News
DBS names Calvin Ong as head of consumer banking in Singapore
Ong will take over from Jeremy Soo beginning 1 January 2025.
DBS names Calvin Ong as head of consumer banking in Singapore
Ong will take over from Jeremy Soo beginning 1 January 2025.
Vietnam’s OCB to see loan delinquencies ease through 2026
Profitability will remain below historical levels, however.
Philippine central bank welcomes new monetary board member
Querubin was president and CEO of UCPB from 2003-2007.
Hang Seng Bank taps Derek Ngai as new head of audit
Ngai was head of audit for Hong Kong and Macau at HSBC.
Health, retirement are affluent Asians’ top financial worries in 2024
Globally, 3 in 10 Baby Boomers surveyed are still behind their savings goals, says HSBC.
Malaysia's private loans grew 5.5% in July
Growth of working capital loans drove up the number of business loans.
Risk mgmt efforts to preserve Citic Group’s capital vs profit pressures
Banking subsidiary to manage “modest growth appetite” despite narrowing margins.
Maybank kicks off Islamic banking operations in the Philippines
It is the first commercial bank in the country to get an IBU license.
HK-listed Chinese banks deliver 23% higher returns in 8M 2024
Major banks’ plans to distribute interim dividends lifted market sentiment.
Hong Kong’s ZA Bank achieves monthly net profitability
The bank has over 800,000 users in the city.
Siam Commercial Bank announces disruptions to SCB EASY app
It will be unavailable from 1AM to 5:30 AM on September 21-22.
Weekly Global News Wrap: Tech, rate woes weigh on regional lenders; VP Bank exiting Hong Kong?
And Russia’s Sberbank says it's business in India is booming.
Net interest margin to strain China Construction Bank’s profitability
Lower provisions could help offset earnings pressures.
Citi nabs J.P. Morgan banker to head investment banking financing
Achintya Mangla is now in charge of financing duties for Citi’s global DCM, ECM, syndicate and private capital markets.
CashOn to explore digital currency lending matching services
It signed a strategic cooperation memorandum with Wuxi Huishan (Shenzhen) Innovation Center.
iFAST Global Bank unveils cross-currency transfer service
This allow money transfers to over 50 countries in more than 25 currencies.
Bank of China to weather potential losses, asset quality strains: S&P
Bad loans ratio for its mainland property loans has shrunk to 4.94% in June 2024.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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