Frances Gagua

APAC investment banking fees drop to eight-year-low in H1

ECM underwriting fees fell to its lowest level since 2013.

OCBC unveils financial programme for SG’s 36,000 property agents

It offers preferential home rates and bonus interest, amongst others.

Maybank Singapore rolls out money lock feature

Customers will need to visit branches or use select ATMs to unlock funds.

Japan’s SMFG issues new shares worth $23.89m

The move is part of its stock compensation plans.

DBS HK fined US$1.28m for anti-money laundering, review lapses

The bank failed to conduct due diligence in ‘high risk situations’ from 2012 and 2019.

Hong Kong banks ramped up hiring but investment bankers laid off

Trade and private bankers are most in demand, although banks are cautious.

Siam Commercial Bank inks MOU for green-linked forward contracts 

Costs are tied to the company’s performance in ESG criteria.

Hong Kong banks face mixed outlook with expected rate cuts in 2024

Credit risk management will be a key concern for banks amidst fluctuating interest rates.

Siam Commercial Bank kickstarts 4-year journey to revamp core banking system

It has inked a MOU with Sunline to become a full-fledged digital bank entity.

MUFG Bank, Krungsri ink MOU with Thailand’s East Economic Corridor Office

MUFG Bank and Krungsri will support customers who consider investing in the EEC.

Clean energy gap presents investment opportunities for banks

Krungsri and CIMB Thai explore use of emerging tech to monitor risks better.

APAC banks face 2.5 million shortage of skilled cyberstaff

Banks may not have the right people in-house to mitigate them.

China faces decade-long clean-up of embattled rural banks

Expect more mergers and consolidations, and even some closures, S&P says.

Endowus Private Wealth offers HK investors access to 400 fund strategies

Over 400 fund strategies are made available to Endowus clients. 

CIMB sets out 2030 climate targets for O&G and property portfolios

The bank will stop financing new upstream oil fields beginning January 2025.