Frances Gagua
Weekly Global News Wrap: Grupo Mexico closing in on $7b Citi Banamex deal; Bank of America opens Luxembourg branch
Weekly Global News Wrap: Grupo Mexico closing in on $7b Citi Banamex deal; Bank of America opens Luxembourg branch
And Credit Suisse CEO to join UBS board once deal is completed.
India’s Muthoot Financial retains stable asset quality, moderate profits
Credit costs have also been at a low 0.1% to 0.2% since March 2019.
Mastercard unveils new Data & Services hub in Malaysia
The company’s D&S experts work with nearly 4,000 clients over 120 countries.
OCBC hits record net profit, declares S$1.68 EPS for Q1
Net profit of S$1.88b is 39% higher than in Q1 2022.
GXS Bank launches brand in Singapore with GXS FlexiLoan, campaign
GXS collaborated with three local artists to create the key visuals for the campaign.
1 in 5 of OCBC’s home, renovation, and car loans now green
The Singapore bank has extended over S$3.5b of green loans in two years and targets a 10% growth in 2023.
Korea, Indonesia central banks ink MOU for bilateral trade: report
It reduces companies’ exposure to exchange rate risks.
South Korea daily FX turnover hit all-time high in Q1
Increased demand for cross-border transactions of securities drove the growth.
Dah Sing Bank raises deposit rate and prime rate
The deposit rate is now 0.75% per annum.
Hang Seng Bank warns of fraudulent facebook account
The bank said that it will never ask customers to give their personal information through embedded links.
Amanda Lee named APAC head of third party manager solutions for Citi
All of Citi’s mutual fund sales team members in the region report to her.
Improved mortgages to support ANZ’s earnings over the next two years
Net interest margin improved 7bps in the six months ending 31 March 2023.
Australia’s Macquarie Bank’s earnings to rise by retail banking business: S&P
The bank’s parent company will also enjoy income growth from outside Australia.
Bank of East Asia raises standard savings rate to 0.75% pa
It will take effect on Monday, 8 May.
PH banks missing out on revenue from growing middle class market
Over 7 in 10 loans made by banks are extended to corporates– leaving 15 million SMEs and self-employed workers with little access to traditional finance.
Public Bank raises interest rates by 0.25%
Its standardised base rate will now be 3%, whilst base lending rate is 6.72%.
Fuelling the future of finance with data streams
Traditional institutions need to utilise constant, real-time data flow that generates insights on the fly.
Commentary
Asia’s banks hold the mandate to innovate. Now they must earn it.
Why Asia's banks are rebuilding their credit infrastructure in 2026
Banks retreat, private credit advances: Asia Pacific’s quiet lending revolution
Human Sparsity Blockchain: A citizen-validated ledger for digital finance supervision
Will stablecoins disrupt the banking business?
Digital transformation starts with leadership