Retail Banking

Its iBranch SinoPac addressed the pain points of the traditional branch service model through the O2O digital integration process.

And Goldman Sachs to set new profit targets.

Discussions between the two banks are at the preliminary stage.

But it reported weaker quarterly performance, largely due to its $309.8m Q3 expense.

They are amongst the first bank in the city to roll-out buy now, pay later services.

All three banks’ profits jumped over 60% for the first six months of the current fiscal year.

Less than one in ten, or only 4%, concentrate their banking activities at the ATM.

Increased regulatory interest in sustainability will require financial institutions to address its ESG strategy, risk management, regulatory compliance, and data challenges.

By end-2021, HSBC will have 64 working in its China onshore private banking.

The non-performing loans rate remained unchanged at 1.5% during the quarter.

Over $1m and 3,698oz of precious metals have been purchased through the app.

Net trade income plunged 67%, slightly offset by stronger net fees and commissions.

Net profit also saw a rise of 4% QoQ.

And Citigroup warns of charges related to the closing of S. Korea consumer business.

He has over 25 years of experience in business and risk roles.

PSBC is one of the largest state-owned banks in China.