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Weekly Global News Wrap Up: $3m stolen in Tesco cyber theft; Wall Street's prospects for year-end bonuses improving
And Fed says banks tightened commercial property lending standards in Q3.
Weekly Global News Wrap Up: $3m stolen in Tesco cyber theft; Wall Street's prospects for year-end bonuses improving
And Fed says banks tightened commercial property lending standards in Q3.
Australia's four major banks warned of flailing operating profits in the next 12 months
Their combined pre-tax profit dropped to AUD41b for the first time in 8 years.
Citi launches partnership with Airbnb in Singapore
It will also be launched in Australia, Indonesia, Taiwan, Thailand and the Philippines.
Here's a rundown of Singapore banks' 3Q16 results
Better cost management offsets higher provisions due to deteriorating asset quality.
Bank of East Asia (China) appoints Cartier Lam Chi-man as executive director & chief executive
He succeeds Mr. Kwan Tat-cheong
OCBC turns to wealthy clients to cover compliance costs
The bank's compliance-related expenses are rising 35% annually.
Philippine banks' average capitalisation levels to fall slightly over the next 12-18 months: Moody's
But access to external capital markets will help maintain capitalisation profile.
Malaysian banks' foreign currency deposits contract 4.5% for the first time in September
Say goodbye to rapid double-digit increases seen since March 2014.
Bank of East Asia launches new Dual Tax Loan programme
The bank offers Tax Season Loans and Credit Card Tax Loans.
DBS Private Bank names Rob Ioannou head of international
He will report to DBS Private Bank's deputy head Lawrence Lua.
CIMB Group's asset quality deteriorates for three consecutive quarters
Gross NPL ratio rose to 4.21% end-Sep 2016 from 3.9% the previous quarter.
Philippine Central Bank could cut reserve requirement in 1Q17
A 1-ppt reduction could increase banks' earnings by ~1.5%.
India's bank resolution plans fraught with political obstacles: Fitch
It may be difficult to generate political support for the potential overhaul.
Weekly Global News Wrap Up: New York banks urged to do online lending; Credit Suisse to pay $110m to settle tax case
And Massachusetts bars Wells Fargo as underwriter.
How will India's draft bill on resolution affect banks?
Moody's says it will enhance systemic stability.
Thai banks' earnings to rebound to 15% in 2017: Credit Suisse
But loan demand is unlikely to accelerate.
Chart of the Week: Chinese banks' real estate loan exposure rose to 27.7% in 2015
Residential mortgages accounted for 21.6% of total loans.
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