News

Vietnam’s OCB to see loan delinquencies ease through 2026

Profitability will remain below historical levels, however.

Vietnam’s OCB to see loan delinquencies ease through 2026

Profitability will remain below historical levels, however.

Philippine central bank welcomes new monetary board member

Querubin was president and CEO of UCPB from 2003-2007.

Hang Seng Bank taps Derek Ngai as new head of audit

Ngai was head of audit for Hong Kong and Macau at HSBC.

Health, retirement are affluent Asians’ top financial worries in 2024

Globally, 3 in 10 Baby Boomers surveyed are still behind their savings goals, says HSBC.

Malaysia's private loans grew 5.5% in July

Growth of working capital loans drove up the number of business loans.

Risk mgmt efforts to preserve Citic Group’s capital vs profit pressures

Banking subsidiary to manage “modest growth appetite” despite narrowing margins.

Maybank kicks off Islamic banking operations in the Philippines

It is the first commercial bank in the country to get an IBU license.

HK-listed Chinese banks deliver 23% higher returns in 8M 2024

Major banks’ plans to distribute interim dividends lifted market sentiment.

Siam Commercial Bank announces disruptions to SCB EASY app

It will be unavailable from 1AM to 5:30 AM on September 21-22.

Citi nabs J.P. Morgan banker to head investment banking financing

Achintya Mangla is now in charge of financing duties for Citi’s global DCM, ECM, syndicate and private capital markets.

CashOn to explore digital currency lending matching services

It signed a strategic cooperation memorandum with Wuxi Huishan (Shenzhen) Innovation Center.

iFAST Global Bank unveils cross-currency transfer service

This allow money transfers to over 50 countries in more than 25 currencies.  

Bank of China to weather potential losses, asset quality strains: S&P

Bad loans ratio for its mainland property loans has shrunk to 4.94% in June 2024.

Citi nabs BofA, ex-Goldman Sachs’ bankers to boost ANZ markets business

The new senior hires also come from Perennial Partners and MST Financial.