News

HSBC profit before tax is $30.3b in 2023

But the bank also had a $3b impairment charge related to the Bank of Communications.

Hong Kong’s BEA reports 5.5% lower profit in 2023

Basic earnings per share is HK$1.32, unchanged from a year ago.

UOB hit record S$6.1b net profit; final dividend is 85 cents per share

Higher credit card and wealth management fees pushed fee income growth in 2023.

UOB giving out extra one-off bonus to 6,000 junior employees

This is to help them cope with rising costs of living.

Fintech UNOAsia raises $32.1m in pre-series B round

It will support efforts to scale up UNO Digital Bank in the Philippines.

South Korea’s household loans rose by $4.8b in Q4

Loans extended by banks rose by $8.5b during the period.

Mizuho seeks to remain amongst top 10 global investment banks: report

Investment banking head Naoki Takahashi wants to challenge bulge-bracket banks.

Fed policies shape APAC bond markets

The impact of Federal Reserve's decisions on Asia-Pacific local currency bonds reflects in interest rates.

Judo Bank poised for growth over next two years

Strong margins, rising lending assets will push it to expand.

OCBC gives S$9m support to 14,000 junior employees

Payouts will be made between February to March 2024.

Standard Chartered names Jacob Berman as Australia CEO

Berman first joined SC in 2012 and has worked in Singapore and Dubai.

BOCHK warns of phishing emails

It has reported the case to Hong Kong authorities.

Mizuho designates US intermediate holding company

It is required under the US Federal Reserve Board’s Regulation YY.

Mizuho Bank acquires all shares in pension subsidiary

DPCS operates a call center and online services offering defined contribution pension plans.