Retail Banking
Malaysian banks flex digital muscle to catch up with Asian peers
Employee upskilling is also a priority to ensure that workers can keep up with digital developments.
Japanese megabanks still reeling from lower net income
Sumitomo Mitsui projects a net income decrease of 4% to $6.39b in 2019. Bloomberg reported that Japanese megabanks are bracing for another tough year...
UOB to reduce reliance on Singapore
Nearly half or 40% of total group operating profit already comes outside Singapore.
Weekly Global News Wrap Up: HSBC, Citi, JPMorgan amongst those facing EU fines over forex rigging: report; UniCredit gears up for Commerzbank's bid
And Austrian Post is venturing into branch banking.
Philippine banks' profits surge 28% in Q1
Strong gains from trading and lending pushed up earnings.
Chinese banks stem lending in April as debt worries rise
Banks extended $150.16b in net new yuan loans.
Taiwan intensifies financial consultant oversight amidst theft reports
Fines for thefts committed by financial consultants since 2012 hit $2.78m.
Thailand banks' loan growth to slow to 4.5% by end-2019 as mortgages take hit
The LTV limit of 80% on home loans will cool demand for mortgages.
Maybank Singapore targets the elderly in new integrated banking package
They will have access to products such as endowment and retirement plans.
Hong Kong grants four more virtual banking licenses with Ant Financial and Tencent entering fray
A unit backed by Chinese insurer Ping An also scored a license.
Banks caught in Beijing's risky balancing act as second largest economy stutters
The People’s Bank of China has launched a Central Bank Bill Swap to help banks actively lend more. Two months after the world’s second-largest...
Thailand embraces facial recognition tech for e-KYC
FR is part of the broader shift towards the smart bank branch model.
Asset quality risks grow as Taiwanese banks grapple with China's slowdown
Delinquencies climbed in the overseas loans of cyclical sectors as well as loans to China and Southeast Asia.
Citi banks on unrivalled expertise to service Asia's mobile and international millionaires
Affluent clients in the region can unlock sophisticated and customised investment opportunities in the U.S.
UOB unveils online utility marketplace
Consumers can choose from a wide array of electricity, gas, water, broadband and TV service providers.
China cuts small banks' RRR to 8% in funding boost for credit-starved firms
The latest cut will unleash around $41.23b in long-term funding.
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