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Retail Banking

Five of world's 10 largest banks are in China: rep

The Industrial & Commercial Bank of China has almost $5t in total assets.
1 month ago

Weekly Global News Wrap: EU banks to float 'green' indicator next year; Citigroup revises earnings a

And Goldman Sachs reboots cryptocurrency desk following Bitcoin boost.
1 month ago

Commerzbank mulls exit from Hong Kong, other Asian locations

Asia sales activities will be bundled in Singapore.
1 month ago

DBS appoints Abdul Raof Latiff as new DBS Malaysia country head

They also appointed a new Group Head of Digital for Institutional Banking last January to replace Latiff.
1 month ago

CIMB posts $293.5m net profit for FY2020

Higher loan provisions affected the bank's performance.
1 month ago

OCBC net profits down 26% to $3.59b in FY2020

CEO Samuel Tsien maintained a cautious outlook for the economy’s recovery.
1 month ago

UOB's net profits down 33% to $4.34b in FY2020

The group emphasized wealth and connectivity-related services as tenets for growth.
1 month ago

Mizuho Bank, LINE invest $114m in proposed smartphone bank

They are also introducing a co-CEO.
1 month ago

Citigroup mulls divesting some APAC retail banking units

Revenue from consumer banking in the region declined 15% in Q4.
1 month ago

Australia's Bank of Queensland to acquire ME Bank for A$1.3b

This ramps up BoQ’s competitiveness via increase geographic diversity and scale of operations.
1 month ago

APAC banks face challenging 2021 as small lenders hurtle towards mergers

Banks in Indonesia, Japan, and Taiwan are likely to consolidate due to weak performances, analysts say.
1 month ago

HSBC Singapore to name new CEO

Current chief Tony Cripps will become CEO of Saudi British Bank in May.
1 month ago

Philippine banks to offload bad loans via asset management firms

They will be granted tax incentives to cover transferring costs.
1 month ago

HSBC, Standard Chartered's HK shares top gainers in Asia

Both banks will report earnings next week.
1 month ago

India shortlists four mid-sized banks for privatisation

Two of those lenders will be selected for sale in FY2021/2022.
1 month ago

Capital shortage heightens India's public sector banks' risks in 2021

NPLs declined in 2020, but weak profits make them highly vulnerable to risks.
2 months ago