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Brexit and weaker economic growth hit HSBC's performance
HSBC will continue reshaping its business and conduct cost-saving strategies amidst a weak performance in its European, Latin American, and North American businesses.
Increasing credit card usage opens opportunities for Chinese banks
China Merchants Bank and China CITIC Bank are developing their credit card businesses to stimulate retail income.
The merger of equals: What’s next for UAE banks?
The merger of First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) is set to change the banking landscape in UAE and the Middle East. The combined entity is expected to become the largest bank by assets in the region, with the financial strength and expertise to drive UAE’s economic growth.
The scandal that is shaking Malaysia’s financial sector
The scandal surrounding Malaysia’s 1MDB state development fund is making an impact on the country’s economy and banking system. After billions of dollars from the fund went missing, the role of the government and high-ranking officials in the fight against illicit financial flows is increasingly being questioned.
New Singapore crowdfunding rules must balance greed and fear
Proposed changes to crowdfunding rules in Singapore, announced days before the June 24 Brexit vote shook financial markets worldwide, throw into focus regulators’ challenge of balancing financial liberalisation and protecting investors seeking safety in times of turmoil.