Retail Banking

HSBC kickstarts RMB remittance from Hong Kong to China

This is after China eases cross-border RMB transaction policy for individuals.

HSBC kickstarts RMB remittance from Hong Kong to China

This is after China eases cross-border RMB transaction policy for individuals.

Singapore banks' profits soar by 27% in Q4

DBS, OCBC, and UOB made a whopping $11.9b in 2017.

OCBC's 2017 net profit rises 19% to $3.1b

Total income hikes 14% from last year to $7.2b.

DBS expects loans to grow 7% in 2018

Higher interest rates are seen to kick net interest margin up.

DBS acquires ANZ's wealth management and retail banking business

Migration is completed in Singapore, Hong Kong, Mainland China, Taiwan, and Indonesia.

Deleveraging helps moderate China banks' growth

Loan growth may moderate by 1-2 ppt in 2018.

Big Hong Kong banks lock mortgage rates amidst Fed hike worries

HSBC and BOC locked their rates at 1.68% which is lower than the industry standard of 2.15%.

India discovers $3.6b of banks' hidden bad loans: Bloomberg

This amplifies concerns about underreporting and distress in the financial sector.

Bank Mandiri's 4Q17 profits up 211% YoY to $411m

This is on the back of lower provisions and solid non-interest revenue.

Foreign Indian banks are more transparent than local peers

Their transparency compliance came close to perfect at 99% in 2017.