Retail Banking
Bank of Singapore hires Celine Le Cotonnec as chief data officer
She will spearhead the bank’s data strategy and innovation efforts.
Bank of Singapore hires Celine Le Cotonnec as chief data officer
She will spearhead the bank’s data strategy and innovation efforts.
Taiwan banks will manage the impact of COVID-19 oubtreak: Fitch
But they will experience stress from SME and personal loans.
DBS Group's profits up 14% to $4.61b in 2019
A 17% growth in fee income boosted income in Q4.
Hong Kong banks' earnings to remain weak as coronavirus cripple operations
Around 20-30% of bank branches will likely temporarily close or shorten operating hours.
DBS expects net profit of $1.4b for Q4 2019
Quarterly earnings report will be out by 13 February.
Macau banks have sufficient buffers to weather near-term nCov risks
Outlook hangs on parent banks’ abilities to provide support.
Indonesian banks' cost pressures to persist in 2020
They will likely shift to higher cost funding in anticipation of loan demand growth.
Singapore banks modest for Q4 2019 due to slow loan growth, weak NIMs
But high FY2019 momentum should present higher dividends.
HSBC to slash senior managerial roles, presence in smaller markets
It is part of a strategic plan by interim CEO Noel Quinn to boost the bank’s profitability.
Thai banks' loan growths, asset quality may dwindle due to coronavirus
Profit levels, strong capital, and good coverage ratios may soften short-term impacts.
Credit Suisse calls off Hong Kong meet over coronavirus outbreak
The event was originally scheduled on 25-27 March.
Digital bank Xinja swipes more than $50m in deposits from Australia's big four banks
It hit $100m in deposits three weeks after its digital savings account launched.
Japan's MUFG hit with first loss in 10 years
It recorded a $236m loss in Q3 due to its core unit’s one-off charge.
Weekly Global News Wrap: Turnarounds plunge Deutsche Bank to $6b loss; Goldman Sachs plans to offer loans on Amazon
And Morgan Stanley pledges $20m for children’s mental health programs.
Chart of the Week: Malaysia's loan growth halved to 3.9% in 2019
Both household and non-household loan growth slowed.
Hong Kong banks' profits threatened as nCov drags on credit demand, interest margins
Average credit losses are estimated to be 25bp-30bp.
UnionBank inks student programme with Singapore Management University
SMU students will help participate in banking and fintech projects of Union Bank.
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