Singapore
Standard Chartered Singapore's profit down 6% to US$1,489m in 2016
Standard Chartered Singapore's profit down 6% to US$1,489m in 2016
A weaker demand for Wealth Management products is partly to blame.
Singapore banks' loan growth to hit up to 4% in FY17
But foreign banks in Singapore are cutting their loan sizes.
Expect more banking chatbots in 2017
Chatbots went from novelty to mainstream in 2016.
Singapore banks' profitability to weaken slightly in 2017: Fitch
Average ROE fell to 10.4% in 2016, from 11.7% for 2015.
Weekly Global News Wrap Up: Losing banking jobs to EU imperils financial stability; Which US banks will benefit the most from tax cuts?
And Wells Fargo fires 4 executives.
Asian banks take the fast lane to real-time payments
Asian banks zooming towards faster and more secure transactions while navigating the region’s mounting regulatory hazards.
The top 10 IT priorities for banks in 2017
Find out where APAC banks will spend their $67.1b budget for IT this year.
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.
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