News

HSBC Singapore to name new CEO

Current chief Tony Cripps will become CEO of Saudi British Bank in May.

Philippine banks to offload bad loans via asset management firms

They will be granted tax incentives to cover transferring costs.

India shortlists four mid-sized banks for privatisation

Two of those lenders will be selected for sale in FY2021/2022.

Japan's banking regulator surveys lenders on impact of COVID restrictions

The regulator is reportedly seeking to prevent a huge rise in bankruptices of businesses.

Taiwan's central bank punishes Deutsche, ING, ANZ on currency speculation

They are not allowed to trade Taiwan dollar deliverable, non-deliverable forwards for a time.

DBS raises sustainability finance target to $50b by 2024

Companies have doubled down on ESG commitments due to the pandemic, the banks noted.

How exponential tech drove Asian banks' business transformation

The webinar discussed trends in digitisation and how banks are effectively using data to enhance processes.

Ant Group may resume IPOs once problems resolved: report

PBOC is still investigating monopolies in the fintech company.

Two in five Indian adults to have a digital bank account by 2026

Up to 373 million locals could open a digital-only bank account in the next five years.

Singapore central bank amends rules on managing tech risks

Financial firms should analyse and share threat intelligence within the ecosystem.

South Korean banks' loan delinquency rate flat in November

Compared to November 2019, delinquency rate is down 0.14 percentage points.

Shopee parent Sea acquires Indonesia's Bank BKE

The tech startup has raised $3b in stock offering for its business expansion plans.