Retail Banking
Xiaomi and AMTD-backed neobank Airstar starts pilot service
It will on-board 2,000 customers from acquaintances and families of staff.
Xiaomi and AMTD-backed neobank Airstar starts pilot service
It will on-board 2,000 customers from acquaintances and families of staff.
Sri Lanka's banks face dampened outlook for 2020
Announced regulatory policies aren’t enough to shield the sector from the pandemic’s punches.
New Zealand banks will still be profitable despite lockdown: S&P
The earlier announced fiscal measures should provide ample support to banks.
ICBC resilient against pandemic drawbacks: analysis
But it may have a hard time sustaining its 2019 net profit growth.
Hong Kong's first virtual bank starts operations
The firm is offering a savings rate of 1% for deposits up to $500,000.
Australian banks feel the pinch despite stimulus package
Not enough cushion for impairment charges and bad debts.
Singapore monetary board asks financial firms to ensure COVID-19 distancing measures
Online platforms and employee distancing should be implemented.
NZ banks have ample buffers against pandemic storm: analyst
They come from a strong asset-quality position and have sound capitalisation.
Fintech startup MatchMove applies for digital bank license
It partnered with lender Singapura Finance and other fintechs for its bid.
HSBC names Noel Quinn as CEO
He had been serving as interim chief since August 2019.
Weekly Global News Wrap: Major US banks suspend stock buybacks; European banks close branches amidst pandemic
And a Mexico central bank staffer tests positive for COVID-19.
OCBC's growth dampened as US Fed cuts rate
NIM forecast has been slashed to 1.68% as NPL ratio could rise to 1.9%.
Singapore banks on downward spiral after US Fed cuts rate to nil
Loan yields are sighted to decline due to the lower benchmark rate.
Siam Commercial Bank face dampened 2020 growth prospects: analyst
NPL ratio will likely rise to 3.7% this year.
Hang Seng Bank to reopen nine branches
Three in Hong Kong Island, three in Kowloon, and three in New Territories.
COVID-19 could drive DBS and OCBC's dividends to go over 6%
But net profit forecasts had been cut by 5.8% and 3.7%, respectively.
Citigroup names Loretta Ko as Hong Kong financial institutions head
She was formerly with Banco Santander where she held the same position.
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