Retail Banking
Credit costs to weigh on Singapore banks in 2020
Combined with shrinking NIMs, this will burden bank earnings.
Credit costs to weigh on Singapore banks in 2020
Combined with shrinking NIMs, this will burden bank earnings.
Grab and Singtel team up for digital bank license bid
Grab and Singtel will hold a 60% and 40% stake in the consortium, respectively.
V3 Group and EZ-Link-led consortium join Singapore's digital banking race
BEYOND consortium has launched a bid for a digital full bank license with a focus on SMEs.
CIMB Singapore welcomes new CEO
Victor Lee Meng Teck has 25 years of experience in retail, commercial, and corporate banking.
ASEAN banks lack progress in green finance
Only 62% of banks have assigned sustainability strategy to senior management.
Bank of Japan retains policy rate
It maintained its short-term interest rate at -0.1% and the 10-year government yields at 0%.
Thailand's central bank maintains policy rate at 1.25%
It will likely remain on hold in 2020, although a 25bp cut remains probable.
Chinese banks' asset performance deteriorates
Asset and loan growth slipped to 8.9% and 12.8% YoY in September, respectively.
Chart of the Week: Wealth and retail drive 60% of Singapore banks' fee income
DBS and OCBC’s private wealth AUM grew 15% CAGR in the past 6 years.
Weekly Global News Wrap: Saudi's biggest bank scraps $200b lender; Goldman Sachs to support green projects
And the PNC-Venmo fight highlights issue over who owns customers’ banking data.
Weak regulations heighten risks for Cambodian banks
The banking system is just one point shy of being amongst the highest-risk systems worldwide.
Economic risks of Indonesian banks decline as per capita income rises
Robust profitability and high capital retention keeps the sector well-capitalised.
Deutsche Bank appoints new Japan head of global transaction banking
Rei Motoyama will replace Peter Massion effective 1 January.
Indian asset risks rise amidst NBFC funding stresses
The economy has grown dependent on non-bank lenders.
Chinese financial firms' asset quality under duress amidst sluggish credit growth
Credit pressure variations affect small banks, distressed asset management and leasing firms.
Jardine Cycle & Carriage to sell shares in Bank Permata for $1.53b
Proceeds will be used for investment purposes.
Singapore banks to record flat EPS growth in 2020
Any revenue expansion will be offset by increases in credit costs.
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