Retail Banking
CIMB Singapore unveils pet insurance for dogs and cats
Policy plans start at S$74.90 per year.
CIMB Singapore unveils pet insurance for dogs and cats
Policy plans start at S$74.90 per year.
Singapore bans reps from HSBC and UOB over fraud
Their cases involved deception, sales of fake products, and forgery.
Will India see more smaller bank acquisitions?
The proposed merger between Lakshmi Vilas Bank and Indiabulls Housing Finance could be the catalyst to change the tide.
Global News Wrap Up: Turkish banks struggle under growing bad loans; Societe Generale eyes cutting 1,600 jobs
And Standard Chartered slapped with $1.1b fine for sanction violations.
OCBC CEO Samuel N. Tsien's salary up 10.42% to $7.90m in 2018
He enjoyed the second highest salary after DBS CEO.
Metrobank's 6.3% three-year bonds oversubscribed at $340m
Its initial target was at $190m.
UOB CEO Wee Ee Cheong's salary rose 12.58% to $7.80m in 2018
The bank’s full-year profits rose 18% thanks to loan, card, trade, and fund management fees.
DBS CEO Piyush Gupta's pay rose 15.5% to $8.63m in 2018
The bank’s earnings hit a record high of $3.96b, up 28%.
Will China soon cut banks' reserve ratio further?
Analysts weigh that an RRR cut is still needed considering liquidity conditions.
Japanese megabanks curb hiring amidst digitalisation drive
MUFG will cut new hires by 45% as it aims to halve the number of teller-operated branches.
Weekly Global News Wrap Up: Citi buys $6.4b mortgages from UK bad bank; Goldman Sachs slapped with $45m by UK watchdog
And Wells Fargo CEO Tim Sloan is stepping down.
Chart of the Week: Singapore banks' LDR slows to 104.6% as lending weakens
On the other hand, deposits grew at a near-two year high at 6.3%.
Hong Kong shapes up in heating virtual banking race
The first batch of licensees were granted to applicants with experience in running a deposit-taking and lending business.
Regional gains boost Singapore bank loans amidst weakening domestic demand
Regional loan growth of 0.3% outpaced domestic loan expansion of 0.2%.
Korean banks urged to break heavy reliance on interest income
Non-interest related earnings made up 12% of 2018 profits.
Indian banks successfully dent bad loans in 2018
The NPL ratio fell to 10.8% from 11.5% the previous year.
Singapore firms with overseas ties could fall into global regulatory loopholes: Dow Jones
Despite a world-leading compliance regime, firms risk another 1MDB scandal by failing to assess malpractices of external links.
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