Acquisitions
Weekly Global News Wrap: State Street not buying Credit Suisse; Italy to expire bad loan scheme
Weekly Global News Wrap: State Street not buying Credit Suisse; Italy to expire bad loan scheme
And China gives the first nod to revive Ant IPO.
From Reuters:
Financial services and bank holding company State Street has denied reports that it is looking to buy Credit Suisse.
KASIKORNBANK’s stake buy of PT Bank Maspion unlikely to dent strength: Fitch
Thai banks are on an expansion spree overseas amidst weak chances domestically.
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1. Why Thai finance firms push AI as human oversight limits automation 2. Standard Chartered and A*STAR set up an AI for Banking Innovation Lab 3. HDFC Bank profit rises 9% to $2.04b on treasury income gains 4. HDFC and ICICI well-placed to against uncertain operating backdrops: report 5. Singapore bank margins hit as SGD tightening triggers 'safe-haven flush'Resource Center
Event News
Thai financial institutions put price on bad strategy
From insurance to lending, the winners are those doing "less but gaining more" by prioritizing risk-adjusted returns over market share.
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