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Write-off of CS AT1 securities no risk to SG banks: analyst
Write-off of CS AT1 securities no risk to SG banks: analyst
The strong corporate governance and risk management add bank confidence.
Standard Chartered’s Straight2Bank launches working capital, loan services
Clients can initiate and approve new loan drawdowns and rollover requests.
India’s banks can withstand fallout from US bank failures, Credit Suisse sale
The companies have manageable exposure to these banks.
OCBC opens Wuhan branch
OCBC Wing Hang Bank (China) now has 19 branches across 14 cities.
Hong Kong’s Fusion Bank launches business banking services for SMEs
Until 31 December, new customers may be exempt from account opening fees.
KBank sees 2 million new users in K PLUS app
The app recorded $292b (THB10t) in total transactions throughout 2022.
UNO Digital Bank offers account opening services to GCash users
GCash users can open a savings or time deposit account with no minimum balance needed.
Stable outlook for Australia’s Defence Bank: Moody’s
Asset quality pressures will remain contained.
Australia’s Alex Bank raising $20m
The bank’s lending strategy focuses on the consumer finance market.
China supports HK's bid for international finance hub status
The bank provided conducive factors through its policies.
Weekly Global News Wrap: Credit Suisse’s $17.2b of bonds written down to none; Credit Suisse says clients may want to move assets after merger
And Hong Kong pushes to become a virtual asset hub.
UBS’ takeover of Credit Suisse ‘insignificant’ to HK’s banking sector: HKMA
The total assets of Credit Suisse’s HK branch represent less than 0.5% of the local banking sector's.
OCBC launches net zero loan for corporates
Companies get a reduced interest rate on their loans when they meet targets.
No interruptions in Credit Suisse operations in Singapore: MAS
MAS said UBS’ takeover of Credit Suisse will not impact SG’s banking system.
UBS buys Credit Suisse in “emergency rescue”
The $3.2b acquisition has the full support of Swiss financial regulators, UBS said.
Low risk of bank runs in Asia: analyst
Japanese banks are the most vulnerable and face flat NIM growth.
Indonesia’s Bank BTN names Nixon LP Napitupulu as CEO
They have also decided that 20% of net profits for 2022 will be used as dividends.
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