trending Market Intelligence /marketintelligence/en/news-insights/trending/u1GxF25cy_T7-Sr7mG9FRg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

HSBC Greater China chief quits; 400,000 NAB customers eligible for class action

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

Digital Banking Battles Will Play Out In Southeast Asias Shopping Cart

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

HSBC Greater China chief quits; 400,000 NAB customers eligible for class action


* HSBC Holdings PLC's Greater China chief executive Helen Wong resigned to pursue an external opportunity, the South China Morning Post reported, citing an internal memo. A spokesperson of the bank said Wong's departure "has no connection with Huawei, no connection with former group chief executive John Flint leaving the bank and no connection with the job cut plan mentioned on Aug. 5."

* The China Securities Regulatory Commission has approved the IPO application from Nanhua Futures Co., Ltd., Xinhua News Agency reported.

* China will open its retail mutual fund sector to foreign private asset managers, Reuters reported, citing the Asset Management Association of China, an industry body supervised by the securities regulator. It did not say when the new policy would become effective.

* The China Securities Regulatory Commission has increased the number of stocks eligible for margin trading and short selling to 1,600 from 950. The regulator has also scrapped a uniform threshold for margin calls and let market participants decide based on their risk profile.

* The China Securities Regulatory Commission denied reports that claimed the country would open its futures market to more foreign investment.


* Japan's Financial Services Agency revoked the registration of Togo Securities Co. Ltd., a small Tokyo-based brokerage, for allegedly covering for its clients' investment losses.

* South Korea's Woori Bank received preliminary approval from Cambodian financial authorities in June to merge Woori Finance Cambodia Plc with WB Finance Co. Ltd., The Chosun Ilbo reported, citing industry sources. Woori Bank plans to complete the merger of its two consumer finance companies in Cambodia into a commercial bank this year.

* CTGen Co.Ltd. dropped its 16.2-billion-won bid to acquire Dae Won Mutual Savings & Finance Co. Ltd., citing a delay in obtaining regulatory approval.


* The net profit of banks in Thailand in the second quarter totaled 60.8 billion baht while nonperforming loan ratio stood at 2.95%, the Bank of Thailand said.

* Thailand's finance ministry and central bank are discussing forming a joint panel to oversee the country's fiscal and monetary policies, Post Today reported, citing Finance Minister Uttama Savanayana.

* TMB Bank PCL agreed to merge with Thanachart Bank PCL to create Thailand's sixth-largest commercial lender with about 1.9 trillion baht of assets. TMB Bank will acquire a 99.96% stake in Thanachart Bank from Toronto-based Bank of Nova Scotia and Thanachart Capital PCL, according to separate releases.

* PT Bank BRIsyariah Tbk is selling a sukuk at a yield of 7.4%, Bisnis Indonesia reported.


* Indian state-owned banks Allahabad Bank, Syndicate Bank Ltd. and Bank of India have cut their marginal cost of funds-based lending rates by up to 25 basis points, after the Reserve Bank of India lowered the repo rate by 35 bps, Financial Express reported.

* Dewan Housing Finance Corp. Ltd. is seeking 150 billion rupees of bank funding to restart lending to projects and retail customers, which were stalled by its liquidity crunch, the Press Trust of India reported, citing sources. The banks approached by the troubled mortgage lender have yet to approve the draft resolution plan, the sources said.

* Indian private sector lender Yes Bank Ltd. has named Anurag Adlakha its group CFO following approval from its board of directors. Adlakha is set to take over the role from Raj Ahuja, who was recently appointed group chief strategy officer.


* The Federal Court of Australia notified around 400,000 National Australia Bank Ltd. customers that they may qualify to take part in a class action against the lender over the sale of junk personal insurance coverage and credit cards, Insurance Business Australia reported. The bank will be legally compelled to notify the affected customers about the legal action.

* Commonwealth Bank of Australia unit Bankwest is introducing digital processing measures, such as e-signatures on bank loan documents, to cut mortgage approval time, The Australian Financial Review reported. The move aims at increasing its market share as the residential property market improves.

* Ross McEwan may start his new role as the CEO of National Australia Bank sooner, The Sydney Morning Herald reports. The news came after Sky News reported that Royal Bank of Scotland Group PLC is set to name Alison Rose to replace McEwan as the next CEO.

Aries Poon, Emily Lai, Jonathan Cheah, Jaekwon Lim and Santibhap Ussavasodhi contributed to this report.

The Daily Dose has an editorial deadline of 6:30 a.m. Hong Kong time. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.