Retail Banking

And PayPal to research US transactions that fund hate groups and extremists.

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

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

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

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

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

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

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. 

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

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

The increase in credit losses in 2020 was manageable compared globally.

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

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

And JPMorgan acquires ESG investing platform OpenInvest.

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.

And banking jobs in Frankfurt are falling despite boost from Brexit.