Negative Interest Rate
Japan banks clinch $1.98b boost in interest income after policy shift
Japan banks clinch $1.98b boost in interest income after policy shift
But a rise in deposit rates presents risks, analysts warned.
Mizuho Bank charged $6.75b negative interest rate by BOJ
This is the first time in 7 months that a megabank was charged.
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1. HSBC unveils invitation-only Privé World Legend Mastercard 2. OCBC to acquire $6.6b HSBC Indonesia wealth, retail banking business 3. Standard Chartered sets up AI lab to test banking use cases 4. Citi hires StanChart veteran to lead Hong Kong corporate banking 5. CIMB Thai sells auto financing portfolio to KrungsriResource Center
Event News
DeeMoney CEO says trust will beat acquisition
CEO Phlaphongphanich said the industry is measuring the wrong things.
Commentary
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance