Retail Banking
Embattled ANZ faces criminal cartel charges
The bank is grappling with a $2.3b share issue alongside underwriters Deutsche and Citigroup.
Embattled ANZ faces criminal cartel charges
The bank is grappling with a $2.3b share issue alongside underwriters Deutsche and Citigroup.
Thai bank loans up 4.7% in Q1 as SME lending strengthens
The monthly growth was led by lending to the food and energy sectors.
Myanmar to grant license to 4 private banks
The move is the latest in the government’s push to liberalise the financial sector.
CIMB debuts one-minute car financing approval feature
A notification via text and email is delivered to the customer upon approval.
New accounting standards pose risks to Singapore banks' profitability
Lenders face higher credit reserve requirement under the FRS109.
UOB rolls out monthly ‘digital clinics' to help businesses digitise
Tech experts will provide companies with tailored digital strategies to improve productivity.
Indian banks forced to a halt as employees go on strike
Employees slammed what they called “meagre” 2% pay hike.
New Zealand regulator sees no need for Australia-style banking inquiry
Even though the country’s four biggest banks are units of Australian lenders.
Singapore bank lending up 0.8% in April
Consumer and corporate loans edged up slightly.
Transact with BOCHK ATMs using finger authentication
Bank of China (Hong Kong) Limited’s finger vein authentication offers an answer to the rising security threats looming over Asian retail banking.
CIMB Group profit up 11% to $328.38m in Q1
Lower opex and provisions buoyed quarterly earnings.
China regulator carries out inspections to sniff out shadow banking activity
Some trust companies halted their channel business amidst intensified scrutiny.
Weekly Global News Wrap Up: US loan demand dips as SMEs turn to personal funds; Swiss lender BCP halts all business with Iran
And Bank of Nova Scotia’s Q2 earnings smashed analyst expectations.
Australian watchdog seeks staff integration into misbehaving banks to intensify oversight
The Australian Securities and Investments Commission is seeking funding for this purpose.
Lower expenses push Maybank profits up 10% to $477.39m in Q1
A surge in fee-based income outpaced growth in overhead expenses.
Strong SME lending buoys Taiwanese banks' growth prospects
Loans to the SME segment accounted for almost a third of total system loans.
China's banks are sidestepping the shadow banking crackdown
Issuance of structured deposits surged almost 47% to $1.4t in the year through March.
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