Retail Banking
Southeast Asia’s $290b Islamic bank market poised for growth: S&P
Southeast Asia’s $290b Islamic bank market poised for growth: S&P
In Malaysia, Islamic banks may account as much as 45% of the commercial loan book.
Citi Hong Kong launches program for women seeking work after career break
Successful candidates will be placed in a range of roles based on experience and skill set.
Malaysia grants five digital bank licenses
Two will be Islamic digital banks.
RHB, Boost secure Malaysian digital bank license
Boost will own 60% of the digital bank whilst RHB will own 40%.
Singapore banks report lower earnings in unison
DBS, OCBC, and UOB all saw their profits fall 10% year-on-year.
Hong Kong banks face ‘brain drain’ as talents flee amidst strict travel restrictions
More expats may leave with their families when the school year ends mid-2022.
Weekly Global News Wrap: HSBC profits slide in 2021; UBS posts best Q1 profit in 15 years
And Swedish bank SEB signs up its first banking-as-a-service client.
Earnings challenges of Australia’s big four banks to ease: Fitch
Asset quality outcomes from the pandemic were less severe than expected.
Japan’s Shizuoka Bank maintains strong loan quality as profits continue to be weak
The bank has the strongest capitalization amongst regional banks in Japan.
Chinese banks report double-digit profit growth in 2021
But they also face a difficult 2022 due to a triple whammy of challenges.
LINE Bank marks first year in Taiwan with 1.1 million users
The digital-only bank has been popular with young people.
Lockdowns, travel bans hurl new headwinds at banks in China, HK
Banks are expected to perform well in Q1, but market risks are on the rise.
Citi unveils 12-week sabbatical leave programme for long-time employees
The programme is available to employees in Singapore, Hong Kong, and Japan initially.
Citi appoints Angel Ng as head of APAC Global Wealth Management
She takes over from co-heads Fabio Fontainha and Steven Lo.
ING appoints new APAC head of Sustainable Finance
He will be based in Singapore.
Weekly Global News Wrap: Gender pay gap in UK banks at 32.1%; Spain mulls creating consumer protection authority
And over 200,000 globally apply for internships at Goldman Sachs.
RHB appoints Mohd Rashid Mohamad as new group CEO
He formerly served as managing director of group wholesale banking.
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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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