banks

Airwallex has raised $100 million via a Series C funding round led by DST Global, valuing it at over $1 billion. The start-up this year also expects to process $10 billion-plus in payments.

Chinese banks are expected to issue almost $21 billion in perpetual bonds this year. This will have a marked knock-on effect in the international capital markets.

Milestone action, including fines totalling $100 million, against UBS, StanChart, Morgan Stanley and Merrill Lynch, come as city battles to maintain its cachet as a listing destination.

The unexpected appointment of Benjamin Diokno as Philippines central bank governor has raised eyebrows as markets adopt a wait-and-see attitude over his doveish monetary approach.

Its fledgling insurance sector may only stretch to snake bite cover but Myanmar is set to open its doors to the big boys of global finance, and it could yet be the making of its bond market.

Deteriorating credit metrics in China’s financial sector expose the weaknesses of its domestic rating agencies.

Bank of China’s landmark onshore perpetual bond deal opens up a new fundraising avenue for the capital-strapped banking sector.

The funds raised via a private placement bolster Vietcombank’s capital ahead of Vietnam's application of Basel II in 2020. However, the state could continue to demand big dividends.

Grab wants to build a cashless economy across 10 Asean countries. Reuben Lai, the head of financial services at the ride-hailing firm, lays out his roadmap for FinanceAsia readers.