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Hong Kong sees 9.1% uptick in credit card spending in Q1
There were fewer transactions, but the value went up.
Hong Kong sees 9.1% uptick in credit card spending in Q1
There were fewer transactions, but the value went up.
SEA fintechs clinch $851m of funding in H1
Digital lender ANEXT Bank was one of two major funding rounds during the period.
St. James’s Place unveil Lumina portfolios
Over 9,000 ETFs and funds were reportedly screened in the selection process.
Citi Australia names David Bailey as head of debt capital markets
Bailey returns to Australia from New York.
Mizuho floats plan to establish securities company in China
The Japanese megabank said that authorities have officially received their application.
HSBC Singapore unveils Live+ credit card for lifestyle spending
It offers an 8% cashback and 15% discount on selected transactions.
HDBank reports 6.2% credit growth in H1
The bank’s return on equity (ROE) reached 26.7%.
Basel III to improve Japanese major financial groups’ profits
However, risk-weighted assets for the four FIs are expected to rise.
Hong Kong banks’ composite interest rate falls 4bp to 2.61% in May
This was due to a decrease in weighted funding cost for deposits during the month.
Taiwan expected to keep close watch on banks’ properly loan risks
Authorities have hiked banks’ RRR to slow credit inflows and cool home prices.
Mizuho reports 60% emissions cut, allocates $195b for sustainable finance
The bank now employs 1,650 sustainability management experts.
Banking sector poses highest money laundering risks in Singapore
Non-banking sectors such as corporate service providers, real estate, casinos, and precious stones also pose high ML risks in the country.
Robo-advisors gain traction amongst younger Singaporeans
40% of respondents under 35 stated using robo-advisories.
National Australia Bank arm invests on digital asset custodian Zodia
Zodia aims to onboard Austrlia's home grown digital asset exchanges in its platform.
Taiwanese banks’ loans to SMEs rose to $305b in April
The bad loans ratio rose slightly to 0.25% as of end-April.
Steady margins and higher trade gains buoy Vietnamese banks’ profits in H2
Asset quality risks are expected to remain contained, Fitch Ratings said.
Thai banks grapple with slowing exports and weak consumer sentiment
Fitch has revised its loan growth estimates to 3% from 5% previously.
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