News
China injects $15.5b cash into the financial system to maintain liquidity: report
China injects $15.5b cash into the financial system to maintain liquidity: report
The nation’s top leaders recently described economic recovery as “unbalanced and unstable.”
Chart of the Week: Card payments in China to rebound 21.3% in 2021
Card payments are set to rise as economic activities gathers pace.
Citi APAC adds nearly 650 new wealth professionals in 2021 so far
The group has added over $5b in net new money in Q1 alone.
Goldman Sachs ramps up China ambitions with hiring spree: report
It is planning to add over 400 new people in its headcount in 2021 alone.
Citi appoints new head for private banking arm in South Asia
Lee will have direct responsibility over the private bank arm of Singapore, Malaysia.
Citi APAC rolls out gender diversity program for investment, securities arm
The program’s 50 top candidates will have the chance to be recruited by the bank.
Standard Chartered, EastWest on the blueprint for building the bank of the future
Data is the new oil, says Sarabjit Anand, Standard Chartered’s CIO for Singapore and ASEAN.
Low costs buoys Australian banks’ profits, but pressures to persist
Operating profit is 46% higher than last year, but pre-impairment earnings remain subdued.
HSG shares insights on modelling core banking IT for the digital economy
Sisi Yu gives us a glimpse of how banks can achieve higher performance through improved services.
OCBC net profit more than doubled in Q1, wealth on the rise
Wealth management income jumped 40% in Q1 from the previous quarter.
China’s digital currency fails to excite locals: report
Chinese people showed little interest in switching from mobile payment systems of Ant, Tencent.
Malaysia’s Maybank will no longer finance new coal activities: report
The bank was criticized by NGOs in Malaysia and Indonesia for funding coal plants.
Indonesia’s Bank Agro appoints Kaspar Situmorang as CEO, to build neobank
Bank Agro will build on app Pinang's clientele to build a digital-only bank.
OCBC remains in agile, flexible work arrangement after local COVID surge
SIngapore has scaled back the number of employees allowed in the office to 50% of the workforce.
Singapore's finance sector to create 6,500 jobs in 2021: regulator
Approximately 6,000 of these new jobs are permanent positions.
Swiss bank completes acquisition of BMO Private bank in Singapore, Hong Kong
The acquisition includes clients and BMO’s relationship management team.
Weekly Global News Wrap: US to name new bank regulator supervisor; Deutsche urged to tighten money laundering watch
And investors doubt Canadian banks' commitment to emissions targets.
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