Frances Gagua
SMBC board opposes proposals to amend articles on financial and climate risk
SMBC board opposes proposals to amend articles on financial and climate risk
The board said that the proposals are inappropriate.
OCBC integrates stockbroking subsidiaries to Global Markets division
The bank expects to develop “more holistic” wealth propositions for its HNW customers.
SMBC names Luis Pereira as co-regional CIO for APAC
He will partner with Fumitaka Kato, co-regional CIO for APAC.
GXS Bank names Pei-Si Lai as group CEO
Incumbent CEO Muthukrishnan Ramaswami will become a senior advisor to the GXS Group.
Taiwan’s domestic banks extended $1.42b SME loans in March
NPL ratio rose 0.02 percentage points to 0.25%.
Australia cancels licence of Queensland’s Thistle Financial Group
It has reportedly ceased to carry on a financial services business.
Credit Saison India secures $150m funding from Japan’s Mizuho Bank
Mizuho Bank had earlier made an equity investment for a 15% stake in the company.
TMBThanachart Bank’s net profit down 5.17% to $152.7m in Q1
Earnings per share is THB0.05 for the period.
Taiwan’s credit card balance rise in March
Undue balance of installment was approximately NT$167.5b for the period.
China remains committed to supporting megabanks: analyst
The megabanks are expected to expand lending to support “national priorities.”
Australia sues Macquarie Securities for alleged misreported short sales
This is the fourth regulatory action ASIC had taken against Macquarie in the past year.
Weekly Global News Wrap: Citi faces $1b Oceanografia lawsuit; Unicaja denies Sabadell merger rumors
And Commerzbank is gearing up to execute its strategy as a standalone bank.
Macquarie Group to handle earnings drop following business sales to Nomura
Businesses in other markets should offset a drop in earnings in some businesses.
Mizuho joins initiative to promote sustainable aviation fuel adoption in APAC
It is the only Japanese company amongst founding members.
Hang Seng Bank launches cross-boundary wealth centre at Central branch
The Hong Kong-based bank has seen an 80% rise in new account openings for retail mainland customers.
UOB maintains profitability despite possible slower loan growth
Management sees demand for hedging, particularly for foreign exchange.
Japan’s SMBC is buying a 20% stake in India’s Yes Bank
Yes Bank is India’s sixth-largest private sector commercial bank in India.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
