Retail Banking
Japanese megabanks curb hiring amidst digitalisation drive
Japanese megabanks curb hiring amidst digitalisation drive
MUFG will cut new hires by 45% as it aims to halve the number of teller-operated branches.
Weekly Global News Wrap Up: Citi buys $6.4b mortgages from UK bad bank; Goldman Sachs slapped with $45m by UK watchdog
And Wells Fargo CEO Tim Sloan is stepping down.
Chart of the Week: Singapore banks' LDR slows to 104.6% as lending weakens
On the other hand, deposits grew at a near-two year high at 6.3%.
Hong Kong shapes up in heating virtual banking race
The first batch of licensees were granted to applicants with experience in running a deposit-taking and lending business.
Regional gains boost Singapore bank loans amidst weakening domestic demand
Regional loan growth of 0.3% outpaced domestic loan expansion of 0.2%.
Korean banks urged to break heavy reliance on interest income
Non-interest related earnings made up 12% of 2018 profits.
Indian banks successfully dent bad loans in 2018
The NPL ratio fell to 10.8% from 11.5% the previous year.
Singapore firms with overseas ties could fall into global regulatory loopholes: Dow Jones
Despite a world-leading compliance regime, firms risk another 1MDB scandal by failing to assess malpractices of external links.
Hong Kong banks' loan growth slows to 3.03% in February
Trade finance loans fell for the sixth straight month to $60.86b.
Singapore bank loans grew 3.3% in February
However, consumer loans grew at the slowest pace since at least 2005.
Online hiring in Singapore banks up 12% in February
Job seekers must be passionate about consumer tech.
Japan Post Bank doubles savings cap
Customers can now deposit larger sums of money.
Bank Negara Indonesia opens strong as loans grow 18% in January-February
Investment loan growth hit 14%.
Malaysian banks' pre-tax profit hits $9.04b in 2018
Sector earnings grew at a slower pace due to higher MFRS9 provisions.
OCBC sets up board committee on ethics and conduct
It will be chaired by OCBC bank chairman Ooi Sang Kuang.
DBS CEO Piyush Gupta's pay rose 15.5% to $8.62m after record-high earnings year
The CEO also saw a $3.31m cash bonus.
China Construction Bank's Q4 profit falls to $6.02b
This represents the first quarterly decline in three years.
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