Retail Banking
China tightens ownership rules of unlisted banks
China tightens ownership rules of unlisted banks
The move comes after the takeover of Baoshang Bank.
US dollar deposits accounted for a third of Singapore's total bank deposits in March
USD deposits rose at a CAGR of 20% over the past nine years.
International banking heads take home highest salaries in Singapore's financial sector
The average base monthly salary for this role can hit $24,000.
Chart of the Week: Philippine banks' loan growth to slow to 11% in 2019
Lending growth fell to an eight-year low in May.
Weekly Global News Wrap Up: UBS Q2 profit hits five-year-high; BofAML shells out $40m fine: report
And Spain’s Banco Santander finds refuge in the Americas.
Bankers are earning less than construction workers in Japan
The average wage of 102 listed banks and insurers dropped 1.4% since 2016.
Asian Banking & Finance Awards recognises record number of outstanding companies
More than 270 senior banking executives graced the event.
Digital wealth manager Syfe launches in Singapore after $5.2m seed round
It also got its Capital Markets Services Licence.
Weekly Global News Wrap Up: UK banks hit by Brexit-induced investment slowdown; Deutsche Bank to pay $197m to settle bribery case
And BNP Paribas will pull out from financing private prison firms.
Vietnamese banks eye offshore capital to meet Basel II regulations
Tien Phong Commercial Joint Stock Bank could seal Vietnam’s first USD-denominated note issuance.
Japanese regional lenders tie up to combat low interest rate environment
Bank of Yokohama and Chiba Bank’s agreement include retail banking, database marketing and M&As.
DBS is betting big on India
By refusing to ditch the physical bank branch and prioritising the improvement of its mobile offerings, DBS has fully embraced the phygital model in...
Malaysian banks' core net profit fell 2% in Q1
AMMB’s net profit crashed 36%.
Hong Kong's laid off banking expats struggle to find jobs
Expats may turn to lower-paying options following Deutsche and Nomura's job cull.
Weekly Global News Wrap Up: Societe Generale reportedly eyeing to sell UK private banking arm; Wells Fargo slapped with $6.61m fine in Ireland
And bank licensing boom hits South Africa.
Are Indonesian banks' digital journeys paying off?
Lenders are introducing self-service lounges, cardless withdrawals and biometrics to grow their millennial client base.
Hong Kong lenders shrug off virtual banking threat
Account fees, which were waived, represent only a negligible income source.
Commentary
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Digital transformation starts with leadership