Retail Banking
Huge returns boost foreign banks' investment in India
Foreign annualised ROEs grew 9.9% in the six months until end-September.
Huge returns boost foreign banks' investment in India
Foreign annualised ROEs grew 9.9% in the six months until end-September.
MUFG-Morgan Stanley joint securities arm axes equities staff
Two managers and few research analysts were let go as a cost-cutting move.
Hong Leong Bank exceeds forecast with $330m net profit in H1 2020
Provisions declined with Q2 2020 net credit cost at 5bp.
Singapore banks face slower loan growth in H1 2020
The big three banks’ are expecting lower loan growth for FY20F on the back of the outbreak.
StanChart's earnings recovery to be delayed by COVID-19: S&P
The group’s target 10% RoTE will likely be delayed beyond 2021.
Krung Thai Bank faces headwinds over sluggish loan demand
Net loan growth rose 0.9% in January versus a 1.6% increase in December.
Virtual banking: ‘Unbanked' citizens a catalyst for economic reform in Indonesia
Approximately 2.5 billion people globally lack access to financial services and are forced to rely on inconvenient and often risky means to manage...
J.P. Morgan names Filippo Gori as APAC chief
He will replace Nicolas Aguzin.
Philippine central bank bolsters small lenders' capital
Small banks should allot a minimum 6% CET1 ratio and 7.5% Tier 1 ratio.
Indonesia mulls BRI merger with two state-owned finance firms
The bank will be integrated with a pawnshop chain and a micro-business money firm.
Weekly Global News Wrap: CEO changes bring in new age of European banking; Wells Fargo pays $3b settlement for fraudulent sales
And JPMorgan confident that it could withstand economic stresses.
HSBC targets overseas-minded customers with $1.4t wealth unit
They plan to focus on mortgages, wealth and insurance products, and unsecured lending.
COVID-19 outbreak may double Chinese banks' questionable loans
The loosening of regulations is a setback on China’s reformation efforts.
UOB's net profits up 8% to $3.08b in FY2019
A final dividend of $0.39 (S$0.55) and a special dividend of $0.14 (S$0.2) was as recommended.
UOB to launch digital bank in Indonesia
TMRW is on track to be marginal profit positive in five years.
DBS to give abridged Q1, Q3 financial disclosures
These updates will supplement the half-year and full-year reports.
OCBC's net profits up 34% to S$1.24b in Q4 2019
Core net profit leapt 10% to S$4.9b in FY 2019.