News
Japan, Korea financial authorities hold in-person bilateral meeting
The two exchanged views about developments in their financial sectors.
South Korea’s household loans expand by $7.32b in August
There were “strong housing market activities” in the Seoul metropolitan area.
Australia’s planned AT1 phase out to have little impact on banks
If pushed through, the CET1 minimum requirement will rise to 10.50%.
Chinese small bank M&As to ramp up: Fitch
The lack of large banks in the mergers is to avoid contagion risks.
Malaysia, UK tout Islamic finance to bridge green funding gap
Islamic finance’s framework naturally aligns with social finance, an official said.
MAS safeguards enough to curb consumer over-indebtedness—MAS chairman
The news comes as bad debts jumped nearly 20% in Q1.
GoTyme Bank partners with BSP to enable coin deposits
GoTyme Bank is reportedly the first bank partner to be integrated in the CoDMs.
Taiwanese banks’ total outstanding loans at $1.25t in July
The bad loans ratio remained at the same level as in June 2024.
Krungthai Bank temporarily closes 4 branches due to floods
One branch is separately closed due to suspended electrical supply.
Hong Leong Bank may reduce China stake as investment pays off
Its group earnings edge on overreliance on the Bank of Chengdu’s contribution.
Malaysian banks' profitability stable with reduced intervention risks
Some asset quality deterioration is expected as fuel subsidies ease.
Maybank invests in MSME finance platform Funding Societies
It did not specify the amount invested.
Indian banks deposits and credit grow at the same pace
Deposits have expanded by $147.73b between January-August 2024.
MAS warns of misuse in Worldcoin token, account trading
This incident could potentially violate the Payment Services Act 2019.
Heymax, Visa campaign drives spike in digital payments
The campaign has also contributed to an estimated carbon savings of 24 to 42 tonnes.
COURTS Singapore, DCS Card Centre launches new credit card
It offers 2% cashback and waives the first-year annual fee.
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Why Philippine banks, insurers embrace hyper-personalized services
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