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.
PSBank's Jose Martin Velasquez to discuss the efficiency of digital transformation at the 2018 Retail Banking Forum in Manila
He will also talk about how banks can grow from shifting their strategy to retail banking.
Singapore banks' profits soar by 27% in Q4
DBS, OCBC, and UOB made a whopping $11.9b in 2017.
UOB Group's net earnings climbs 9% to $2.5b
Total income rose 10% to $6.7b.
OCBC's 2017 net profit rises 19% to $3.1b
Total income hikes 14% from last year to $7.2b.
Chart of the Week: Check out how China's shadow banking items shrank in 2018
There was a 17% YoY reduction of total social financing.
Weekly Global News Wrap Up: Australian banks risk misconduct exposure; Deutsche Bank to cut more jobs
And UBS hikes Asia investment banking bonus pool.
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.
Hang Seng Bank unveils 1-year fixed-rate mortgage plan
It offers a rate of 1.68% per annum.
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%.
Agricultural Bank of China to achieve 8% loan growth in 2018
It also expects $138b of new loans.
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.
Malaysian banks to shift focus on investing in digitalisation
66% of banks eye digital maturity by 2020.
Foreign Indian banks are more transparent than local peers
Their transparency compliance came close to perfect at 99% in 2017.