Hong Kong
Economic downturns threaten HSBC profits, restructuring: analysis
Economic downturns threaten HSBC profits, restructuring: analysis
Low confidence levels could reduce demand for credit and lending and revenue growth.
Hang Seng Bank names Yeo Chee Leong as new chief risk officer
He previously served as head of wholesale credit and market risk for two years.
Hong Kong virtual banks to make up 2-3% of total deposits by 2020: report
They are expected to attract “tens and thousands of customers" each.
Citibank rolls out one-stop mobile account app
Applications can be completed in a minimum of 10 minutes.
DBS Hong Kong launches fully virtual wealth management account
Customers can now set-up a multi-currency savings and wealth management account through their smartphones.
Bank of East Asia forges digital banking partnership with five firms
Customers can apply for loans and purchase products online in these platforms.
Hong Kong bank profits may take hit amidst protests: report
Asset quality will also weaken, according to analysts.
Hong Kong cuts banks' capital buffer as protests persist
This releases an additional $25.5b into the economy.
Approved mortgage loans in Hong Kong dipped 2.8% in August
The number of mortgage applications also fell by 26.5%.
Incumbent lenders rethink business models in race against virtual banks
ZhongAn International, the company behind one of the city's virtual banks, weighs in on the opportunities and challenges ahead.
Hong Kong bank loans up 3.6% in July
The subuded pace of growth is expected to be maintained for the rest of the year.
Citi API connectivity platform hits over 150 million API calls
The bank has also moved over $26b for clients using a set of over 50 unique APIs.
Asian banks race against time to shake up payments scene
The rise of virtual banks is intensifying competition in an already crowded arena.
Virtual banks threaten to take a bite out of Hong Kong's small players
Banks can expect fiercer competition on the lending and deposit fronts.
SWIFT banks on gpi and blockchain in APAC expansion as it trials DLT in Singapore
SWIFT gpi is carrying over $300b a day in 145 currencies across more than 1,200 country corridors.
Virtual bank data scientists are driving hiring in Hong Kong
Employers are seeking data scientists and full stack developers for mobile and web applications that go beyond the traditional set of tech skills.
Hong Kong banks' loan growth up 1.1% in June
Loans for mortgages, building, and construction drove quarterly gains.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
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Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?