Branch Banking
Retail bank sales fall as digital struggles to fill branch banking hole
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.
Philippine banks takes back pre-pandemic profitability in mid-2022: analyst
NPL in the country’s banking sector has peaked and will continue to decline.
Dah Sing Bank temporarily shuts down Shek Tong Tsui branch
The branch will undergo cleaning and disinfection.
Australian regulator revokes Citigroup’s banking license
This follows after CPL’s consumer banking business was acquired by NAB.
Taiwan banks ordered to take measures to safeguard elderly customers
Regulator urges banks to treat elderly customers fairly and reasonably.
Standard Chartered opens US$40m Greater Bay Area Centre in Guangzhou
More than 700 employees are now based in the GBA Centre.
OCBC NISP transforms its branch into a financial fitness gym
This is the bank’s way to instill the “FinanciallyFit first, CrazyRich later” mindset to the younger generation.
Taiwan’s bad loans shrank by $2.03b in January
NPL ratio for 39 domestic banks is now at 0.16%.
Citi to hire 200 bankers in next three years
Majority of the hires will be from China, Hong Kong, India, and Singapore.
BEA closes 2021 with 45.8% surge in attributable profits
The bank got a boost from a significant reduction in impairment losses.
Dah Sing Bank announces more temporary closure of branches
The bank recently closed its Causeway Bay branch.
OCBC closes 2021 with 35% surge on profits
Proposed final dividend was increased to 28 cents per share.
HSBC appoints former JP Morgan exec as new COO
The new COO has experience in AI and analytics for business operations
Dah Sing Bank shuts down 10 branches amidst rising COVID-19 cases
Customers are urged to visit other open branches or use alternative channels.
Weekly Global News Wrap: US banks closed 2,000+ branches in 2021; Morgan Stanley CEO pay raised to $35m
And Citi, BNP Paribas eye 7 February return-to-office date.
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