News
MAS in “close contact” with Swiss regulators over Credit Suisse
MAS in “close contact” with Swiss regulators over Credit Suisse
Credit Suisse recently announced that it is borrowing up to CHF50b.
Corporate banks ramp up data analytics to boost customer acquisition
They also plan to use data and analytics to assess productivity of relationship managers.
Value of CBDC payments to reach $213b annually by 2030: study
Adoption will be driven by governments boosting financial inclusion.
Japan bank lending up 3.3% in February
Average outstanding amount totalled JPY598.9t for the month.
NIM, higher expenses drag on Malaysian banks’ earnings growth in 2023
Mid- to high-single digit NIM compression will offset loan growth, an analyst said.
Security Bank face higher funding costs, lower margins in 2023
Loan growth is expected to fall by 9% year-on-year.
Singapore bank profits to peak in 2023, but high rates will dampen lending
Margins will peak mid-year, but loan demand is falling.
Citi appoints Bhanu Vohra as India head of commercial banking
He reports to Tushar Vikram and Rajat Madhok.
South Korea’s K-Bank quadruples net income in 2022: report
The neobank now has 8.49 million customers.
ING closes Ant Group’s $400m sustainability-linked derivative
Ant Group will receive rebates from ING when it achieves its sustainability targets.
South Korean bank deposits up by KRW22.3t in February
Transferable deposits rose by KRW21.4t during the month.
Korean banks' household loans extend decline whilst corporate loans slow
Loans extended to local SMEs rose rapidly in February.
China reopening to lift Hong Kong banks’ earnings: Fitch
Fitch Ratings expect higher net interest income and NIM.
UOB prices A$1.5b dual tranche 3-year senior unsecured bond
The notes are expected to be issued on 16 March 2023.
Weekly Global News Wrap: Nomura cuts entertainment budget; crypto bank Silvergate closes down
And Bank of America CEO says he and the bank are “capitalist” as anti-ESG critics gain steam.
Credit Suisse clinches approval to launch wealth business in China: report
The Swiss bank is pushing to roll out its wealth business by the first half of 2023.
DBS CEO Piyush Gupta earned 13.3% more in 2022
Gupta’s salary is S$1.5m in 2022, up from S$1.2m in 2021.