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Weekly Global News Wrap: Grupo Mexico closing in on $7b Citi Banamex deal; Bank of America opens Luxembourg branch
And Credit Suisse CEO to join UBS board once deal is completed.
Weekly Global News Wrap: Grupo Mexico closing in on $7b Citi Banamex deal; Bank of America opens Luxembourg branch
And Credit Suisse CEO to join UBS board once deal is completed.
India’s Muthoot Financial retains stable asset quality, moderate profits
Credit costs have also been at a low 0.1% to 0.2% since March 2019.
HSBC penalised by India's central bank
The bank reported inaccurate credit information for several expired credit cards.
Mastercard unveils new Data & Services hub in Malaysia
The company’s D&S experts work with nearly 4,000 clients over 120 countries.
Indonesia, Laos central banks ink cooperative agreement
The partnership was signed last 2 May.
UBS appoints new CFO following Credit Suisse’s takeover
Todd Tuckner will take on the CFO post at the close of the acquisition.
Australia’s Airwallex expands to Israel
Or Liban has been appointed as the company’s head of Israel and the Middle East.
OCBC hits record net profit, declares S$1.68 EPS for Q1
Net profit of S$1.88b is 39% higher than in Q1 2022.
GXS Bank launches brand in Singapore with GXS FlexiLoan, campaign
GXS collaborated with three local artists to create the key visuals for the campaign.
WhatsApp launches payment feature in SG
Users will be able to send payments to merchants.
Indonesia, Malaysia launch cross-border QR payment system commercially
The project is now open to the public after more than a year since its pilot phase.
Korea, Indonesia central banks ink MOU for bilateral trade: report
It reduces companies’ exposure to exchange rate risks.
South Korea daily FX turnover hit all-time high in Q1
Increased demand for cross-border transactions of securities drove the growth.
BOCHK welcomes Swap Connect launch
The scheme would propel participation from investors and accelerate RMB internationalisation.
Hong Kong, Mainland tie up for mutual access interest rate swap markets
This will allow overseas investors from HK and others to trade in the Mainland market.
UOB Hong Kong inks MOU with SGS for sustainable finance
The partnership will help companies seeking to adopt sustainable practices and move towards a net-zero future.
Manappuram Finance reputation at risk amidst invention
The Indian NBFC may be facing money laundering investigations.
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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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