Retail Banking
Mizuho Bank acquires all shares in pension subsidiary
DPCS operates a call center and online services offering defined contribution pension plans.
Mizuho Bank acquires all shares in pension subsidiary
DPCS operates a call center and online services offering defined contribution pension plans.
Citi names Joy Cheng as head of Hong Kong commercial bank arm
Cheng brings 30 years of banking experience to the role.
UBC Chairman Nirvana Chaudhary aims for Top 5 spot in Sri Lanka’s banking sector
He says collaborations are key to driving the Union Bank of Colombo to the top.
Loan growth ambitions push Indian banks to ‘deposit war’
Loan growth is expected to fall in 2025 with possible intensified deposit competition.
Mizuho Financial Group’s total capital ratio is 15.97 as of end-Dec 2023
Both Mizuho Bank and Mizuho Trust & Banking reported higher total capital ratios.
Siam Commercial Bank’s Mae Manee app to undergo maintenance
It will be unavailable in the early hours of 23 February and 24 February.
CBA credit losses to remain low over next two years: S&P
Share buyback will shave off reserves, but CBA should be able to remain above capital requirements.
Bank Mandiri’s loan quality improved moderately in 2023: Moody’s
Share of impaired loans were “modestly lower” compared to 2022.
Weekly Global News Wrap: US banks collect lower overdraft fees; Citi asked to improve internal oversight
And investment to hedge funds hit a new low, according to Goldman Sachs.
India’s private banks’ NIMs contract 32 basis points in Oct-Dec 2023
Growth in unsecured loans is expected to slow, which will impact credit growth and NIMs.
Mizuho Financial Group plans to inject $5.7m to trust banking arm
This is so that MTBC can acquire over 600,000 shares of Mizuho.
Bendigo and Adelaide Bank warns of impersonation scams
Criminals pose as bank brands to phish money and banking information.
Korea’s Woori Financial Group logs 19% lower net income in 2023
Dividend income was 50% higher, however.
National Australia Bank appoints Andrew Irvine as new group CEO
He will also become NAB’s managing director, beginning 2 April.
Mizuho Financial Group’s net income up 18.2% to $4.3b in 9M FY2023
Its gross profits and credit costs rose.
SMFG profits up 3.5% to $5.3b
An earnings per share of approximately $4 has been announced for the period.
India’s Paytm meets with central bank following suspension of deposits: report
Paytm is reportedly seeking to extend the RBI’s 29 February deadline, a source said.
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HSBC Hong Kong shines at ABF Retail Banking Awards
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1. Zed challenges banking norms with no interest, forward-looking credit card 2. HK-based fintech KPay expands operations to Singapore 3. Citi names Amit Dhawan as head of CCB Singapore 4. StanChart joins Visa’s B2B Connect to enhance cross-border payments 5. Hang Seng Bank warns against phishing emailAwards
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