Retail Banking
CIMB Group names new group CEO
CIMB Group Holdings Berhad has appointed Abdul Rahman Ahmad as new group CEO/executive director for CIMB and CEO/executive director for CIMB Bank...
CIMB Group names new group CEO
CIMB Group Holdings Berhad has appointed Abdul Rahman Ahmad as new group CEO/executive director for CIMB and CEO/executive director for CIMB Bank...
Standard Chartered names new global wealth management head
Standard Chartered has appointed Marc van de Walle as its new global head of wealth management effective 6 July, according to a press note.
Asian equities lost up to $3.5t in investor wealth due to pandemic
Safeguarding wealth and low-risk assets will be investors’ focus.
Falling oil prices exacerbate asset risks in Asian banks
The downturn has exposed issues in governance and operating practices.
Standard Chartered Hong Kong appoints Lay Choo Ong as head of retail banking
Incumbent head Vicky Kong will take over as global head of wealth proposition.
The future of Asian banking in the digital age
In the last decade, Asia’s banking sector has not only led the world in global banking profit pools, assets and market capitalism but also in building...
HSBC sees significant growth in new APAC wealth arm
Double-digit growth is on the horizon over the next three years.
CIMB Singapore plays to its strengths, targets SMEs as industry turns digital
The bank is gearing up its tech and customer-employee experience as neobanks loom.
Chinese banks' volatile results posit hazy future for 2020
City commercial lenders’ profits followed a “V” curve from 2017-2019.
Japan's MUFG to shutter 40% of local branches by 2023
It also expects 6,000 job losses by that year.
DBS to hire over 2,000 people in Singapore amidst economic slump
More than half will be apprentices and specialised roles.
Asian bankers face ‘new normal' as they return to offices
Despite the measures, some have expressed relief at physically seeing their colleagues again.
MUFG Bank, co-firms to establish $93.5m healthcare fund
The fund is for companies engaged in R&D and manufacture of therapeutic drugs and vaccines.
Australian banks' cash earnings drop 42.6% YoY to $5.4b
Sector braces for more uncertainty as banks cancel or defer dividend payouts.
OCBC's credit costs to recede after Q1 ‘front-load'
The bank expects to record 100-130bp in cumulative credit costs.
The Digital Way Forward for Banking in Singapore
The internet economy for ASEAN is expected to grow to US$300 billion in 2025 with e-Commerce becoming its biggest sector as published in the Google...
Philippine banks' credit losses to rise threefold in 2020
Credit costs in select banks have already increased by up to 4.9%.
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