News
South Korea’s household loans rise 3.5% in June
Demand for bogeumjari loans and jeonse loans drive mortgage loan demand.
South Korea’s household loans rise 3.5% in June
Demand for bogeumjari loans and jeonse loans drive mortgage loan demand.
AUB Philippines chairman title goes to Jonathan Ng
Ng will succeed Abraham T. Co, who has been elected as Vice Chairman.
Grow Finance, Pismo issue credit card for SMEs in Australia
This collaboration aims to provide business owners with improved cash flow management and capital.
SMBC Group's Jenius Bank offers personal loans to US market
Jenius Bank plans to expand its services through savings products and a mobile app.
Hang Seng Bank, Chubb ink 15-year bancassurance partnership
A lucky draw quiz will be open to commemorate the partnership.
J.P. Morgan appoints leaders for APAC commercial banking
These appointments will take effect on 1 August.
UnionPay inks deal with Cambodia to promote QR cross-border payments
It aims to benefit residents of both countries in cross-border mobile payments.
OCBC, Ascenda to offer more transfer options for rewards currencies
It is now available to OCBC customers holding Travel$, Voyage Miles and OCBC$ rewards balances.
Major Korean banks asked to prepare $4b to buoy distressed credit cooperative: report
The credit cooperative saw customers withdraw funds last week after reports of a rise in bad loans.
Citi Commercial Bank unveils CitiDirect Commercial Banking platform
It will be available to customers in Hong Kong, Singapore, and India in H2 2023.
DBS sells 77.8% stake in AXS to Tower Capital Asia
AXS became a subsidiary of the bank in 2006.
India’s HDFC to offer 2% shares in NSDL IPO
This is equivalent to four million equity shares.
Sri Lanka’s NBFIs safe from risks after proposed gov’t debt restructuring plan
The plan does not directly impact the government debt holdings that NBFIs have stocked up on.
DBS upskills sustainable financing knowledge of 1,600 relationship managers
The bank will incorporate the workshops as part of its training curriculum for incoming RMs.
Korea allows formation of new nationwide bank for first time in 30 years
FSC plans to issue new banking licenses to bolster competition.
Weekly Global News Wrap: Rothschild & Co takes one step closer to going private; Ant Group may be fined $1b
And UBS makes changes in global wealth management business.
Business grads from HK pick J.P. Morgan and HSBC as most attractive employers
Students prefer companies with a “friendly working environment."
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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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