by Nehad Kenanie | Mar 1, 2017 | Australia, Executive Changes, Uncategorised
(27 February 2017 – Australia) Former NSW premier Mike Baird has been appointed head of National Australia Bank's (NAB) corporate and institutional banking division. Starting the new role in April, Baird will reignite a banking and finance career that...
by Nehad Kenanie | Mar 1, 2017 | Asia, China, Foreign Exchange, Investment, Regulatory & Government, Uncategorised
(28 February 2017 – Hong Kong) China has announced that it will ease rules on offshore institutional investors hedging currency risks in the domestic forex market. The move aims to address a major hurdle that has deterred foreign investors from buying...
by Nehad Kenanie | Feb 24, 2017 | Australia, Investment, Regulatory & Government, Uncategorised
(24 February 2017 – Australia) The Queensland Treasury Corporation (QTC) has commissioned Bank of America Merrill Lynch, ANZ and National Australia Bank to execute its first ever green bond issuance.Treasurer and Minister for Trade and Investment, Curtis Pitt,...
by Nehad Kenanie | Feb 23, 2017 | Financial Results, Global, Uncategorised
(23 February 2017 – United Kingdom) HSBC has reported an 82 percent drop in annual net profits, blaming one-off items including multibillion-dollar writedowns in Switzerland and Brazil.The bank said that falling global trade and slowing growth in its main...
by Nehad Kenanie | Feb 23, 2017 | Australia, Internet Banking, Investment, Lending, Uncategorised
(23 February 2017 – Australia) Online fintech lender, Prospa has raised A$25 million of new equity to support growth it has revealed.The capital raising was led by venture capitalist firm AirTree Ventures, and values the company at A$235 million. The deal is the...
by Nehad Kenanie | Feb 22, 2017 | Asia, Financial Results, Hong Kong, Uncategorised
(22 February 2017 – Hong Kong) Hong Kong-based Hang Seng Bank reported financial results in line with market expectations.In 2016, net profit fell 41 percent to HK$16.21 billion (A$2.7 billion). The decline would be more moderate, at four percent, if discounting...
by Nehad Kenanie | Feb 22, 2017 | India, Payments, Technology, Uncategorised
(22 February 2017 – India) Indian consumers are now able to make QR code-based mobile payments using BharatQR, a “low cost, interoperable mobile acceptance solution” backed by the Indian government and developed by Mastercard, Visa and National...
by Nehad Kenanie | Feb 22, 2017 | Asia, Australia, Executive Changes, Uncategorised
(22 February 2017 – Australia) HSBC has appointed a new chief of its Australian operations. The bank said Martin Tricaud will replace Tony Cripps, from 3 April 2017.The announcement comes just three months after the bank’s board signed off on Cripps’...
by Nehad Kenanie | Feb 21, 2017 | Asia, Business Development & Expansion, Investment, Payments, South Korea, Uncategorised
(21 February 2017 – Asia) Alibaba’s finance arm, Ant Financial has revealed yet another deal. The firm will invest US$200 million (A$260 billion) into a fintech project belonging to Kakao, Korea’s dominant messaging service. As...
