Retail Banking
Higher rates to raise Asian bank’s net interest margins, but risks may intensify
Higher rates to raise Asian bank’s net interest margins, but risks may intensify
Asset quality will not significantly deteriorate, but banks face risks if US rate hikes are larger than expected.
Thailand plays catch up with global green finance goals
Banks are calling for legislators to impose carbon tax and a common taxonomy of goals.
Weekly Global News Wrap: Depositors hit by China’s banking fiasco to be repaid; HSBC pays £1500 to staff to help with living costs
And India’s Yes Bank is selling up to a 10% stake for $1.1b.
Citi completes sale of Philippine consumer business to UnionBank
The sale includes the transfer of 1,540 staff to the Philippine bank.
Sumitomo Mitsui Financial Group posts strong Q1 profits
Profit growth was thanks to loan growth and fee income growth.
DBS names Lim Chu Chong as president director of DBS Indonesia
Lim is currently the COO of DBS’ Institutional Banking Group.
Citi names C.R. Sambamurthy as Asia head of Citigold
Sambamurthy has a 34-year career with Citi prior to his new role.
Weekly Global News Wrap: HSBC sells Russia business to Expobank; Julius Baer to freeze hiring
And HSBC’s UK unit plans to stop collecting gender data as part of inclusivity push.
Taiwan banks’ profits flat in 2023
Bottom lines are expected to remain flat in the same year.
ING Bank begin discontinuing retail product services in the Philippines
The bank’s app will be decommissioned by the end of 2022.
Volt Bank returns deposits to customers after announced closure
The bank struggled to raise enough funds to sustain its business.
Techcombank reports 22.3% surge in before tax profits in H1
Total operating income reached $900m for the first half of the year.
Mortgage boycott threatens Chinese banks’ loan quality
This highlights the need to tighten regulatory oversight of escrow accounts, Fitch said.
Number of ATMs in APAC continue to fall in 2022
A declining installed base in China is pushing down the numbers.
Suncorp sells banking business to ANZ for $3.33b
ANZ will continue to operate it as Suncorp Bank for five years.
SMBC names Priya Bellino as Head of ESG Solutions in APAC
Bellino’s prior career spans two decades with EY and Goldman Sachs.
Weekly Global News Wrap: US banks’ profits to fall; Crypto lender Celsius goes bankrupt
And UBS appoints Iqbal Khan as head of its wealth management division.
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1. UOB to take legal action against Yang Kee Logistics’ ex-CEO 2. OCBC to finance $10.9b of investments to UK growth sectors 3. Singapore’s financial sector turns to contract hiring for cost control 4. India’s credit card spend slumps 9% MoM to 7-month low 5. ANZ moves up incoming CEO Nuno Matos’ start date to May 12Resource Center
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