Markets
Japan’s Sumitomo Mitsui mulling stock split
Japan’s Sumitomo Mitsui mulling stock split
It has not yet decided whether to push through or not, however.
Malaysia, South Korea renew their bilateral swap agreement
The swap arrangement can be further extended via mutual agreement.
Shell companies and crypto propel money laundering risks in APAC
Trade-based ML is also on the rise, warned Forrester in its new report.
OCBC launches $676.95m fixed rate subordinated notes
The notes will have a coupon of 5.52% annually.
South Africa’s Absa Group expands to China
Absa Group will provide general advisory services to clients based in China.
Japanese banks back fund to develop space industry
SMBC, MUFG, and Mizuho Bank are all named limited partners.
Thailand’s central bank appoints three new senior roles
Two deputy governors are rotating while one assistant governor is moving up.
China banking focuses on credit structure optimisation
PwC said the sector needs to continue to implement strategic initiatives.
Overseas expansion impacts Korean banks’ OE score
Despite Korea's high GDP per capita, the current level suggests there's still room for improvement.
Japan’s SMBC joins JV to support drug discovery start-ups
The bank will own 33.2% of the JV company, which will be established mid-2024.
SC Ventures expands into Abu Dhabi's tech ecosystem
New office targets regional tech innovation and fintech growth.
Malaysia warns against four unauthorised companies
They have similar names to companies authorised by BNM but are not related to them.
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.
Payment firm Nium now a registered financial service provider in New Zealand
It plans to offer virtual accounts, and debit and prepaid cards, amongst other services.
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.
60% of commercial banks don’t have women in C-suite roles
No woman was appointed CEO of a commercial bank over the past year.
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