News

The country is home to the world’s largest banks.

The branch-lite push could result in lower office space demand.

This includes Standard Chartered Bank and online loan platform WeLab.

Parameters for macroprudential assessments may be lowered.

Around 18 more lenders are expected to use the platform by October.

Consumers remain wary of banks in light of the damaging inquiry. Open banking is facing considerable headway in Australia as three in five banking consumers (66%) admitted that they remain unwilling to share their financial data with non-bank organisations or third party players, according to a survey by Accenture.

Digital info depository MyInfo remains a key target.

Firms with questions about foreign expansion can soon reach out to the FSS.

CTBC Bank topped the list.

Banks are struggling to recover around $20b of loans from developers.

Fitch believes that the possibility of disruption is higher in these markets.

This will streamline the cross-border fund transfer process.

The housing downturn is expected to weigh in on profitability.

Mobile banking usage has now overtaken branch visits by 15%.

And Italy's Banca Carige is under investigation for market rigging.

The downturn may even offset the strong performance of household loans.