Frances Gagua
MUFG names Manoj Bhatia as head of corporate global subsidiary banking
MUFG names Manoj Bhatia as head of corporate global subsidiary banking
Bhatia will continue his role as head of GSB Asia Pacific.
South Korea’s deposit, loan interest rates rose in May
Average interest rate for new deposits rose 15 basis points from April.
Is Hong Kong’s role as offshore financial center under threat?
Inflows from Mainland China will support the city, but issues are challenging this role.
BRImo superapp offers digital account opening for Bank Raya
The gig economy-focused digital bank now has over 700,000 users.
Dah Sing Bank approved to open new Shenzhen Branch
Establishment of the new branch is slated for early 2023.
HSBC renews bancassurance partnership with Allianz
It will cover six markets, with HSBC and Allianz offering life and non-life products.
Citi names sole head of equity capital markets for Australia and New Zealand
Jahrling joined Citi as co-head of ECM in 2021.
DBS raises fixed home loan rate, scraps 5-year fixed package: report
The new rate is 0.03 percentage points higher than the previous 2-year fixed rate.
Bank of China HK, Mastercard launch eco-friendly BOC Chill Card
The card offers up to 10% cash rebate and Pay Later options.
Taiwan’s B2B sector sees bad debt triple
The local chemicals industry has as high as 12% of B2B debt turning sour.
South Korea’s kakaobank “most recommended” retail bank in APAC: survey
Indonesia’s BCA and StanChart Taiwan also topped the list.
Chinese banks face tough balancing act of keeping profits, buoying economy
Smaller banks face being left in weaker financial positions, Natixis warns.
Malaysia’s Fynance launch pay later services for corporates
Users can gradually replay in flexible installments.
Banks’ tech risks intensifies as digitization ramps up: Fitch
Tech failures will have significant reputational and regulatory consequences for banks.
Thai bank earnings rise in Q2, but bad loans slated to rise
Rising costs and no more relief from the regulator will cause a rise in the bad loans ratio.
ING pulls back from the Philippine retail banking market
Over 380,000 clients are expected to be affected once they leave the market by end of the year.
Woori Bank probed for alleged irregular foreign currency transactions: report
Sources said that the deals, worth billions of won, were executed over the past year.
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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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Commentary
Asia’s banks hold the mandate to innovate. Now they must earn it.
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Human Sparsity Blockchain: A citizen-validated ledger for digital finance supervision
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Digital transformation starts with leadership