News

Thai banks’ recovery besieged by inflation, weakening currency: S&P

The tourism hit has affected income levels, which would borrowers’ ability to pay.

Thai banks’ recovery besieged by inflation, weakening currency: S&P

The tourism hit has affected income levels, which would borrowers’ ability to pay.

60 largest banks need $210.2b to cover future fossil fuel losses: Finance Watch

Basel’s current framework encourages continued build up of risk, the nonprofit warned.

How blended finance can speed up net zero targets, MAS exec explains

Blended finance combines public and private capital to fund marginally bankable projects.

MUFG names Angus St. John as head of financial sponsor coverage in APAC

St. John has over 25 years of experience in the financial services industry.

Maybank Singapore offers fixed deposit rates up to 3.05% per annum

The offer starts at a minimum placement of S$20,000 and a 6-month tenure.

Taiwan regulator fines Bank SinoPac $570k over regulatory rules breach

The FSC also ordered the bank to suspend its president for three months.

StanChart unveils first-of-its-kind affluent deposit account in Singapore

The new product is only available to its Priority Banking segment.

BEA launches digitised mortgage application services

Customers who apply for a $380k or above mortgage can get a cash rebate of up to 1.9%.

Regulators are the key to manage APAC banks rising cyber risks: S&P Global

The analyst said data breaches could prove crippling for individual banks.

Alipay+ to enable cross-border payments to South Korea for four Asian e-wallet

Users of these e-wallets can now pay over 120,000 merchants in South Korea.

AEON Credit H1 revenue soars 11.8%

Profit after tax increased by $22.52m

Bank of China warns public of fraud website

The fake website has been reported to the regulator and the Hong Kong police.

OCBC launches learners programme for the elderly

The programme aims to teach senior citizens how to use digital banking and avoid scams.

Bank of China Hong Kong raises prime rate to 5.125% per annum

The bank also adjusted its HKD savings deposit rate to 0.125% pa.

Bank of East Asia raises savings rate to 0.125% per annum

It is also raising its HK dollar prime rate to 5.375% pa.