Retail Banking
Philippine banks scramble after Korean shipbuilder default
The country’s five biggest banks have a $412m loan exposure.
Philippine banks scramble after Korean shipbuilder default
The country’s five biggest banks have a $412m loan exposure.
Malaysian banks hike salaries by up to 12% for 20,000 employees
Banks also have to grant 0% interest for the first $24,414 in staff housing loan.
UOB renews bancassurance deal with Prudential for 15 years
The bank will continue to the latter's products in five Asian markets.
Weekly Global News Wrap Up: Slow start to fintech revolution as only 4 new UK banking licenses issued in 2018; Deutsche cuts bonus pool by about 10%
And an estimated $1t in UK bank assets left Britain following Brexit.
Looming loan slowdown threatens Malaysian banks' 2019 earnings
Lending is tipped to moderate to 5.1% in 2019 from 5.6% in 2018.
Chart of the Week: Singapore bank revenues may rise 9% in 2019
Loans and balance sheet leverage will be the growth drivers.
OCBC rolls out free online will writing service
Singapore residents and citizens aged 21 and above can prepare their own wills within 10 minutes.
India's Bandhan Bank gears for $11.7b merger
The deal will create one of India’s largest rural and semi-urban lending platforms.
Singapore banks' earnings turnaround hit by steep funding costs
NIMs have inched up by 2-12 bp since 2015 even as the 3M SIBOR soared 58bp.
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Weekly Global News Wrap Up: Can global bank stocks bounce back in 2019?; Saxo Bank to buy Dutch online lender for $480m
And here's how Brexit is affecting Credit Suisse's wealth management strategy.
Chart of the Week: New Zealand proposes ambitious $9b bank capital buffers
The central bank is putting forward a prudential capital buffer of 9-10%.
China's fintech ecosystem is scaling faster than the US and Europe
Outside of China, fintechs are only able to disrupt one vertical unlike Alipay or WeChat Pay.
More than half of Hong Kong banking professionals willing to work in GBA cities
Those employed in senior management positions are the most willing to transfer.
Philippine banks' bad loan ratio to hold steady at 3.5% in 2019
Strong capital buffers can help weather volatile currency risks.
Australia's big banks profited $792m by subverting mortgage cap: regulator
The banks were accused of accomodative pricing behaviour.
Dementia sufferers catch Japanese banks off guard
Japanese residents with dementia will hold $2t in financial assets by 2030.