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In a significant move for Thailand’s financial landscape, the Bank of Thailand (BOT) has approved three applicants to launch virtual banks. This recent development heralds a new era of banking innovation as the country shifts towards digitalization. Meet the…
The State Bank of Vietnam (SBV) is considering proposals from investors to restructure the Saigon Commercial Bank (SCB), a bank experiencing financial difficulties. After SCB faced a run in October 2022, the central bank put the private lender under special…
The Saigon Commercial Bank has held a meeting with investors who bought bonds from An Dong Investment Group, a company it endorsed but which has allegedly committed fraud. The meeting in Ho Chi Minh City Monday came on city authorities’ instructions. Many…
Siam Commercial Bank, one of Southeast Asia’s largest lenders, has prompted cuts from analysts on concerns of its loan book. After the bank reported its fourth-quarter results, nearly a third of the analysts who cover the Thai bank cut their recommendations…
The chief executive of SCB Julius Baer has left the role less than seven months into the appointment. Jiralawan Tangitvet, the CEO of SCB-Julius Baer, has resigned, according to a report in the Asian Private Banker. He was looking to make the newly-formed…
Siam Commercial Bank (SCB) and Liquid Group today announced a strategic partnership to enable cross-border QR payment acceptance in Singapore and Thailand. With the opening of the Singapore – Thailand corridor for QR payments, SCB will be acting as the…
The Siam Commercial Bank (SCB), the first commercial bank in Thailand, and Julius Baer, the leading Swiss wealth management group and one of the four largest private banks in Asia, announced on Thursday that their joint venture company, SCB Julius Baer, has…
The age of digital transformation is dawning on Thailand’s economy and society as evidenced by crucial developments in banking, retail and other sectors. The Bank of Thailand reported that commercial banks had shut down nearly 300 bank branches in the country…
Customers of Siam Commercial Bank (SCB) might have recently found out the hard way that the SCB Easy App is on the fritz and hasn’t been working as properly as it should’ve been. SCB has already suspended the service of the app yesterday, in order to be able…
Standard Chartered Bank (SCB) has planned to double its business size of retail banking in Bangladesh within next five years, a top executive of the bank said. “We’re working to double our retail banking business size in Bangladesh by 2020,” Sebastian Arcuri,…
