Retail Banking

Hong Kong lenders gear up sustainability initiatives as post-pandemic era dawns

The total combined headcount across 18 banks in the city is down 2,000 from just 12 months ago.
3 days ago

Hong Kong lenders gear up sustainability initiatives as post-pandemic era dawns

The total combined headcount across 18 banks in the city is down 2,000 from just 12 months ago.
3 days ago

South Korea’s Kakao Bank to raise over $2.2b in IPO

Shares were priced at the top end, at KRW39,000 ($34).
7 days ago

Citi Commercial Bank enables digital account opening in Hong Kong, Singapore

About 750 new accounts have been opened in four APAC markets through the new portal.
9 days ago

UnionBank clinches Philippines’ 4th digital bank license

UnionDigital will be a wholly-owned subsidiary of the Philippine lender.
9 days ago

Digitalisation creeping into non-tech roles as Singapore banks accelerate hiring

The sector will continue in a “reform and transform” path, hinging on successful digital banking applicants.
9 days ago

India’s private banks to widen gap with state peers when economy rcovers: report

Investors will likely seek signs that private lenders will be able to step up lending once COVID subsides.
11 days ago

Fintechs could overtake Philippine banks in retail segment: Moody’s

Banks' slow development of digital financial services may just give fintechs an edge.
15 days ago

Secret Sauce for the Banking Industry

According to Singapore’s largest bank DBS, the volume of cash deposits and withdrawals fell by an unprecedented 11% in the first 3 months of 2020, a 6% fall from where the figure had been since 2017. Coupled with extraordinary growth in the adoption of e-payments, it’s safe to say that COVID-19 has altered consumer behaviour—and fast. 
16 days ago

India’s banking system privatization plagued with capital, regulatory woes

They need to pump money into lenders before selling them if they want to make them more attractive to potential buyers, reports S&P.
16 days ago

Weekly Global News Wrap: Bank of England scraps pandemic curbs on dividends; JPMorgan posts jump in Q2 earnings

And four global banks to launch a pilot platform on voluntary carbon credits.
16 days ago

Hong Kong banks’ credit losses to revert to pre-COVID levels before end-2022

The increase in credit losses in 2020 was manageable compared globally.
22 days ago

Citi Global Wealth APAC Co-head Fabio Fontainha outlines bank's ambitions

Fontainha expounds on Citi's wealth goals, which include adding $150b AUM across the APAC franchise in four years’ time.
24 days ago

Citi Private Bank names southern, western Mainland China global market manager

Seamus Yin will be responsible for leading coverage of clients in central, western, and southern China.
24 days ago

Security Bank CEO Sanjiv Vohra on future-proofing a bank amidst a time of upheaval

The CEO of Philippines’ first private bank post-war highlights the importance of a people-centric approach in future-proofing a bank whilst tackling a crisis.
1 month ago