Hong Kong
Citi appoints Rajat Madhok as APAC head of Citi Commercial Bank
Citi appoints Rajat Madhok as APAC head of Citi Commercial Bank
Rajat formerly headed the APAC mid corporates team at CCB.
Bank of East Asia profits crashed 30.4% to $6.5b in 2018
Weak investment activity hit its retail and private banking arm.
Goldman Sachs Group CEO for APAC Ken Hitchner retires
He stayed with the firm for almost three decades.
Struggling Chinese firms to lift Hong Kong banks' classified loan ratio to 0.75% by 2019
The number of defaults quadrupled to hit a record $17.68b in 2018.
Online banking scams in Hong Kong rose threefold in 2018
There were 62 cases of phishing last year.
Hong Kong mortgage loans down 20.7% to $23.5b in December
Weakening property demand weighed on loan growth.
Hong Kong banker bonuses drop by a fifth as stock markets fall
Some local brokers had to make do with a lai see.
7 in 10 Hong Kongers believe fintechs are as trustworthy as banks: survey
However, 22% admit that the former are less trustworthy than old-guard lenders.
Hong Kong banks' pre-tax profit up 19.4% in 2018
NIM rose to 1.62% from 1.45% in 2017.
Weekly Global News Wrap Up: US banks beef up aid amidst shutdown; Wealth managers struggle as UBS flags lower revenue
And the Fed is probing Deutsche's relation to the Danske scandal.
Half of Hong Kong bank users willing to give third-party data access in open banking boost
They are more open to the tech than Australia and UK users.
Hong Kong banks' 2019 loan growth cut to 2% as trade and mortgage loans take hit
Lending to Mainland firms has been trending downwards to 6.1% in September 2018.
Hong Kong banks loan growth rebounds 5.2% in November
Business sentiment recovered mildly as corporates ramped up borrowing.
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.
Chart of the Week: Australia and Hong Kong banks hit by negative property sentiment
The decline in property prices may drive loan impairments up.
Hong Kong cuts down a third of virtual banking applicants
They failed to submit sufficient information on authorisation criteria.
Hong Kong's open banking movement lures interest beyond retail
SMEs and corporates also acknowledge the merits of the pivot.
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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?