banking | FinanceAsia

HSBC to restructure into four units; appoints CFO

From January 1, 2025, the bank will operate through four businesses: Hong Kong, the UK; corporate and institutional banking; and international wealth and premier banking. The Apac and Middle East units will also be combined.

October 22, 2024

PBOC offers stimulus relief for mortgages, cuts RRR for banks

Outstanding mortgage rates for individual borrowers will be cut by 0.5%, potentially helping around 50 million households, while the reserve requirement ratio (RRR) for most banks will also be cut by 0.5%.

September 24, 2024

UOB makes 'management refresh' amid digital push

Lawrence Goh to take on head of group technology and operations with Susan Hwee to become new head of group retail, replacing retiring Eddie Khoo who is joining UOB Vietnam as a senior adviser.

July 25, 2024

Hong Kong banks explore GenAI benefits as profits rise

Factors including interest rates, challenging markets, return on investments, resilience and security, intertwine when banks explore generative AI use case and scalable applications.

July 16, 2024

Banking on innovation: setting new standards in Mongolia

Golomt Bank’s deputy chief executive officer, Odonbaatar Amarzaya: Golomt Bank is building on the solid foundations of its track record over nearly 30 years, striving every day for good via sustainable development while also creating new digital value.

Golomt Bank

Asian banks eye the next wave of AI

Generative AI was a hot topic in 2023 and will be again this year. While the tech will help the market, institutions should build talent and assess the risks before scaling up.

January 09, 2024

Hong Kong's banks urged to step up digital fraud monitoring

As cases spike, the Hong Kong Monetary Authority is stepping up efforts to tackle fraud in an evolving banking landscape such as the use of the Faster Payment System.

January 09, 2024

MUFG appoints Mick Wang as head of China business unit

Wang, who joins from Citibank, will lead MUFG China’s non-Japanese client coverage teams for its corporate banking portfolio, comprising local and global corporates, Chinese SOEs and financial institutional clients.

November 14, 2023

HSBC to acquire Citi’s China-based consumer banking portfolio

At the start of this week, Citi and HSBC formalised an agreement that is set to close in the first half of 2024.

October 10, 2023