Singapore
Singapore banks shun risky trading over stable fees and commissions
Singapore banks shun risky trading over stable fees and commissions
The share of trading and investment securities income shrunk to 36% in 2018 from 47% in 2009.
Weekly Global News Wrap Up: US consumer loan demand takes hit in Q4; Canada housing slump prompts calls for looser mortgage rules
And HSBC is said to be cutting over 50 investment banking jobs.
Chart of the Week: Singapore banks' dividend yields eclipse ASEAN peers at 5.1% in 2019
Such levels are higher than banks in Indonesia and the Philippines.
3 in 5 Singaporeans believe fintechs are as trustworthy as banks: survey
Around 13% even believe that fintechs deserve more trust than old-guard lenders.
Foreign players can now buy into Myanmar's domestic banks
They can hold up to 35% stake in local lenders.
Citi targets 25% revenue growth from Asian trade corridors in 2019
The bank has over 20 desks in the region.
Singapore bank loans grow 3% in December
Business lending grew to 4.1% even as loans to consumers softened.
APAC's asset and wealth managers to hit US$29.6t in AUM by 2025
Shanghai is set to rise as an AWM hub along with Singapore and Hong Kong.
APAC banks feel left behind by Western peers in AI: survey
Two in five believe that lack of available talent is holding them back.
Singapore banks rev up tech hiring to plug digital vacancies
A fifth of job postings are for employees with digital skills.
Singapore banks grapple with tepid margins in 2019
Net interest margins are set to rise by 3-5bp.
Asian Banking and Finance Wholesale Banking Awards 2019 opens for nominations
Entries are accepted until April 19.
Weekly Global News Wrap Up: Three-way UAE merger creates $114b banking giant; Standard Chartered slapped with $40m fine
And Kazakhstan is looking for a bank to take over its second largest lender.
Singapore banks' loan growth to grind to a halt at 0.5% by end-2019
Mortgage loans and business-related loans are caving under pressure.
Singapore mortgages slow sharply as sentiment sours
Home loan growth slowed to 1.9% in January-November 2018 from 4.2% in 2017.
DBS unveils loadable QR Ang Bao for Chinese New Year
They will be available from 25 January and can be used until 15 March.
Chart of the Week: Singapore mortgage loans to grow 3% in 2019
The cooling measures will temper borrowing activities.
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1. OCBC new investors triple as bank braces for 2026 gold, silver uptick 2. DBS pilots Visa Intelligent Commerce for agent-initiated payments 3. Standard Chartered launches ESG-linked cash account 4. How can Asia-Pacific fintechs survive this year’s funding slowdown? 5. Banks to pursue smaller and more strategic M&As in 2026: McKinseyResource Center
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