News
Banks most vulnerable to illegal trade financing – MAS
Env Crimes generate between $110b-$281b in criminal gains yearly.
Banks most vulnerable to illegal trade financing – MAS
Env Crimes generate between $110b-$281b in criminal gains yearly.
ICBC Asia warns against phishing SMS message
The bank said that it has reported the case to the local police.
Singapore expands scope of guidelines on fair dealing
It now covers all financial institutions and all the products and services offered.
Maybank sets new crude palm oil, power emissions targets by 2030
In 2023, CPO production and power emissions are well below reference scenarios.
Bank of Singapore forms CIO advisory council with Goldman Sachs, BlackRock execs
The 8 members have reportedly weathered the 2008 GFC and the 2020 pandemic downturn.
India’s commercial banks’ non-performing assets shrank in 2023
Credit costs have declined, with public sector banks holding “substantial buffers”.
Philippines’ Remolona warns of oil prices, interest rates as financial stability risks
The financial stability council also warned of geopolitical risks.
Six Indian banks’ outlooks revised to positive as economy strengthens
Infrastructure spending will pave the way for robust economic growth, says S&P.
Thailand’s central bank appoints new assistant governors
The four individuals promoted were previously senior directors for different teams.
GoTyme Bank launches multi-currency time deposit with $1 minimum
The Philippine-based digital bank promises interest rates between 3% to 3.5%.
Top banks’ assets expanded 5.1% in 2023
HSBC is a top performer, whilst China Merchant’s Bank saw fees decline.
Fintech Aspire clinches money service operator license in Hong Kong
It aims to facilitate cash management and money transfers of local SMEs.
India rolls out online platforms and repositories for enhanced regulation
PRAVAAH makes it easier to apply for a license and obtain regulatory approval.
Hong Kong’s rich investors seek more risk for more returns
About 1 in 3 investors said that their current investment returns have room to grow
Citi names ex-BNP Paribas banker as new head of markets for Thailand
Nattaphan Assavavisessivakul was head of global markets and ALM Treasury at BNP Paribas.
SMBC’s US digital lender Jenius Bank hits $1b in savings deposits
It will roll out a mobile app in the coming months.
Singapore HNWs says current investment returns have “room to grow”
Almost 1 in 2 are frustrated from their portfolios’ “generally underwhelming” performance.
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