Retail Banking

Indian public bank deposit share slumps to 56% as private rivals surge

Household savings held by private lenders climbed from 30% in 2020 to 35% by 2025.

SMFG profit up 22.8% to $8.99b in 9M on higher income

It forecasts an annual cash dividend of JPY157 for the fiscal year.

DBS Hong Kong names Xu Qing as managing director and risk head

Xu will oversee all credit and risk functions in Hong Kong, mainland China, and Taiwan.

Failed P&N-CUA merger won’t slow Aussie mutual bank consolidations: S&P

The two banks are expected to continue seeking consolidations.

PNL and Great Southern Bank scrap merger

The two Australian banks’ boards agreed to terminate their MOU.

Citi rolls out evergreen private market funds for HNW clients

It has partnered with Blackstone, Blue Owl, and KKR to launch the funds.

Standard Chartered names Ryan Song as head of M&A in Korea

He is expected to help grow the bank’s M&A advisory business in the region.

MUFG Bank invests in GLIN Impact Capital 2 to back ESG growth

The investment aligns with the bank’s medium-term business strategy.

Banks risk wealth advisor exits without tech upgrades: Cerulli

Just 8% of wealth advisors in the Americas are not yet using wealth tools.

South Korea rewrites bank loan-deposit rules to push regional lending

Regulators plan to upgrade rules and provide incentives to improve regional banks’ competitiveness.

Indian banks outclass Western peers with high-return, low-leverage model

The study groups India where lower gearing aligns with higher performance.

Security Bank names new wealth segment head

The Philippine bank also announced the retirement of EVP Gina Go.