Frances Gagua

Australia’s ANZ appoints HSBC wealth head as next CEO

Nuno Matos will receive $2.5m fixed remuneration per annum and will relocate to Melbourne.

Banks to face trade tensions, tariff-linked policy shifts, and property woes in 2025

The still-high interest rates might push banks’ credit losses to increase by 7% in 2025.

China, Philippine banks most impacted with rate cuts: Fitch

Their net interest margins are likely to decline until fiscal year 2026.

SCB’s Mae Manee app temporarily available on Dec 13-14

It will be down from December 13, 11PM to December 14, 5AM

Ant International joins SWIFT program exploring cross-border treasury mgmt

The program explores business scenarios on cross-border end-to-end transactions.

Bank of East Asia foresees ‘moderate’ economic growth in Hong Kong for 2025

Home prices are slated to recover by around 5% in 2025, BEA’s chief economist said.

Visa inks MOU with Vietnam's FPT to modernize public services

They aim to expand access to finance by equipping SMEs with business credit cards.

PH central bank completes proof-of-concept test for wholesale CBDC

Project Agila enabled banks to transfer funds during off-business hours.

CommBank walks back on account migration

Select accountholders would have been moved to a tier that has an A$3 withdrawal fee.

Chinese banks see improved earnings in Q3

Interest income and fee income declines narrowed.

Cross-border shopping, e-wallets to shape Philippine payments in 2025

Evolving security frameworks will also redefine the payments experience, says Visa.

Concerns over Teh Family's Public Bank stake sale “overdone”: analyst

The estate will dispose of a 13% stake in the Malaysian bank.

RHB projected to log 50% full cash divided payout ratio for 2024

The Malaysian bank is on track to surpass its 4.5% loan growth target.

HDFC Bank teams up with Pennant to offer quicker loan processing

HDFC will be able to quickly launch new loan products, amongst others.

RACQ Bank’s insurance arm sale heralds' step towards revenue stability: report

Revenue from its insurance business has been volatile, according to Moody’s Ratings.