Economy
Mizuho buys stake in fusion power tech firm Zap Energy
Mizuho said that this is part of its bid for carbon neutrality.
Mizuho buys stake in fusion power tech firm Zap Energy
Mizuho said that this is part of its bid for carbon neutrality.
China property sector bailout to hit banks’ asset quality, solvency
Solving the issue of heightened inventory may cost 2.6% of China’s GDP.
SMEs propel growth in Asia’s corporate banking
Asia’s CIB is projected to grow by 7% annually through 2027.
India’s central bank names new executive director
Shri Aviral Jain will look after the legal and premises departments.
Japan, Cambodia’s financial service authorities exchange letters of cooperation
They will exchange views on regulatory and supervisory practices.
SCB sells food delivery platform Robinhood for over $61.3m
The buyers, led by Yip In Tsoi Group, will make an initial payment of $12.27m.
Mizuho purchases non-voting minority stake in Golub Capital
Mizuho’s stake represents less than 5% in Golub Capital’s management companies.
Hong Kong deposits see modest growth in August, up 1.1% YoY
Year-to-date, total deposits have grown by 5.0%.
APRA revokes two banking licences
At the time of revocation, the bank had not launched any products.
Central banks of Thailand, Vietnam hold bilateral meeting
The central bank representatives discussed banking and policy issues.
BNM proposes roadmap for transition to the Malaysia Overnight Rate
It proposed ceasing the usage of KLIBOR by 2027 and 2028.
Malaysia, Indonesia renew bilateral swap agreement.
The agreement has been extended for another 5 years.
Taiwan’s financial regulator names new director general for financial examination
Chen-chang Tong assumed his new role on 25 September 2024.
MAS safeguards enough to curb consumer over-indebtedness—MAS chairman
The news comes as bad debts jumped nearly 20% in Q1.
HKMA suspends banker for signature forgery on deposit form
He photocopied a customer's signature on a time deposit application form.
Evolving digital strategies boost brand equity and revenue
Precise targeting is essential for maintaining long-term brand equity.
HKMA proposes simplification of three-tier banking system
It aims to simplify DTCs to second-tier institutions.
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Banking Technology
Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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