Retail Banking
Australia's Westpac hit with up to $328t fine for money laundering
The bank is accused of enabling payments from child sex offenders.
Australia's Westpac hit with up to $328t fine for money laundering
The bank is accused of enabling payments from child sex offenders.
Why Korean banks will remain steady despite subdued Q3 profits
They stand to benefit from expansions and from the low-rate policy environment.
Indian lender Yes Bank's bad loans swells by $457m
This is more than double the $174.86m the bank disclosed as of 30 September.
Singapore banks could grapple with falling interest margins in 2020
An easing monetary policy and slow loan growth are dragging on NIMs.
Vietnam's central bank cuts ceiling on deposit rates
1-month and 6-month term interest rate ceilings were eased to 0.8% and 5%, respectively.
Mergers of China's small banks won't buoy reforms in the sector: report
Local governments may be resistant to give up control of their assets in regional banks.
How UnionBank is future-proofing its workforce against digital disruptions
In anticipation of the future of work, it launched UnionBank University about a decade ago to stay ahead.
UBS Singapore fined $11.2m for deceptive practices by advisors
They did not inform the clients of higher spread or improved interbank price of bonds.
OCBC to enable PayNow fund transfers by January 2020
This will make Singapore the second country to launch new version of Google Pay.
Singapore's big three banks averaged total return of 12% YTD
DBS, OCBC and UOB have averaged an 8% YTD growth in net profit to a combined $11.85b.
China's ailing small lenders stay afloat through local government bailouts
In at least one deal, non-performing loans were sold at above-market rates.
DBS Group profits up 15% $1.63b in Q3
This was due to higher net interest income, loan growth, and fee income.
OCBC, DBS vying for Indonesia's Bank Permata
Bank Permata’s owners are seeking a valuation 1.6x of its book value.
DBS Hong Kong launches fully virtual wealth management account
Customers can now set-up a multi-currency savings and wealth management account through their smartphones.
Australian banks' earnings to remain under pressure in FY2020
No thanks to growing customer remediation costs.
Chart of the Week: China to dominate Asia's retail lending market
The domestic market will grow at a CAGR of 13.7% from 2019-2023.
Malaysian banks still struggle with sluggish loan growth
Loans grew by just 3.8% in September amidst persistent weakness in business loans.
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