Financial services

Malaysian youth rack up $1.7 billion in Buy Now, Pay Later purchases

As of June 30, the outstanding BNPL financing balance among young consumers reached RM2.4 billion, with RM96.8 million, or 4%, currently unpaid.

MariBank courts younger customers with child accounts and global stock trading

The idea for the child account was mooted by senior management and supported by findings from an internal survey, said MariBank’s head of consumer business Huo Haiyan.

HSBC moves to Wall Street bonus model, cuts fixed-pay deals

The London-headquartered bank will switch to the new pay system at the start of 2028, according to a memo seen by Bloomberg News.

In Good Company

Pearlyn Phau is in the market for a suitable match for Singlife

Singlife Group CEO Pearlyn Phau says the company needs scale to grow further, so it is open to mergers or buyouts.

UK announces new round of Russia sanctions targeting financial services, 'shadow fleet'

Plastic letters arranged to read \"Sanctions\" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration

Revolut to open new Singapore office, will invest $350m and grow headcount here to 300

Revolut Singapore CEO Raymond Ng said the new office launch is a milestone for the business here.

South Korea’s Lee Jae Myung says AI appears to have been used in bank hacks

South Korean President Lee Jae Myung has called for the country to develop cybersecurity methods suited to the AI era.

EU questions Binance over continued operations despite wind-down order: Report

Binance lost permission to offer services to European Union clients after its application under a new licence regime was rejected earlier in 2026.

MAS proposes tighter board rules for Singapore banks, insurers

The proposed updates build on revisions made in November 2021 to MAS’ guidelines on corporate governance for banks and insurers, as well as their designated financial holding companies.

At least 10 ANZ senior bankers in Hong Kong, Singapore and Australia to exit in revamp

An ANZ branch in Sydney. Its first-half profit surpassed analysts’ estimate on signs of improvement with the bank’s overhaul.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.