Retail Banking

Philippine neobanks to have 51.4 million potential clients by 2025: study
23 Oct 20
They could hit up to 10 million deposit accounts by this year.
HSBC to cut 300 jobs in British commercial banking overhaul
22 Oct 20
In June, the bank resumed its plans to cut 35,000 jobs.
Asian banks could be wasting their digital potential
21 Oct 20
Going digital does not equal better cost benefits, and developed markets are most at risk, says Morgan Stanley.
Weekly Global News Wrap: US regulators to finalise rule for long-term liquidity; Cross-border lending to emerging markets dips in Q2
21 Oct 20
And Swiss bank UBS doubles Q3 net profit.
HDFC Bank to outperform Indian peers in earnings, growth
20 Oct 20
It will see further growth by tapping in on underserved retail, SME borrowers.
DBS named Safest Bank in Asia
20 Oct 20
This marks its 12th consecutive year to be honoured with the title.
New Zealand's climate reporting policy to impact banks minimally: Fitch
20 Oct 20
Agricultural loans, comprising 13% of sector loans, will come under crutiny.
No ‘one-size-fits-all' for mobile bank TMRW
17 Oct 20
UOB’s mobile-only bank makes use of personalization to attract Thailand, Indonesia’s tech-savvy generation.
Westpac to exit China, other Asian markets
14 Oct 20
It will consolidate operations into branches in Singapore, London, and New York.
Philippine banks remain firm, but headwinds loom: Fitch
14 Oct 20
Weak local consumption and high credit impairment are fanning the fire.
Ageing, digitization drive new income streams to Japan's regional banks
13 Oct 20
Banks can help ageing SME owners manage business risks, says Moody’s.
How Citi ASEAN's workforce champion adaptability, diversity
9 Oct 20
Joel Fastenberg talks about how Citi rose to the challenge of digitization, work-from-home and diversity.
Third quarter a mixed bag for Thai banks
1 Oct 20
Earnings will plunge YoY and rebound QoQ at the same time.
Weekly Global News Wrap: Global regulators ready to give more support; Investment firms to buy HSBC's French retail arm
30 Sep 20
And Goldman Sachs reshuffles asset management and consumer wealth units.
Chinese listed banks' net profits down 9.05% in H1
25 Sep 20
Their fee and income growth slowed whilst NPLs rose.
UOB simplifies users' digital transactions via new partnership ecosystem
25 Sep 20
Customers will be able to make payments without using a physical card.
Singapore's banking system to recover in two years: S&P
25 Sep 20
Even though it’ll be amongst the first to improve, recovery will still take until end-2022.
Singapore regulator probing reports on suspicious bank transfers
23 Sep 20
An appropriate action will be taken based on its own review.
Mox Bank launches in Hong Kong
22 Sep 20
Everyone in the city can now sign up for its services.
CIMB Bank to open branches in Malaysia over two weekends
17 Sep 20
This is to facilitate financial aid to clients upon the expiry of the loan moratorium.
China's MSE loan programme to strain banks' profitability
16 Sep 20
The banking system is expected to extend $420b in new loans to micro and small businesses.
Recovery still not in sight for ASEAN banks
15 Sep 20
Operational green shoots remain vulnerable as borders are still closed.
Philippine banking system edges closer to a digital revolution
15 Sep 20
The market has qualities favorable for virtual banks to thrive.
Chinese banking sector's net profits down 24.6% YoY in Q2
11 Sep 20
Improvement in sight for H2, but lenders may face capital shortfall.
MUFG Bank names Hoang Thi Tuong Khanh as Vietnamn global corporate banking head
9 Sep 20
She will be based in Hanoi.
Malaysia drops criminal charges vs Goldman Sachs over 1MDB
9 Sep 20
The bank has earlier agreed to pay $3.9b as settlement.
Weekly Global News Wrap: JPMorgan probing employee misuse of PPP funds; Watchdog rebukes Lloyds' unfair treatment of small firms
9 Sep 20
And Danske Bank pays up to $16m for over-charging clients.
Amidst a crisis, Hong Kong's Mox Bank sees boundless opportunities
6 Sep 20
The neobank has outlined a bold plan to kickstart a new generation of virtual-savvy customers.
Singapore regulator floats new SGD facility for banks
4 Sep 20
It will be launched in the week of 28 September.
JPMorgan names Philip Glickman as APAC merchant services head
2 Sep 20
He was previously with Mastercard.
Feeble asset quality, credit growth squeeze big Aussie banks
2 Sep 20
The full impact of the pandemic is yet to materialise.
Maybank Singapore to hire 100 trainees, expand staff financial aid
2 Sep 20
It has also pledged not to cut jobs.
Trials reflect weak economic ground for Cambodian banks
2 Sep 20
Wide credit-to-GDP elevate risks linked to economic imbalances.
CIMB sees H1 net profit drop to $189m
1 Sep 20
Elevated loan provisions triggered the fall.
Chinese banks with more shrewd NPLs see slim earnings hike
1 Sep 20
But banks are still likely to slash dividends.
South Korean banks' vulnerability intensifies amidst renewed pandemic onslaught
27 Aug 20
The new outbreaks could lead to an extension of relief loans, which will weigh on profits.
Maybank's Q2 profit sinks more than half to $225.95m
27 Aug 20
Impairment allowances surged to $417m.
Huge capital gap hounds China's big banks
26 Aug 20
The gap could expand up to $943b by 2024.
APAC banks face varying effects of ultra-low rates
25 Aug 20
Typical challenges include weak interest income and NIM compression.
Indonesia's Bank Mandiri face lower margins, climbing NPLs
25 Aug 20
The lender’s net interest margin contracted by 65 bp in H1 2020.

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