Economy

HKMA suspends banker for signature forgery on deposit form

He photocopied a customer's signature on a time deposit application form.

Evolving digital strategies boost brand equity and revenue

Precise targeting is essential for maintaining long-term brand equity.

HKMA proposes simplification of three-tier banking system

It aims to simplify DTCs to second-tier institutions.   

PH central bank welcomes new anti-financial account scamming law

It authorises the BSP to investigate cases violating law, amongst others.

Evergreen and UBBIB sign strategic partnership, paving the way for a multimillion-dollar transformative merger

This collaboration further expands Evergreen's presence in Malaysia’s financial sector.

APAC banks face potential impact from falling property prices

China’s declining property sales and home prices signal weakened confidence.

China's bank assets grow to $60.14t in Q1 2024

This grew by 8.1% on a year-on-year basis.

Crackdown may slow Vietnam banking processes: S&P

Vietnamese bank’s failure reveals corruption, fraud and violations in sector.

Indonesia's money supply falls 6.9% YoY in April

Thanks to disbursed loans and net claims.

HKMA reports 2.2% rise in total bank deposits

Total remittance of RMB for cross-border trade settlement saw $176b.

Banks most vulnerable to illegal trade financing – MAS

Env Crimes generate between $110b-$281b in criminal gains yearly.

Overseas Filipinos’ remittances up 3% to $2.95b in Feb

A total of $2.65b in remittances coursed through banks, the central bank said.   Personal remittances from Overseas Filipinos (OFs) grew by 3% to $2...

Singapore banks’ interest rates will remain elevated until Q3: analyst

DBS and OCBC are expected to provide dividend yield of 7.4% and 6.5%.

Asian banks struggle with less liquidity amidst global slowdown

Shifting economies and interest rates shape the banking landscape.