News
Norinchukin’s planned foreign bond divestment will hurt profits
The bank has about $13.63b (JPY2.25) in unrealized losses.
Norinchukin’s planned foreign bond divestment will hurt profits
The bank has about $13.63b (JPY2.25) in unrealized losses.
Malaysian Islamic banks’ funding clean-up could take up to 5 years
Islamic banks need to strengthen their deposit base.
HSBC, Visa team up to develop multi-currency app Zing
Users can hold funds in 10 different currencies and transact in 200 countries.
China CITIC Bank warns against fraudulent website and emails
It has reported the matter to authorities in Hong Kong.
Citi ceasing operations in Haiti
The bank said that it will voluntarily surrender its banking license.
Singapore banks are phasing out OTPs for logins
Banks will instead use digital tokens to authenticate bank account login attempts.
Japan’s Norinchukin Bank has hit 60% of its sustainable finance target
The bank also participated in 7 sustainability committee meetings in FY2023.
APAC investment banking fees drop to eight-year-low in H1
ECM underwriting fees fell to its lowest level since 2013.
OCBC unveils financial programme for SG’s 36,000 property agents
It offers preferential home rates and bonus interest, amongst others.
Maybank Singapore rolls out money lock feature
Customers will need to visit branches or use select ATMs to unlock funds.
Japan’s SMFG issues new shares worth $23.89m
The move is part of its stock compensation plans.
DBS HK fined US$1.28m for anti-money laundering, review lapses
The bank failed to conduct due diligence in ‘high risk situations’ from 2012 and 2019.
Siam Commercial Bank inks MOU for green-linked forward contracts
Costs are tied to the company’s performance in ESG criteria.
Evolving AI enhance conversational banking efficiency
It also boosts banking revenue significantly.
Hong Kong banks face mixed outlook with expected rate cuts in 2024
Credit risk management will be a key concern for banks amidst fluctuating interest rates.
Siam Commercial Bank kickstarts 4-year journey to revamp core banking system
It has inked a MOU with Sunline to become a full-fledged digital bank entity.
MUFG Bank, Krungsri ink MOU with Thailand’s East Economic Corridor Office
MUFG Bank and Krungsri will support customers who consider investing in the EEC.
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