Wholesale Banking

Citi hires HSBC banker as head of China global banking network

Luen-Yuan Chu will head the corporate banking of international companies operating in China.

Commonwealth Private unveil self-directed investment option for wholesale investors

Private Wealth Advantage is a self-directed investment option for wholesale investors.

Cross-border B2B payments to reach 18.3 billion in 2030

Stablecoins unlock massive potential but need significant infrastructure to be built.

OCBC names Elaine Heng as head of global commercial banking

Tan Yuen Siang will join the global wholesale banking leadership team.

Franklin Templeton names new co-heads of Global Official Institutions Group

The new office will serve central banks and sovereign wealth funds globally.

CIMB launches 6-year roadmap to enhance operations

Forward30 aims to position CIMB for long-term growth.

Deutsche Bank, Yonyou ink MOU to enhance treasury management services

They aim to support the globalization strategies of Chinese enterprises.

Ant Int’l sees growth in 4 divisions, Alipay+ holds 1.6 billion users

Cross-border transactions processed via Alipay+ tripled year-on-year in 2024.

Airwallex reports double-digit revenue, transaction growth for Q3

It expanded its startup and investment platforms in 2024.

Chinese banks set up offices at Dubai International Financial Centre

About 8 banks from China now have locations in the financial centre.

PH central bank completes proof-of-concept test for wholesale CBDC

Project Agila enabled banks to transfer funds during off-business hours.

Up to $50b of wholesale banks’ revenues at risk

But there’s about $15b in additional revenue up for grabs through 2027.

Citigroup’s profitability set to grow by 2025: Moody’s

Thanks to continued robust liquidity and strong capital levels.Citigroup and Citibank are expected to have a stable outlook, reflecting confidence in...

Banks must expand net zero targets, set clearer O&G goals: org

Japan, SoKor have yet to set medium and long-term targets aligned with a 1.5°C scenario.