHP106b of liquidity.
MAS, New York Fed unveil results of study on DLT use for cross-border wholesale payments
Distributed ledger could be used to enhance cross-border multi-currency payments, the study found.
Fubon Bank, blockchain firm Ripple to explore real estate asset tokenisation in Hong Kong
They are aiming to make release of equity swifter and more efficient.
Hang Seng Bank, Visa to test CBDC use cases in Hong Kong
The three will collaborate to explore the feasibility of tokenised deposits.
Citi Indonesia’s net income climbs 52% to $38.29m in Q1
Its Institutional Clients Group registered a 2.5% loan growth during the quarter.
Weekly Global News Wrap: Credit Suisse faces lending restrictions; Italy seeks stalemate over e-payment cost reduction talks
And JPMorgan Chase unlikely to buy another struggling bank, says CEO Jamie Dimon.
Citibank Korea doubles net income in Q1
The net income of KRW84.9b for Jan-March 2023 is 112% higher than a year ago.
Bankers face sluggish hiring market, layoffs in Hong Kong
Industry insiders reveal how investment banks prioritize cost efficiency and productivity over hiring new employees.
MUFG Bank buys JPY600m shares in metaverse company TBT Lab
The bank will help develop the financial functions of the planned Japan Metaverse Economic Zone
Sumitomo Mitsui Banking Corporation’s net profit up to $9.34b for FY2022
Year-end dividend per share is JPY125 or US$92.
Singapore’s big three banks averaged 3% decline in total returns in Jan-May: SGX
They are performing better than their US counterparts, however.
UOB unveils exclusive wine pairing dinners for cardholders
Cardholders can also attend invite-only wine masterclasses.
Foreign JCB cardholders offered Tokyo Tower discounts
They can avail a 30% discount on the admission fee until 30 April 2024.
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1. OCBC new investors triple as bank braces for 2026 gold, silver uptick 2. How digital payments are forcing QSRs to rebuild checkout and staffing 3. DBS pilots Visa Intelligent Commerce for agent-initiated payments 4. Japanese banks face bond yield shocks as yields hit 2.23% 5. BEA’s profit down 24% to $447.87m in 2025 as China losses mountResource Center
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