News

South Africa’s Absa Group expands to China

Absa Group will provide general advisory services to clients based in China.

Chinese banks dominant whilst Japan, South Korean banks’ assets falter

Australian and Singaporean banks’ assets remained steady, S&P’s study showed.

Citi names Damien Tan as head of corporate bank for Singapore

Tan was previously head of local corporates for Citi Singapore.

DBS CEO Piyush Gupta sells S$2.69m bank shares

He still holds over 2.715 million shares in DBS.

UOB’s core net profit down 1% to S$1.6b in Q1 as interest income dips

Trading and investment income hit a record high, however.

UOB to maintain good asset quality amidst profitability dip

The bank is also expected to have a steady core capital ratio.

DBS to maintain strong solvency, robust funding: Moody’s

It is anticipated to sustain high profitability with return on assets of around 1.3%.

Olea, Standard Chartered forge alliance to empower SMEs

The alliance signals a proactive effort to support SMEs by leveraging digital innovation and financial services.

Road closures set around Sports Hub, Marina Centre for OCBC Cycle on 11-12 May

Over 7,000 cyclists are expected to participate at the OCBC Cycle 2024.

GX Bank, Zurich Malaysia ink 10-year bancassurance partnership

They will co-create micro digital insurance products for Malaysians.

BOCHK warns against remittance phishing email

The email reportedly intends to steal customers’ data.

Hong Kong extends green and sustainable finance grant scheme for 3 years

The grant scheme will also expand to cover transition bonds and loans.

Philippine loan officer fined for violating lending regulations

The officer was an employee of the now closed Ruran Bank of Buguias (Benguet).

StanChart’s Signature CIO Funds attracts over $1b

The funds have returned over 28% since launch, the bank said.