NEW Zealand banks have been ordered to take steps to reduce the risk of bad behaviour, including scrapping all incentives linked to sales.

BT EXCLUSIVE

OCBC Bank has become the latest bank to raise interest rates for credit card late payments, raising questions on whether this would trigger a new round of increases by other banks.

BANKS in Hong Kong are aggressively cutting property valuations as the city's housing market weakens, threatening to fuel a downward spiral in prices, according to brokerage CLSA...

[HONG KONG] Banks in Hong Kong are aggressively cutting property valuations as the city's housing market weakens, threatening to fuel a downward spiral in prices, according to brokerage CLSA Ltd...

HSBC Singapore on Thursday announced that it will be relocating its head office to Marina Bay Financial Centre (MBFC) Tower 2 from its current premises at HSBC Building to accommodate the company’s...

[SYDNEY] A senior central bank official has downplayed the chances of a slowdown in Australia's once-booming housing market undermining the stability of the country's banks, saying the risk...

GOING CASHLESS

INDEPENDENT e-payment players such as Grab and Go-Jek will be the biggest winners in the South-east Asian e-payment market, going by a latest Morgan Stanley report. This is followed by banks,...

OCBC Bank said on Tuesday night that a software failure in the backup unit for its core banking system was behind Saturday's service outage...