Branch Banking

Chinese joint stock banks turn sour, economic outlook grim

All five banks saw single-digit contractions in operating income.

Chinese joint stock banks turn sour, economic outlook grim

All five banks saw single-digit contractions in operating income.

Hang Seng Bank opens two new cross-boundary wealth management centres

One is in Shenzhen and the other is in Tsim Sha Tsui.

Hiring freeze felt as HK banks focus on talent development

Many senior roles in banking get cut, but relationship managers, private bankers, and tech roles remain sought after.

MUFG halfway to its 2030 sustainable finance target

The bank has funded JPY19.4t as of 2022, over halfway to its JPY35t target by 2030.

Bank of Singapore appoints Ranjit Khanna as Middle East global market head and Dubai branch chief

The appointment is effective 3 April 2023 and subject to regulatory approval.

OCBC opens Wuhan branch

OCBC Wing Hang Bank (China) now has 19 branches across 14 cities.

Citi entices Hong Kong’s ultra-wealthy with first-ever Global Wealth Centre

The 10,000-square-foot space is staffed by senior bankers and specialists.

Why the universal banking model is no longer sustainable

Changing customer attitudes and lowered barriers to entry has transformed how banks’ fortunes are made.

HSBC to close 114 branches in the UK

Some of the closing branches serve less than 250 customers a week.

StanChart unveils first-of-its-kind affluent deposit account in Singapore

The new product is only available to its Priority Banking segment.

South Korea financial firms shutters 1,000 offline offices in one year

Banks closed 380 offline offices between March 2021 to March 2022, according to the FSS.

DBS Hong Kong shows off greener branch outfits

The bank is making a statement about the future not through a new product, but with its uniforms.

Deutsche Bank opens first Bangladesh office

It is their 15th market to be active in.

Retail bank sales fall as digital struggles to fill branch banking hole

Digital sales rose to a new record, but could not offset fall in branch sales.

MUFG Bank launches branch in India’s GIFT City

The bank now has six branches throughout India.

Dah Sing Bank temporarily shutters Shek Tong Tsui branch

Customers are advised to use mobile or internet banking services.