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Deutsche Bank sees exodus of 30% of workforce in Singapore and Hong Kong
Deutsche Bank sees exodus of 30% of workforce in Singapore and Hong Kong
This translates to almost 50 investment bankers leaving in the past six months.
Weekly Global News Wrap Up: Can global bank stocks bounce back in 2019?; Saxo Bank to buy Dutch online lender for $480m
And here's how Brexit is affecting Credit Suisse's wealth management strategy.
Chart of the Week: New Zealand proposes ambitious $9b bank capital buffers
The central bank is putting forward a prudential capital buffer of 9-10%.
Hong Kong banking industry needs to amp up skills on fintech and cybersecurity: study
Only 2 in 5 industry professionals have gone through fintech training courses.
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.
Philippine banks' bad loan ratio to hold steady at 3.5% in 2019
Strong capital buffers can help weather volatile currency risks.
Australia's big banks profited $792m by subverting mortgage cap: regulator
The banks were accused of accomodative pricing behaviour.
Dementia sufferers catch Japanese banks off guard
Japanese residents with dementia will hold $2t in financial assets by 2030.
Chart of the Week: Australia and Hong Kong banks hit by negative property sentiment
The decline in property prices may drive loan impairments up.
Weekly Global News Wrap Up: US banks brace for deal frenzy as 2017 M&As doubled to $196.5b; JP Morgan targets mid-sized firms in European pivot
And UAE and Saudi Arabia have deployed digitla currency for settlements.
Thailand mulls harsher stance against cash transactions
Banks are considering additional fees as it aims to speed up e-payment adoption.
India's ATM industry struggles with steep compliance costs
Half of the infrastructure may close down by March 2019.
Chinese regulator refuses to let up on banking crackdown with $22m fine
This represents one of the largest penalties in 2018.
Singapore banks embark on hiring spree in fight against dirty money
As a result, IT security professionals can command up to 30% in pay hikes.
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.
APAC banks brace for slowdown as GDP growth peaks
Loan growth will slide across the region.
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1. Top companies are looking for top talent — they’re looking for CTPs 2. SeaBank Philippines rebrands name to MariBank Philippines 3. CIMB names new growth markets, Singapore unit chief 4. ING expands eFX capabilities, sets up regional trading hub in Singapore 5. NAB names Kanishka Raja as CEO of UbankResource Center
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