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Weekly Global News Wrap: US bank profits dip in Q3; UBS' new CEO is a former JP Morgan exec
Weekly Global News Wrap: US bank profits dip in Q3; UBS' new CEO is a former JP Morgan exec
And Goldman Sachs to set new profit targets.
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...
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.
UOB Q3 profit leaps 57% to S$1.05b
Net profit also saw a rise of 4% QoQ.
Weekly Global News Wrap: UBS posts best quarterly profits in six years; Italy’s Monte dei Paschi rescue deal collapses
And Citigroup warns of charges related to the closing of S. Korea consumer business.
DBS Hong Kong, China’s PSBC to offer services under Wealth Management Connect
PSBC is one of the largest state-owned banks in China.
Standard Chartered Hong Kong launch WMC services
Clients can now purchase SC Hong Kong’s wealth management products.
Citi Hong Kong, CGB team up to offer wealth services under Wealth Management Connect
Citi plans to offer around 100 types of wealth products from the mainland.
Why Malaysian banks are spending more on financial wellness apps
They spent the most amongst other markets in the Asia Pacific region.
Only six new digital banks in the Philippines for now: BSP head
All nine additional applicants failed to submit documents.
4 in 5 banks prioritises people over products
81% of banks seek to differentiate their customer experience.
Siam Commercial Bank’s restructuring highlights Thai banks’ need for complexity: analysts
The new entity aims to become a regional fintech conglomerate by 2025.
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1. Singapore banks face currency split as ringgit offsets losses 2. BofA sees treasury roles shifting toward strategic advisory 3. Chinese banks mask capital weakness with government injections 4. Energy price volatility highlights structural gaps for managing FX risk in APAC 5. DBS brings tokenised physical gold to retail investors via digibankResource Center
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He advocates for institutions that integrate innovation with strong governance, transparency, and long-term resilience.
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Built to last: How Japan is approaching the cross-border payments challenge