Frances Gagua
Hong Kong lenders consider making bad bank to offload $25b in soured loans
Hong Kong lenders consider making bad bank to offload $25b in soured loans
Hang Seng Bank and BoCom reportedly mulled setting up a special vehicle.
Singapore banks’ interest income expected to come weaker in Q2
Net interest margins of the 3 banks are expected to compress by 5-7 basis points.
Thailand’s SCB enforces SIM name match requirement
Customers can still make transactions as usual on ATMs and branches.
HSBC appoints Runa Baksi as head of SEA for global trade solutions
Baksi will oversee GTS across Singapore, the Philippines, Thailand, and Vietnam.
Australia floats removing surcharge on card payments, lowering interchange fee cap
Lowering the cap could save businesses $1.2b in fees per year.
BofA appoints new heads for Global Payments Solutions in APAC
Lin Guo and Kitty Yen are head of GPS China and GPS Taiwan, respectively.
GXS Invest embeds insurance coverage with Singlife
Coverage will be up to three times the investment amount capped at S$100,000.
GoTyme Bank reaches $525.7m in deposits, expands into the SM Store
By Q3 2025, it will have kiosks in over 70 locations of the department store.
Japan’s SMFG eyes $1.1b additional investment in India’s Yes Bank: report
The Japanese megabank may raise its stake to 25%, sources said.
UnionBank opens new branch in Cebu City’s Aboitiz Corporate Center
This is the Philippine bank’s 200th branch in the region.
StanChart rolls out digital assets trading service
It includes spot trading for Bitcoin and Ether through its UK branch.
GXS Bank launches GXS Invest
Customers can invest in the Fullerton SGD Cash Fund (Class G) from as low as S$1.
Hyundai Card banks on data to fuel global ambitions
Its UNIVERSE AI platform is a key export asset after its Japanese launch.
Chinese banks’ loan growth forecast lowered to 6% by 2028
Economic data likely indicates continued weak credit demand in the coming months.
Bangladesh’s banking sector strained by structural problems
Asset quality strains are expected to extend through 2026.
DBS nabs Deutsche Bank banker as head of private banking for MEA
Loic Voide was most recently CEO of Deutsche Bank (Switzerland).
American Express opens Centurion Lounge at Tokyo’s Haneda Airport
Cardholders will have access to a specialty drinks and sweets bar.
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