Retail Banking
Hang Seng China unfolds cross-boundary wealth management centre in GBA
Hang Seng China unfolds cross-boundary wealth management centre in GBA
It is the first cross-boundary wealth management in China.
Citi names Rajak Madhok as global head of Citi Commercial Bank credit risk
Madhok will relocate to New York.
Weekly Global News Wrap: UBS appoints Sergio Ermotti as group CEO; French authorities search banks on suspicion of fiscal fraud
And a top US regulator said Silicon Valley Bank did a terrible job of managing risk.
Philippine President supports the merger of two state-run lenders
The merger of the two banks would make it the largest Philippine bank in terms of assets.
HSBC launches AI-driven structured product for private banking clients in Asia
The portfolio is rebalanced weekly.
Did digital banks fail to disrupt?
Most became niche players, yet served their regulatory purpose, said McKinsey associate partner Hernán Gerson.
US, Europe banking fiascos have little effect on Australian banks: analyst
They have different business models from banks in US and Europe.
India’s banks can withstand fallout from US bank failures, Credit Suisse sale
The companies have manageable exposure to these banks.
KBank sees 2 million new users in K PLUS app
The app recorded $292b (THB10t) in total transactions throughout 2022.
UNO Digital Bank offers account opening services to GCash users
GCash users can open a savings or time deposit account with no minimum balance needed.
Stable outlook for Australia’s Defence Bank: Moody’s
Asset quality pressures will remain contained.
Australia’s Alex Bank raising $20m
The bank’s lending strategy focuses on the consumer finance market.
Low risk of bank runs in Asia: analyst
Japanese banks are the most vulnerable and face flat NIM growth.
Indonesia’s Bank BTN names Nixon LP Napitupulu as CEO
They have also decided that 20% of net profits for 2022 will be used as dividends.
US banking fallout has little impact on APAC banks, but contagion risks linger
The evolving situation means that problems from secondary effects may rise in the near future.
Corporate banks ramp up data analytics to boost customer acquisition
They also plan to use data and analytics to assess productivity of relationship managers.
NIM, higher expenses drag on Malaysian banks’ earnings growth in 2023
Mid- to high-single digit NIM compression will offset loan growth, an analyst said.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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