Frances Gagua

Hong Kong’s stablecoin bill boosts wealth management, pressures payments

Stablecoins issued in Hong Kong could increase competition particularly in wholesale payments.

KASIKORNBANK’s K PLUS now a payment method in Google Play

K PLUS has over 14 million users on Android devices.

Hang Seng Bank’s credit risks rise, but capital buffers remain strong

Credit losses rose to HK$4.86b in H1 versus HK$1.5b a year earlier.

Security Bank establishes wealth segment, announces new CFO

New CFO Allen Reyes previously worked at Singlife and Deutsche Bank.

Automation stalls hiring at Singapore’s top banks

Lenders are also upskilling to keep up with tech.

Chinabank’s net income up 14% to $222.83m in H1 2025

Both net interest income and net interest margin rose during the period.

Malaysia fines Bank Islam Malaysia MYR3.44m for service disruptions and AML/CFT screening

BIMB had multiple unplanned downtimes between June 2023 and December 2024.

Hang Seng Bank’s profits down 30% to HK$6.88b in H1 2025

Fees and other income rose 34% during the period.

Citi Markets to grow Asia rates and prime business headcount by up to 10%

IPO activity has rebounded and Citigroup traders posted their best Q2 period in 5 years.

VPBank clinches $350m loan to fund sustainable finance strategy

It will be allocated for green projects, SMEs, and infrastructure projects in underserved areas.

NAB invests $55m to upgrade over 100 branches across Australia

About 82 of the branches upgraded are in regional Australia.

Aussie regulators update MOU to strengthen financial stability cooperation

The updated MOU sets out their respective roles for contributing to financial stability.

Lack of virtual bank licence ‘not a big problem’ for Bangkok Bank

It estimates that virtual banks’ business revenue will not be significant in the first 5 years of operations.

Australian banks to refund $60.5m to customers hit by high fees

Over 1 million customers have been moved into low-fee accounts, ASIC said.

Airwallex gains capital markets services license in Singapore

It is also launching Airwallex Yield to businesses in the city.