Retail Banking

New COVID outbreak, inflation, rising interest rates pose risks to Singapore’s financial stability: MAS

Banks should have enough buffers and find climate transition risks manageable.

Bank SinoPac wins big at the ABF Retail Banking Awards 2021

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

UnionBank in talks to take over Citi’s consumer banking assets in the Philippines

Discussions between the two banks are at the preliminary stage.

CIMB Group core profits more than tripled in 9M 2021

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

How Hong Kong’s livi bank aims to make banking more rewarding

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

Profits of Japan's megabanks to rise in next 12-18 months

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

4 in 5 Singaporeans prefer online methods of banking: survey

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

How financial services can heed regulators’ call for sustainable finance

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

HSBC ahead of China wealth hiring targets, mulls re-entering India private banking

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

DBS’ net profits jump 31% to $1.7b in Q3

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

OCBC allows real-time digital purchase of gold, silver 

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

OCBC’s net profits up 19% to S$1.22b in Q3

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

UOB Q3 profit leaps 57% to S$1.05b

Net profit also saw a rise of 4% QoQ.

DBS names Soh Kian Tiong as chief risk officer

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