News
DBS, MUFG eyeing Citi's Asian consumer business
DBS, MUFG eyeing Citi's Asian consumer business
The potential bids show growing appetite for businesses like credit cards
Philippines’ oldest bank eyes takeover of Citi’s local retail business
Newly appointed President TG Limcaoco said that BPI has sufficient capital to fund it.
Weekly Global News Wrap: US banks deploy AI monitoring despite concerns; Big Eurozone banks underreporting risky assets
And British digital bank Starling raises $69m from Goldman Sachs funding arm.
India's new digital payment licenses to increase competition, innovation
The NUE licensing has attracted the likes of Google, Amazon, and Facebook.
Citi to exit consumer banking in 10 Asian markets, doubles down on wealth
Consumer bank presence in Singapore, Hong Kong, UAE, and London unaffected.
Weekly Global News Wrap: US banks deploy AI monitoring despite concerns; Big Eurozone underreporting risky assets
And British digital bank Starling raises $69m from Goldman Sachs funding arm.
South Korean banks to extend $3.1b in loans to low-income citizens
They can expect to secure loans worth up to around $26,000 (KRW30m) per person.
India’s new digital payment licenses to increase competition, innovation
The NUE licensing has attracted the likes of Google, Amazon, and Facebook.
Citi APAC to add 1,100 relationship managers, private bankers for wealth arm
The bank expects AUM to expand by $150b under its Win-in-Wealth campaign.
DBS targets zero thermal exposure by 2039
DBS will cease onboarding new clients who derive more than 25% of their revenue from thermal coal.
Citi to exit consumer banking in 10 Asian markets, doubles down on wealth
Consumer bank presence in Singapore, Hong Kong, UAE, and London unaffected.
Malaysian banks' profits to recover faster than SEA peers: Moody's
Compared to regional peers, Malaysia’s biggest lenders have the smallest share of loans under relief programs.
Citi appoints co-heads of Citi Global Wealth in APAC
The bank saw record net new money inflows of $20b in the region last year.
Indonesia’s Bank BRI to offer digital banking, lending products in Bukalapak
This comes after the bank’s venture capital arm invested in the company.
Standard Chartered unveils K11 Atelier Priority Private Centre in Hong Kong
It aims to address the specific needs of affluent clients with HK$8m in AUM.
MUFG China appoints new deputy president
Johnson Yuan takes over from Liu Lihong, who is transferring to Japan.
Citi launches digital credit card for new customers
Singapore is the first market ever where Citi has rolled out this service for new cardholders.
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