Retail Banking
China to let up on shadow banking crackdown in 2019
China to let up on shadow banking crackdown in 2019
Shadow banking assets fell to around 68% of GDP in 2018.
DBS poaches former Bank of Singapore private banker
Lee Woon Shiu will be responsible for leading the bank's wealth planning, family office and insurance business.
HSBC targets US$1b in additional wealth revenue by 2020 from Asia's super-rich
The bank is adding 1,300 roles that will be assigned primarily in Hong Kong, Singapore and China.
Japan's regional lenders outline dangers of ultra-low rates
They are also calling for commercial banks to expand beyond traditional banking.
RCBC files $2.47m defamation suit vs Bank of Bangladesh after massive cyberheist
RCBC thinks that the Bangladesh Bank should pay them at least $1.90m in damages and another $570,000 to its senior VP for similar damages.
UOB issues Singapore's first panda bond
The offering has a subscription rate of 2.7 times from asset managers and commercial bank investors.
Asian Banking and Finance Retail Banking Awards 2019 opens for nominations
Entries will be accepted until 10 May.
Weekly Global News Wrap Up: EU banks' foreign deposits fall amidst money laundering probe; Sweden mulls bank tax
And a California bill proposes creation of local banks.
Australian banks slammed over repayment delays
Customers had to pay for services they did not receive.
Malaysian bank loan growth up 5.6% in 2018
Corporates and households drove yearly lending demand.
Credit Suisse names Josephine Yap as head of Philippine representative office
She previously headed private wealth countryside at Metropolitan Bank and Trust Company.
HSBC sets up Asian wealth team
Gabriel Tam was named as Asia head of UNHW solutions.
NAB names Philip Chronican as next chairman
He will also serve as interim group CEO for the bank.
Korean banks to maintain London operations despite Brexit: report
Reports noted that banks considered Frankfurt for their new locations amidst Brexit fears.
Chinese banks' new loans falls sharply to $131.8b in February
This is only a third of the $480.75b in loans issued in January.
Trade tensions fail to rattle Chinese banking outlook: survey
Two in 5 bankers believe China’s economy will grow by around 6.5-7%.
Mizuho to book $6b restructuring costs in digital pivot
The Japanese megabank is scaling down its physical retail network.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
Why high capital levels are a double-edged sword for Singapore banks