AUSTRALIAN prudential regulator on Friday (Aug 23) said it has increased the capital add-on requirement for lender ANZ Group to A$750 million (S$658.5 million), reflecting escalating worries about the bank’s management of non-financial risks.
PING An Insurance (Group) said profit rose nearly 7 per cent in the first half, after a stock-market recovery helped bolster investment returns at China’s second-largest insurer by market value.
HONG Kong’s push for a digital-asset hub faces growing pains amid uncertainty over whether 11 crypto exchanges will all achieve full licences after earlier receiving initial approvals.
AIA Singapore’s value of new business (VONB) rose 27 per cent on the year to US$219 million for the first half ended Jun 30, from US$173 million in the year-ago period, on a constant exchange-rate basis.
SOUTH Korea’s central bank kept interest rates unchanged on Thursday but signalled it was ready to start easing policy as price pressures and growth eased, raising expectations for a rate cut at its October meeting.
BINANCE Holdings is hiring 1,000 people this year with many earmarked for compliance roles as the crypto exchange’s annual spending to meet regulatory requirements, including United States oversight under a plea deal, tops US$200 million.
PRICEWATERHOUSECOOPERS’ (PwC) China unit expects the Chinese government to hand down a six-month ban that will start as early as next month as part of punishment over its audit of failed property giant China Evergrande Group, the Financial Times (FT) reported.
ZOMATO agreed to buy Paytm’s movie and events ticketing business for 20.5 billion rupees (S$319 million) in cash, snapping up an asset from the fintech pioneer to move beyond food and grocery delivery.
