Retail Banking
Philippine central bank limits daily cash withdrawals, transactions to $8,750
Philippine central bank limits daily cash withdrawals, transactions to $8,750
Transactions beyond that must be done through traceable channels like cheques, and online transfers.
Weekly Global News Wrap: Yes Bank ex-CEO charged; US banks cut rates
And a software used by Aussie banks’ is being tested for a possible teen social media ban.
SMBC to buy additional 4.2% stake in Yes Bank for $101.7m
It has already completed the acquisition for a 20% equity stake in the Indian bank.
NAB boards mourns passing of former director David Armstrong
Armstrong was with NAB from 2014-2023.
Hong Kong eases info-sharing in banks’ anti-fraud push
The changes let banks share more information without fear of liability.
Indonesia loan growth slows with drawdown delays, NPLs under scrutiny
Malaysia-based investors are watching for signs of a recovery going into FY2026F.
Australia, New Zealand propose reforms on AT1 capital rules
New Zealand wants to remove AT1 capital and introduce more granular standardised weights for credit risk.
ANZ sets up resolution program, to submit remediation plan
ANZ could spend approximately A$150m on implementing the remediation plan.
SCB consolidates retail units under new consumer banking group
It is overhauling its branches as well as upskilling branch staff and relationship managers.
Philippine cash remittances up 3% to $3.18b in July
Cumulative cash remittances for the January-July 2025 period is now at $19.93b.
GXS Bank expands SME lending after Validus acquisition
It’s also targeting Grab merchants and Singtel customers for financing.
ASIC eases disclosure rules on deposit rates for banks
The relief is extended until 1 October 2030.
ANZ fined $240m for incorrect trading reporting and misconduct
This is the largest ever announced by ASIC against one entity.
South Korea’s home mortgage loan growth inch up in August
Resumption of non-face-to-face lending brings back household loans to a growth.
Hong Kong banks lift H1 profits on non-interest income growth
The four banks’ net interest margins are expected to improve in H2 2025.
China renews bilateral swap agreement with ECB, Switzerland, & Hungary
The agreements are valid between three to five years.
ANZ to lay off 3,500 staff, reduce services contractors engagement
It expects a restructuring charge of $560m before tax in H2 2025.
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Digital transformation starts with leadership
The future of Asian banking isn’t ‘AI-first’ – it’s ‘fearless-first’