News

Thailand’s Krungthai Bank temporarily closes two branches

They will resume normal operations on 22 April.

DBS and OCBC expected to deliver steady Q1 net profits

Their net interest margins will ease as a result of their Hong Kong loans.

Taiwan’s Hua Nan’s asset quality to remain sound through 2025

Loans to SMEs and the property sector have improved, says Moody’s.

Property malaise weighs on China and Korean banks

Most of APAC banks have a stable outlook for 2024, says S&P.

India floats regulations for non-bank POS payment aggregators

They are required to apply authorisation from the RBI by May 2025.

Robust employment, stable housing market anchors CUB’s profits

But net interest margin will likely stay flat or contract mildly.

China boosts financial services to advance new industrialisation

Insurance funds should provide long-term stable financial support.

Mebuki's profits to improve but unrealised losses to rise

Its problem loans ratio is stable due to strong borrower quality.

Why tokenization and funding are two key issues for financial disruptors in 2024

HSBC's Vincent Lau a lineup of 250 speakers to discuss these at Money 20/20 Asia.

Techcombank’s Prasenji Chakravarti lays bare their ESG strategy

The bank is transforming its IT infrastructure to better process green data.

ING names ex-BofA Merril Lynch banker as APAC corporate finance head

Gautam Saxena also founded the venture capital fund Pegasus 7 Ventures.

Endowus launches full-service digital wealth platform in Hong Kong

It is also launching its flagship portfolios in May 2024.

Rising rates lift profitability of Japan’s 77 Bank

The same rising rates will increase the bank’s unrealized losses on its domestic bonds.

Funding to SEA fintechs drop 44% in Q1 but early-stage fintechs fly high

Funding to crypto firms more than tripled compared to Q4 2023.