News
APAC banks face time bomb of risks amidst new climate change policies
APAC banks face time bomb of risks amidst new climate change policies
Those who drag their feet when it comes to ESG compliance face a future of impairments, reputational damage.
Indonesia mulls digital rupiah: report
The central bank is looking at how it will help monetary policy goals.
HSBC exits US mass market retail banking, sells 90 branches
All personal, advance, and retail business banking customers with turnover below $5m are affected.
Deutsche Bank appoints new head of trade finance & lending in China
Daniel Qian is also head of structured trade & export finance.
Thailand’s KBank unveils sustainability fund for institutional clients
K-SUSTAIN-UI will invest in a sustainability-focused fund managed by JP Morgan.
Hong Kong’s Airstar Bank pilots corporate banking services for SMEs
The pilot trial is open to 100 small and medium enterprises.
Weekly Global News Wrap: Long journey for EU banks' green goals; Wall Street banks to flaunt resilience before Congress
And Greece's Alpha Bank taps JPMorgan, Goldman Sachs for plans to boost capital.
Chart of the Week: Hong Kong card payments value to grow 4.4% in 2021
This comes after two years of decelerating growth due to trade tensions, protests, and the pandemic.
Citi appoints new Singapore head of credit cards and personal loans
Serene Gay will oversee credit cards and unsecured lending covering Citi branded cards.
China’s $1.3t domestic debt hurtles to maturity as defaults surge: report
The huge debt, unprecedented pace of defaults underscores local authorities’ conflicting goals.
Global banks on a hiring craze as they vie for rich Asians’ assets
HSBC, Goldman Sachs, and Citi are all eyeing a piece of the region's trillion-dollar financial market.
China to account for half of mobile payments worldwide by 2023
The country’s mobile payment transaction value is expected to hit $1.3t this year.
StanChart signs MOU with Tazapay to enable digital escrow services in Proxtera
The bank will facilitate the opening of bank accounts in Tazapay.
Qatar National Bank continues to be largest bank in MEA: S&P
It is also the 100th biggest bank globally.
Need for speed: Industry leaders weigh on digital innovations in banking
Financial literacy is a prong that must be reinforced to improve digital services.
SB Finance, OneConnect to develop digital finance platform in the Philippines
It seeks to service the 65% of Filipinos who remain unbanked.
VCs flocking to "lucrative" APAC payments segment: report
Global VC deals rose to 620 in Q1 2021.