Retail Banking
Weekly Global News Wrap: Ex-Goldman SEA chairman’s sentencing for 1MDB fiasco delayed; Crypto trader Voyager goes bust
Weekly Global News Wrap: Ex-Goldman SEA chairman’s sentencing for 1MDB fiasco delayed; Crypto trader Voyager goes bust
And Credit Suisse names new head of private banking in Switzerland.
DBS appoints ex-Vickers HK CEO as head of private banking, Greater China
Carol Wu has been with DBS for 14 years.
StanChart taps ex-JP Morgan banker as new CIO for North Asia
Cheng was head of Asia Equity Strategy for JP Morgan Private Bank.
MUFG names Manoj Bhatia as head of corporate global subsidiary banking
Bhatia will continue his role as head of GSB Asia Pacific.
BRImo superapp offers digital account opening for Bank Raya
The gig economy-focused digital bank now has over 700,000 users.
South Korea’s kakaobank “most recommended” retail bank in APAC: survey
Indonesia’s BCA and StanChart Taiwan also topped the list.
Chinese banks face tough balancing act of keeping profits, buoying economy
Smaller banks face being left in weaker financial positions, Natixis warns.
Thai bank earnings rise in Q2, but bad loans slated to rise
Rising costs and no more relief from the regulator will cause a rise in the bad loans ratio.
ING pulls back from the Philippine retail banking market
Over 380,000 clients are expected to be affected once they leave the market by end of the year.
Citi names new Asia cluster heads
Singapore Citi Country Officer Gupte is now head of South Asia & ASEAN.
Why LINE Bank chose Indonesia as its third home
After successful launches in Thailand and Taiwan, LINE is going steady in Indonesia.
Does geopolitics heighten risks of an East-West divide in the financial industry?
HSBC’s potential Asia split may signal that decoupling between the West and China is growing.
Indonesia's PermataBank names new president director
Rusli has worked for international institutions, including Goldman Sachs and Accenture.
KASIKORNBANK’s stake buy of PT Bank Maspion unlikely to dent strength: Fitch
Thai banks are on an expansion spree overseas amidst weak chances domestically.
MUFG closes HK$1.35b dual currency green term loan for Xinyi Glass Holdings
The three-year syndicated loan was 2.25 times oversubscribed.
Citi joins the Alliance for Green Commercial Banks in Asia
HKMA and the IFC jointly launched the Asia chapter of the alliance in 2020.
HSBC names Jeffrey Yap as head of investments and wealth solutions for SEA
Yap has served as interim head since November last year.
Commentary
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WealthTech vs. Banks: The battle for Asia’s $700b digital wealth opportunity
Empowering Women in Finance: Securing a Future of Opportunity