Retail Banking

Six banks penalized in Singapore for AML breaches

Six banks penalized in Singapore for AML breaches

Credit Suisse’s fine also accounts for separate breaches related to US customer accounts.

EXIM India has strong solvency, although capital to moderate

It will enjoy strong funding access due to its government affiliation.

AusPayNet launches public consultation on account-to-account payments

They aim to identify current and future payment needs and expectations of users.

Aussie banks welcome confirmation of payee system

It will check if the account names and numbers entered by the payer.

Bangkok Bank, Permata Bank reiterates support for Thai investors entering Indonesia

Bangkok Bank, Permata Bank reiterates support for Thai investors entering Indonesia

Top Philippine banks’ strong capitalisation, liquidity a buffer for macro risks

Provisioning costs are expected to remain elevated as they expand their consumer loan books.

Bank Mandiri’s interest margin upper target 'challenging' to attain

Loan growth momentum could pick up in the second half of 2025.

Bank Australia’s Qudos merger solidifies its competitive position

Its Qudos and Australian Unity Bank mergers are not expected to disrupt core activities.

South Korea's average deposit, loan interest rates fell in May

Interest rate on new deposits fell 8 basis points from a month earlier.

Virtual banks in Thailand face tight competition and regulatory hurdles

Regulatory restrictions and target customer segments will keep them from growing too quickly.

Chinese megabanks cement nation’s economic prowess

Banks in China dominated S&P Global Market Intelligence’s top 50 lenders in the region.

Krungsri unveils corporate banking plans in ASEAN

It affirmed its desire to support Japanese corporations operating in Thailand.

Thailand’s central bank names new deputy governor

Suwannee Jatsadasak is now deputy governor, corporate development.

Jeonbuk Bank weighed by large unsecured personal loans

Profitability may decline through 2026 due to declining loan yields.

PBCOM appoints new treasury trading team head

Justin Labadan will begin in his new role on 1 July 2025.