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Weekly Global News Wrap Up: US banks brace for deal frenzy as 2017 M&As doubled to $196.5b; JP Morgan targets mid-sized firms in European pivot
And UAE and Saudi Arabia have deployed digitla currency for settlements.
Weekly Global News Wrap Up: US banks brace for deal frenzy as 2017 M&As doubled to $196.5b; JP Morgan targets mid-sized firms in European pivot
And UAE and Saudi Arabia have deployed digitla currency for settlements.
India's ATM industry struggles with steep compliance costs
Half of the infrastructure may close down by March 2019.
Chinese regulator refuses to let up on banking crackdown with $22m fine
This represents one of the largest penalties in 2018.
Singapore banks embark on hiring spree in fight against dirty money
As a result, IT security professionals can command up to 30% in pay hikes.
HSBC installs ‘dementia' specialist staff in Hong Kong
They will assist the elderly with their finances.
APAC banks brace for slowdown as GDP growth peaks
Loan growth will slide across the region.
Emerging Asian banks may outpace developed peers in credit gains
The Philippine and Thai infrastructure campaigns will fuel borrowing.
CIMB Group profits rose 4.1% to $283.8m in Q3
Non-interest income surged 19.9%.
Global wealth managers double down to capture Asia's tech-savvy crazy rich millennials
Innovative fintechs are filling in gaps in order to meet the complex digital demands of this booming client base.
Weekly Global News Wrap Up: Brexit may slash London bank assets by $909b; Swedish banks mull Stibor alternative
And EU is moving to enhance its money laundering defense.
Chart of the Week: Mortgage slowdown to hit Australian bank loans in 2019
Housing loans constitute over 60% of their overall banking credit.
Maybank profits down 3.5% to $471.31m in Q3
It was hit by the profit decline in the insurance division over higher contract liabilities.
Hong Leong Bank profits dip 0.6% to $154.75m in Q1
Net interest income declined 5.7%.
Hong Kong banks make do with falling loan growth as earnings lifeline
Gains from Chinese business will remain limited.
Standard Chartered moves to cut Dubai and Singapore jobs
Employees in the priority banking business will be affected.
RHB Bank profit up 18.4% to $138.84m in Q3
Net interest income rose 5%.
Chinese banks' wealth management units greenlit to buy shares
It aims to boost market confidence amidst a cooling economy.
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