News

DBS launches multi family office platform

The bank is already in talks with over 20 clients and prospects across Asia.

UBS, Credit Suisse SG operations "uninterrupted" post-acquisition: MAS

Both banks will operate on separate licences in Singapore.

40% of APAC susceptible to scam, youth more vulnerable: Visa

The youth are 1.3 times more likely than older adults to have been victimised by scams.

UOB opens 10th FDI Advisory Centre in Japan

Since its launch, the advisory unit supported about 4,000 companies investing in the region.

Nearly 9 in 10 SEA people now have access to credit

The report delves deeper into the effects of credit access on financial services provider (FSP) customers.

Aggressive loan growth leaves HDBank more vulnerable to risks

Its asset quality may be further strained by its planned acquisition of a ‘weak’ bank

CIMB reaps benefits from de-risking, cost optimisation initiatives

Net interest margin compression will be offset by improved profits and stable capital.

OCBC to remain strong and stable through 2024: Moody’s

Asset quality and nonperforming loans will likely remain between 1% to 1.5% in 2023-2024. 

Hang Seng Bank to launch RMB counter on 19 June

The bank’s shares will be designated as dual counter securities by the stock exchange.

MAS to set expectations on credible transition planning

The guidance will cover FIs governance frameworks in managing climate-related financial risks.

Citi Commercial Bank names head of corporate finance for ASEAN

Citi has also named a new country head for Citi Commercial Bank Malaysia.

Citi unveils automated settlement solution in Hong Kong

This connects to Hong Kong's central clearing and settlement system.

Standard Chartered to cut jobs in Singapore, Hong Kong: report

The bank reportedly aims to save about $1.35b by 2024.

HSBC, FreightAmigo launch Ship Now, Pay Later in Hong Kong

Users will be able to utilise the digital logistics platform and choose extended payment terms.

Circle Singapore secures MPI license from MAS

The company can now provide digital payment token services, cross-border money transfers, amongst others services.