Tag: Asia


South Korea sets out measures to promote competition in banking sector

July 5, 2023

Via: FinTech Futures

The measures follow a series of meetings held with private sector experts, financial industry officials and research institutions since the end of February to improve the management and operating practices of the country’s banks. The Financial Services Commission (FSC) and […]

Activity, News, Retail Banking

HSBC bids goodbye to loss-making US division as profits move to Asia

May 28, 2021

Via: FinTech Futures

HSBC has announced a “strategic withdrawal” from its US retail banking operations, selling chunks of its business as it continues to focus on Asia. In February, the first notes of a withdrawal sounded as HSBC said it planned “organic and […]

Capital and Risk, Macroeconomic

Asia has ‘mitigating factors’ to counter a global growth slowdown, says bank CEO

February 18, 2019


Global growth is expected to slow in the coming months, but Asian economies could hold up reasonably well, thanks to several “mitigating factors,” according to the chief executive of Southeast Asia’s largest bank. “The overall macro-economy will be a tad […]


Alibaba enters Banking Circle for shapely payments

September 27, 2018

Via: Banking Technology

Anders la Cour, co-founder and CEO of Banking Circle, says: “Payment providers who join Banking Circle can offer ‘local’ cross-border payments, with low fees, good FX rates and fast transfer times. It’s a cohesive solution – there’s no differentiation between […]


Barclays to reveal Asia investment banking job cuts

January 6, 2016


Barclays will announce investment banking job cuts across Asia next week, including closures in South Korea and Taiwan, sources with direct knowledge of the matter told Reuters. The British bank’s latest cost cuts as part of its global restructuring will […]