Frances Gagua
Deutsche Bank nabs Citi banker as head of global corp coverage in India
Deutsche Bank nabs Citi banker as head of global corp coverage in India
Manik Chhabra joins Deutsche Bank beginning 19 August.
DBS launches multi-currency commercial debit card
Businesses can lock in rates 1 year in advance.
Military Commercial JS Bank to sustain profits despite rising bad loans
Its NPL ratio deteriorated to 1.6% in June 2024 vs 1.4% a year earlier.
Chinese banks must move from size reliance to sustain profits
Most struggle to diversify their income sources as they seek short-term growth.
Airwallex now processing $100b annually
This was anchored by its Americas expansion and APAC revenue growth.
Japan’s card payments market value to grow 10.8% in 2024
Credit and charge cards made up 96.5% of all card payment transactions.
Bangladesh’s political situation exacerbates banking system’s problems
Much-needed policy changes may be delayed.
UOB seeks to be ASEAN's top cross-border trade bank by 2026.
It aims to be the number 1 cross-border trade bank in ASEAN.
Mizuho Bank’s Tier 1 Capital Ratio at 14.26% in June
This is 0.66 percentage points (ppt) higher than in March 2024.
The Evolution of Financial Advisors: Embracing Digital Transformation for Enhanced Client Value
Financial advisors are expected to offer more than just advice, opening up new opportunities in this space.
Lack of Diversification and No Contingency Plan Can Be Catastrophic in Today's World
The Microsoft cybersecurity IT outage highlighted the need for contingency planning for all financial services industry players.
Hong Kong central bank launches gen AI sandbox
Banks are encouraged to make full use of the sandbox.
CBA to retain capital levels despite buyback, high dividend payout
Cash net profit after tax declined 2% in the latest financial year.
South Korea’s corporate loans rise in July; deposits decline
Tax payments and outflow of funds for various reasons led to the drop.
Japan Post Bank’s net income up 10.8% in Q1
Net income per share is JPY26.61.
SoKor household loans rise in July on more mortgages
Demand may also be higher due to the summer vacation season.
Korea, Turkey renew bilateral swap agreement
The extension is effective for a period of 3 years beginning August 2024.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. HSBC Singapore unveils wealth centre at The Star Vista mall 4. Citi names Goldman Sachs banker as head of markets solutions in Asia South & North 5. The Asian connection: China's path to sustainable growthResource Center
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Cards & Payments
Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
Commentary
The Asian connection: China's path to sustainable growth