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UOB profits down 11% to S$906m in Q1 amidst market volatility
Loan fees grew, but credit card and wealth fees recorded declines.
UOB profits down 11% to S$906m in Q1 amidst market volatility
Loan fees grew, but credit card and wealth fees recorded declines.
OCBC reports S$1.36b net profit in Q1
Profits were 10% lower than last year, but 39% higher than Q4 2021.
DBS posts US$1.3b net profit in Q1, second-highest on record
Wealth and investment banking fees were lower after 2021’s exceptional year.
Sumitomo Mitsui appoints former J.P Morgan banker as head of M&A advisory of SFDA
The newly created role sees Chirolli leading SMBC’s M&A advisory efforts in Asia.
Standard Chartered Hong Kong buys virtual land in metaverse
The Sandbox’s Mega City district is touted as a culture hub inspired by Hong Kong.
Weekly Global News Wrap: HSBC profits slide in 2021; UBS posts best Q1 profit in 15 years
And Swedish bank SEB signs up its first banking-as-a-service client.
6 in 10 Singaporeans have high trust in banks
Only 5% have low trust in the banking industry.
Dah Sing Bank resumes normal business operations in all branches
Kwun Tong and Tokwawan branches are set to reopen in 3 May.
DBS, Manulife Singapore launch insurance starter plan ProtectFirst
Customers can choose from three plans that focus on illness, life protection, or accident coverage.
Japan’s Shizuoka Bank maintains strong loan quality as profits continue to be weak
The bank has the strongest capitalization amongst regional banks in Japan.
Sumitomo Mitsui appoints Tomofumi Watanabe as new co-head of APAC structured finance
He was previously general manager of the Global Structured Finance Department Tokyo.
Hong Kong’s livi bank unveil livi Flexi Loan
Customers can access up to HK$1m in loans in as fast a 2 minutes.
Singapore standardizes template for corporate environmental risk assessment
A workgroup composed of Citi, DBS, HSBC, OCBC, StanChart, and UOB worked on the questionnaire.
Chart of the Week: Buy Now Pay Later gains traction in Australia
Afterpay remains king, whilst new players seek to carve out their own space.
Here’s how you build a successful Buy Now Pay Later platform: study
Hiring the right talent and developing a good tech stack are key to success.
Chinese banks report double-digit profit growth in 2021
But they also face a difficult 2022 due to a triple whammy of challenges.
LINE Bank marks first year in Taiwan with 1.1 million users
The digital-only bank has been popular with young people.
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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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