Retail Banking
Australia's wealth managers lower fees as robo-advisory takes flight
HNW clients are losing trust that the traditional way yields the best returns.
Australia's wealth managers lower fees as robo-advisory takes flight
HNW clients are losing trust that the traditional way yields the best returns.
OCBC, Amundi float dollar cost averaging fund in Singapore
It leverages the cost-averaging effect when it allocates assets to equity ETFs.
End of moratoriums to rain carnage on Singapore banks' H2 prospects: analyst
Loan moratoriums are set to expire in H2, putting asset and loan quality at risk.
Majority of Singaporeans now take professional financial advise: study
More than 80% said that they now prioritise seeking financial advice before a major decision.
OCBC's H1 net profit plunges 42% to S$1.43b
Q2 group net profit picked up 5% from Q1 but crashed 40% from a year earlier.
HSBC Singapore reopens revamped premier centre
This is part of efforts to upgrade premises in the country.
Kakao Bank's earnings skyrocket ninefold in Q2
The bank’s outstanding loans came at $14.9b as of end-June.
DBS' H1 net profit nosedives 26% to S$2.41b
The bank has cast aside S$1.26b to bolster its balance sheet.
Citi names new appointees in APAC retail banking arm
This includes a newly-created role for the bank's high net worth clients.
Soft labour market drags on Singapore banks' consumer loans: analyst
Bank loans shrank for the first time since September 2016.
Japan's biggest banks on track to meet profit goals: report
MUFG, SMFG, and Mizuho Financial Group’s net profits totaled $3.7b in Q1.
Sumitomo Mitsui's profit plunged 60.1% to $812.74m in April-June
The group’s earnings per share is at around 59 cents or ¥62.83.
MUFG records 50% plunge in Q1 net profit to $1.73b
The fall was blamed on rising credit-related costs.
HSBC to hire up to 3,000 wealth planners in China
The first 100 people have already started in Guangzhou and Shanghai.
HSBC's H1 profit plunges 69% to $3.1b
Rising expected credit losses and lower revenue contributed to the fall.
Credit Suisse's APAC business reports highest level of credit provisions
The lender is bracing for losses linked to Luckin Coffee.
MUFG names Rob Ward as project finance, ESG finance head for Oceania
MUFG Bank has appointed Rob Ward as its head of project finance and head of ESG finance, the latter being a newly-created role for the Oceania region...
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