Singapore

Ten relationship and product managers will support Chinese clients’ FDI.

This is due to the change in calculating expected credit loss (ECL).

It is like launching speedboats from cruise ships.

And Turkey’s banks have reached their growth limit.

The loan offers funding of up to $200,000.

Rising interest rates and loan growth are key factors.

China has the greatest potential revenues estimated at US$63.4b.

Customers can now scan to pay 7-Eleven stores via QR codes.

The new service is exclusively for UOB’s commercial banking clients.

They will roll out the service in Asia, Africa, and Middle East in 2018.

Every 5bp decrease in credit cost can lift sector earnings by 3%.

And Wells Fargo’s consumer complaints dropped in 2017.

Productivity in all three banks has improved in 3Q17.

All three banks registered absolute growth in 9M17.

Some countries have already started negotiating to meet the deadline.

He will succeed Patrick Dewilde who will retire in March 2018 after 34 years of service. Stuart has been with Citi for more than 13 years and has extensive global experience in managing complex businesses. He has spent the last eight years as global head of commodities based in London, responsible for Citi’s activities in physical and financial commodity products serving the firm’s global client base. During this time, he helped to grow and develop the franchise into an industry leader. With the support and partnership of the Asia operating committee and the markets and securities services management team, Stuart will continue to build on Citi’s efforts to be the best partner to clients in the region. Stuart will work closely with Patrick over the next few months to ensure a seamless transition before he assumes his new responsibilities on March 1, 2018. During this time, Citi will run a process to select Stuart’s successor as global head of commodities.