Retail Banking
Singapore's MAS: banking system sound amidst US bank failures
Singapore's MAS: banking system sound amidst US bank failures
MAS said that its local banks have “insignificant exposures” to the failed banks.
UOB’s Jacquelyn Tan on triumphing over expectations, biases to succeed in the banking industry
Tan shares how she leads 7,000 people across the region and her thoughts on women in banking.
Citi appoints Bhanu Vohra as India head of commercial banking
He reports to Tushar Vikram and Rajat Madhok.
South Korea’s K-Bank quadruples net income in 2022: report
The neobank now has 8.49 million customers.
South Korean bank deposits up by KRW22.3t in February
Transferable deposits rose by KRW21.4t during the month.
China reopening to lift Hong Kong banks’ earnings: Fitch
Fitch Ratings expect higher net interest income and NIM.
DBS officially launches Dhaka representative office
This is DBS’ 19th market globally.
No more full gov’t support for Shoko Chukin Bank after stake sale recommendation: report
The potential stake sale is a governance risk, Moody’s warned.
Weekly Global News Wrap: Credit Suisse woos the wealthy with higher deposit rates; Citi cuts jobs
And Goldman Sachs signals possible sale of consumer business assets.
Citi completes sale of India consumer business to Axis Bank
Approximately 3,200 Citi employees have been transferred.
Citi completes sale of Vietnam retail banking, credit card units to UOB
This includes the turnover of approximately 575 related staff.
South Korea’s chief financial regulator urges banks to reduce interest income dependence: report
Lee Bok-hyun said the FSS is looking for ways to encourage lenders to diversify income streams.
Revised capital rules a positive for Chinese banks’ operating environment
It is expected to have minimal impact on local banks’ capital position.
Maybank’s net profit up 1.6% to $1.8b in 2022
Improving regional economic activities and lower net impairment losses led to the growth.
Thailand’s KBank eyes to be amongst Vietnam, Indonesia’s top banks
The bank aims to increase its international business income to 4% of its total net income.
Judo Bank's rapid growth to continue despite inflation, competition
Competition and higher cost of funding are likely to curtail some margin benefit, says S&P.
Korean banks' plan to boost shareholder returns won't affect profits
The regulator is expected to stop any excessive payments.
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ABF Retail Banking Awards 2024 Winner: Standard Chartered Bank - Florence Wong
Winner of the Employer Award of the Year - Silver at the ABF Retail Banking Awards 2024, Standard Chartered Bank prioritises employee development.
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Embracing Change and Capturing Opportunities with Insights from Leading Chinese Banks