News
DBS smashes record with S$2.01b net profit in Q1
DBS smashes record with S$2.01b net profit in Q1
DBS' net profit doubled in the first quarter of 2021.
Singapore bank loans down for 10th straight month, but recovery in sight
The 0.2% drop in March was the smallest decline recorded since the indicator turned negative in June last year.
Citi appoints director for APAC transition management and portfolio solutions team
James Clark will begin serving his new role on 24 July.
Banks in China, Japan still APAC’s largest lenders: S&P
S&P’s list of the region’s 50 largest banks saw 6 Chinese and 4 Japanese banks up top, whilst Australian banks slid down.
DBS, EY, Mox and more share how data, digital shape the future of banking
Over a hundred banking and finance professionals attended the ABF Retail Banking Digital Conference.
Chinese neobank MYbank aims to be active in 2,000 rural counties by 2025
The bank said that it has served over 35.07 million SMEs in 2020.
Singapore, Thailand launch real time cross-border payments system
Participating banks’ clients will be able to transfer up to S$1,000 or THB25,000 daily.
Airstar Bank launches 24-hour FX trading service
Customers who complete FX transactions worth HK$50,000 in total until 31 May will receive an HK$100 rebate.
Chart of the Week: Singapore’s card payments market to grow 10.2% in 2021
Business reopenings and ongoing COVID vaccination program will support spending.
DBS, J.P. Morgan, Temasek launch open platform for interbank payments
The three banks are building up on projects from their participation in Project Ubin.
Olympics, improving economy to push Japan card payments up by 9.5%
Card payments in Japan are expected to reach $1.1t by 2024.
Ant Group’s valuation might fall to $29b amidst regulatory scrutiny: analyst
Pre-clampdown, the group’s valuation is at $320b, according to Bloomberg Intelligence.
Thai payment service provider GB Prime Pay now accepts JCB
The partnership expands the online merchant payment network in Thailand.
Australia’s Big Four asset quality deterioration ‘manageable’: Fitch
The country’s improving economic performance reduces downside risks.
HSBC stokes discontent amongst senior staff with pivot to Asia: report
Senior bankers reportedly expect friction with the regional chief, sources said.
DBS to acquire 13% stake in Shenzhen Rural Commercial Bank for $810m
It will become SZRCB’s largest shareholder upon the deal’s completion.
DBS, MUFG eyeing Citi's Asian consumer business
The potential bids show growing appetite for businesses like credit cards
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