News
Krungthai Bank to temporarily shutter Thepprasit Road (Pattaya) branch
Krungthai Bank to temporarily shutter Thepprasit Road (Pattaya) branch
This is due to suspension of electrical supply.
Nomura doubles top managers’ pay for FY2024: report
CEO Kentaro Okuda is amongst those who enjoyed higher compensation.
StashAway’s Hong Kong assets expand by 20% in Q1
Majority of their assets are from HNW and emerging HNW clients.
Chart of the Week: 8 in 10 Chinese people use mobile wallets
Alipay and WeChat pay each have 1 billion users globally.
Morgan Stanley’s James Corman to step down as executive chairman
He highlighted the successful transition of the new CEO in his announcement.
Hong Kong central bank extends deputy chief exec’s appointment for 2 years
Yuen will continue in his role for two more years beyond retirement age.
Norinchukin Bank’s profits up 24% to $405.7m for FY2023
Net gains from sales of securities jumped over 800% over the period.
Japan’s Norinchukin Bank proposes changes to board
One auditor, Masaki Ogata, is retiring on 21 June.
APAC’s Top 20 banks' combined revenue up 4.3% in 2023
Japanese banks were the biggest winners whilst Chinese banks’ total revenue dipped.
Two banks in Hong Kong warn against phishing emails
Tai Sang Bank cautioned against emails claiming to be from its chairman.
Swift extends ISO 20022 across entire payment chain
It worked with 14 banks globally, to standardise payments.
Hong Kong unveils financial planning education services to youth
The programme will offer information on financial management and saving.
SG fintech UnaFinancial establishes microfinance company in Uzbekistan
The installment loans to be offered will have repayment terms of 3, 6, or 9 months.
HSBC unveils US thought leadership programme for Asian UHNWs
The three day programme will connect the UHNWs to tech leaders.
Korea’s Shinhan Card likely to maintain stable capital and liquidity
However, asset quality and profitability are expected to weaken, says Moody’s.
Korean regulators visit Hong Kong to discuss short-selling monitoring
South Korean reps met with investment banks and the CEO of SFC Hong Kong.
Singapore, Japan renew bilateral swap arrangement
Singapore can swap up to $3b whilst Japan can swap up to US$1b.
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