News
Clear skies ahead for Aussie banks as economy improves
Clear skies ahead for Aussie banks as economy improves
Banks can withstand NPL growth due to loan loss reserves.
HSBC Singapore names new global liquidity head
Winnie Yap will be responsible for treasury solutions for Singapore firms.
Weekly Global News Wrap: Morgan Stanley offers bitcoin to wealth clients; SLB market could hit $150b this year
And Barclays expands private banking unit to France and Italy. From CNBC:
Mizuho Bank halts leadership change following system glitches
The bank suffered four glitches in a span of two weeks.
Chart of the Week: Singapore card payments to rebound 10.2% in 2021
Card payments are expected to reach $96.5b in three years’ time.
Chart of the Week: Singapore card payments to rebound 10.2% in 2021
Card payments are expected to reach $96.5b in three years’ time.
HSBC Singapore names new global liquidity head
Winnie Yap will be responsible for treasury solutions for Singapore firms.
Hong Leong floats green vehicle financing for Singapore vehicle rental firms
The Vehicle-Green Loan offers a rate as low as 1.5% per annum.
Singapore investment banking fees up 79% to $176.5m in Q1
M&As are off to a slow start whilst there was only one IPO by a local company so far.
Weekly Global News Wrap: Morgan Stanley offers bitcoin to wealth management clients; SLB market could hit $150b this year
And Barclays expands private banking unit to France and Italy.
Hong Kong's ZA Bank crosses 300,000 users, 4% of city's population
The bank has given HK$650m in loans.
Mizuho Bank halts leadership change following system glitches
The bank suffered four glitches in a span of two weeks.
OCBC to roll out face verification in eight Singapore ATMs
The bank will extend the technology to all of its ATMs in Singapore progressively.
Mizuho sets up committee to probe system failures
The failure has hurt the firm's credibility, it says.
DBS CEO Piyush Gupta's pay down 24% in 2020
His cash bonus dropped by 27% amidst cutbacks in the bank.
UOB to raise pay, floats promotions for 98% of bank's employees
Review of compensation packages for senior management will be considered later.
HSBC floats plan to phase out coal financing by 2040: report
The bank caved to investor pressure that called for the reduction of loans, underwriting services to fossil fuel companies.
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