Singapore
Are Singapore banks' asset quality woes finally over?
Are Singapore banks' asset quality woes finally over?
New non-performing asset formation rates fell in Q4 2016 from their peaks in Q2 2016.
UBS' investment banking bonus pool in Asia Pacific to drop 15%
The bank's 66% drop in profits last year is taking its toll on bankers.
OCBC's loan yields may be under pressure: analyst
Competitive pressures will offset the loan re-pricing interval benefits.
DBS' net profit down 2% to US$3b in 2016
Higher allowances offset stronger operating performance.
Weekly Global News Wrap Up: Credit Suisse to cut 5,500 jobs this year; More women dominate central banks in Southeast Asia
And Wells Fargo to cut 2016 bonuses for top execs.
Chart of the Week: More than 38% of global adult population to adopt mobile banking by 2018
That is equivalent to more than 2 billion people.
Death of the tokens as banks use apps for authentication
Find out how Citi and UOB are simplifying authentication processes.
Which Singapore bank is winning the financial talent war?
In 2016, the bank’s monthly attrition rate was at a low 0.75% compared to the financial service industry’s rate of 1.3% and the national rate of 2.0%.
OCBC's net profit down 11% to US$2.4b in 2016
The rise in net allowances offset the strong wealth management fee income.
Global mobile wallet transactions to increase 32% to $1.35t in 2017
Nearly half of these transactions will be online payments for physical goods.
Cybersecurity stalls customer adoption of fintech services in Singapore
Only 4% of customers use new payment methods in Singapore.
Citi launches global competition for tech innovators to create solutions for the public sector
Interested companies can submit applications until March 6.
APAC banks' IT spending to hit $67.1b in 2017
It's a 5.4% increase from 2016.
Weekly Global News Wrap Up: 11 trends that will define banking in 2017; Brexit risks 30,000 UK jobs
And Credit Suisse moves its investment banking team to London.
Bank of Singapore partners with Swiss bank Vontobel
Clients can now place their assets in Vontobel's Zurich booking centre.
Asia Pacific banks brace for the IFRS 9 deadline of January 2018
Banks are urged to adopt new IT solutions to meet requirements.
Number of ATM cash withdrawals worldwide up 10% in 2015
Chinese ATM usage accelerated to 23%.
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1. OCBC starts AI stock adviser using data on 4,000 stocks 2. UOB reports flat net profit growth in Q1 despite record fee income 3. J.P. Morgan unveils automated cross-currency payment collection and settling service 4. Sea rebrands digital finance business SeaMoney to Monee 5. Barclays integrates Ant Int’l model to FX hedging platformResource Center
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