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OCBC conservative about FY2025 targets amid trade tensions, uncertainties

This is despite bank’s net profit for FY2024 rising 8% to record S$7.6 billion

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Maybank Q4 profit rises 6.1% to RM2.5 billion

The lender declares a second interim cash dividend of 32 sen, taking full-year dividends to 61 sen

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China to start bank recapitalisation with at least 400 billion yuan

CHINA plans to start re-capitalising several of its biggest banks in coming months, according to people familiar with the matter, following through...

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Thai central bank surprises with rate cut as risks to growth increase

THE Bank of Thailand unexpectedly cut its key interest rate for the first time in four months, acting after disappointing growth data...

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Thai central bank cuts key policy rate amid slow growth, trade policy risks

THAILAND’S central bank cut its benchmark interest rate by a quarter percentage point on Wednesday (Feb 26), a move it said was...

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HSBC names Asia country, banking heads in CEO’s major revamp

In the “priority markets” of China, India and Singapore, HSBC named Zhenyi Tang, Ajay Sharma and Gilbert Ng as heads of banking

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Great Eastern privatisation is ‘natural progression’ in bank’s strategy: OCBC CEO Helen Wong

The bank aims to drive collaboration across its three main business pillars of banking, wealth management and insurance, under its ‘one group’...

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EY Australia to consider ‘targeted restructuring’ as difficult operating conditions persist

EY AUSTRALIA is considering cutting jobs as part of “workforce adjustments” to reflect challenging market conditions, with some targeted restructuring possible for...

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Circle says stablecoin issuers should be US registered

JEREMY Allaire, the co-founder of stablecoin issuer Circle Internet Financial, is making the case that the issuers of the US dollar-based cryptocurrencies...

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Dividend-yielding banks, Reits to gain in near term from MAS review group initiatives

Quality mid-cap companies could also see higher interest, liquidity

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