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Exclusive | Global Investment Summit: HSBC fills Credit Suisse's Hong Kong void by hosting 2,800-person conference

The HSBC Global Investment Summit will be the largest such conference in the city, filling the void left by Credit Suisse, which last held its flagship event in March 2023 before its eventual demise. ....

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Bragg committee to probe major bank 'debanking' of fintech start-ups


Bragg committee to probe major bank ‘debanking’ of fintech start-ups
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A Senate committee examining financial technology policy will investigate whether major banks are obstructing access to the real-time payments system, during the final leg of an inquiry that will also formulate a policy around digital assets.
Liberal senator Andrew Bragg said “debanking” is a “major concern” for fintech start-ups seeking access to the New Payments Platform, which the banks built under guidance from the Reserve Bank of Australia.
Andrew Bragg: “The policy issues which are driving instances of debanking are for Canberra to solve.” 
Dominic Lorrimer
As it relates to “access to payment infrastructure, we cannot have these entities being effectively shadow banned by financial institutions merely because they pose a competitive threat,” he said in a speech on Wednesday night. ....

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Macquarie Bank CEO to retire


Macquarie Bank names new CEO
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Macquarie has announced that it will welcome a new managing director and CEO following the retirement of Mary Reemst.
After 22 years with Macquarie, Mary Reemst has decided to retire from her role as managing director and CEO of Macquarie Bank Ltd (MBL), from the MBL board, from Macquarie Group Ltd (MGL) and MBL executive committees, effective 1 July 2021.
Ms Reemst, who has been on the executive committees for seven years, also serves as the chair of the Macquarie Group Foundation.
From 1 July 2021, and subject to regulatory approvals, Stuart Green will become managing director and CEO of MBL, and join the MBL board and MGL and MBL executive committees. ....

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Macquarie posts 9% quarterly mortgage growth

The non-major bank’s home loan portfolio rose 9 per cent between September and December 2020, closing the calendar year at $62.6 billion. ....

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