Henan Banking Scandal
Weekly Global News Wrap: Depositors hit by China’s banking fiasco to be repaid; HSBC pays £1500 to staff to help with living costs
Weekly Global News Wrap: Depositors hit by China’s banking fiasco to be repaid; HSBC pays £1500 to staff to help with living costs
And India’s Yes Bank is selling up to a 10% stake for $1.1b.
Chinese depositors call to release savings from frozen assets of 6 rural banks: report
The head of these banks' parent company is on the run and wanted for financial crime.
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1. CIMB pledges S$2.98b to support Johor-Singapore SEZ 2. How embedded finance and AI are reshaping Malaysia’s finance sector 3. Banking turmoil from Indonesian SWF flagged 4. DBS and OCBC expected to report lower margin in Q1 on SORA easing 5. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loansResource Center
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Cards & Payments
Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
