News
HSBC sells Argentina banking operations with $1b loss
Grupo Financiero Galicia will be paying $550m for the unit.
HSBC sells Argentina banking operations with $1b loss
Grupo Financiero Galicia will be paying $550m for the unit.
Weekly Global News Wrap: Bain Capital sells Axis Bank stake for $429m; Switzerland boosts banking rules
And Postbank employees escalate their strike for a 15.5% wage hike.
Singapore banks’ interest rates will remain elevated until Q3: analyst
DBS and OCBC are expected to provide dividend yield of 7.4% and 6.5%.
Malaysian authorities probing service outages in two local banks
The banks are required to give a full explanation of what led to the incidents.
Citi names Janus Wu as IPB head for Hong Kong
Wu, who was Shenzhen branch manager, has relocated to Hong Kong.
Citi Hong Kong unveils mobile account lock feature
Customers can temporarily disable access to transaction services via the app.
Ant Group seeks to boost foreign payment accessibility in China
The group plans to expand bilingual support, amongst other enhancements.
Payments platform dLocal, Papaya Global team up to improve payroll processes
The partnership is live in Indonesia and Vietnam.
S’pore’s payment cards lead with 40% market share in online transactions
An analyst said Singapore’s advanced tech infrastructure has boosted alternative payments.
Korean banks began compensating investors for HK ELS-linked losses
Shinhan Bank and Hana Bank have begun compensating customers.
Vietnam’s HDBank eyes 30% dividend in 2024
Total assets are reportedly set to exceed $28b this year.
TerraPay obtains MPI License in Singapore
TerraPay now has 11 licenses and 19 regulator approvals across 30 markets.
Visa tokens bring $15b to Asia Pacific digital commerce in 2023
The company said Visa token issued has so far reached 1 billion.
Natixis IM names Mark Kwek as head of wholesale in SEA
Kwek joins from JPMorgan Asset Management.
Hong Kong’s ZA Bank kicks off dedicated banking services for stablecoin issuers
The bank has surpassed $1b in transfer turnover to Web3 clients.
BOK joins project exploring use of tokenisation to improve cross-border payments
Seven other central banks globally have joined the project.
Australia’s Defence Bank lending strategy buoys strong asset quality
The bank’s problem loans will remain below 0.5%, says Moody’s.
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