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Asia’s Top 20 banks by revenue bounce back in 2021
Asia’s Top 20 banks by revenue bounce back in 2021
But the recovery may not be sustained in 2022 as constraints pile up.
MAS slaps S$330m add'l capital requirement at OCBC after phishing fiasco
The review found deficiencies in the bank’s risk mitigation and incident management.
EastWest Bank to appoint new CEO, President
New CEO is current strategy consultant for the bank’s parent company Filinvest.
Over 17 million Koreans use online financial services daily: central bank
Two in three Korean respondents use mobile financial services.
Bank of Singapore appoints global head of investments
Robert Reid has 30 years of legal, consulting, and financial services experience.
OCBC invests S$25m to reduce carbon footprint in operations
The bank plans to retrofit its buildings with solar panels.
E-payments poised to replace credit cards in China, Indonesia: Experian
Buy now, pay later has been eagerly embraced by Indonesians.
Weekly Global News Wrap: US to bar Russian bond payments through US banks; England warns profit hit should banks fail to take climate action
And Barclays identifies material weakness in the internal control process.
Hong Kong fintech krip launches deals, offers platform for credit card users
Users can access over 6,000 deals from 3,000 merchants.
Bank of Singapore appoints wealth planning head for Greater China
The bank has also hired a senior wealth planner, to be based in Singapore.
Grab unveils new financial brand GrabFin
It also rolled out its investment product, Earn+, with a projected yield of up to 2.5% per annum.
Foreign banks in South Korea see earnings fall in 2021
Fee and commission income shrank by over 230% during the fiscal year.
Citi Australia appoints Mark England as new head of securities services
England is currently APAC co-head of sales for Citi Securities Services.
Liechtenstein’s VP Bank scales up Asian operations with new hires
The bank has appointed Johnny Heng as head of its Singapore branch.
Philippine-based Netbank launches all-in-one financial app for overseas workers
Filipino foreign workers can remit and send money to the Philippines at a lower cost.
Lockdowns threaten Chinese banks' loan quality: analyst
Exposure to the ‘vulnerable’ engineering & construction sector could deteriorate asset quality.
Chart of the Week: Mobile wallet payments pick up pace in South Korea
High smartphone and internet use drive its use.
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