Retail Banking
Axis Bank’s Citi purchase to improve profits long-term: S&P
Axis Bank’s Citi purchase to improve profits long-term: S&P
Positive effects will only be felt starting fiscal year 2025 and onwards.
Axis Bank to buy Citi’s Indian consumer business for $1.6b
Axis Bank expects to gain more or less 3 million customers.
China’s largest banks resilient to negative shocks in 2022: Natixis
Government stimulus is expected to support loan growth throughout the year.
Bank of China shifts attention back to mainland for growth: S&P
Traction from its wealth management business will support profits.
DBS China appoints Ginger Cheng as new CEO
Current CEO Neil Ge will be retiring from the bank at the end-June 2022.
MUFG Bank joins think tank for CO2 and storage capture tech
CCS is expected to play a role in reducing CO2 emissions in the world.
1 in 4 retired investors interested in digital wealth management services: study
Wealth managers are called to ramp up digital services for retired investors.
Gov't support, high vax rates buoy Korean banks’ asset qualities: Fitch
But increased competition in lending may give rise to risks in the long-term.
Could China’s financial infrastructure play 'white knight' to embattled Russia?
Any move to play saviour could also damage China, warns Natixis.
Over 2 in 5 Citi Asia women bankers in senior roles
In Taiwan, 60% of its female employees are AVPs and MDs, according to Citi.
Commonwealth Bank of Australia sells 10% stake at Bank of Hangzhou for $1.3b
CBA has agreed to maintain a 5.57% shareholding in the bank until Feb 2025.
Standard Chartered India appoints Saurabh Jain as new WM head
Jain first joined Standard Chartered in 2019 as CEO of its Indian securities business.
Chinese banks urged to support affordable rental housing dev't: report
This comes after Beijing vowed to keep the property market stable.
Uncertainties arising from Ukraine invasion threaten Asian banks’ asset quality: analysts
Impact on the financial market will ultimately depend on how events will unfold in the coming days.
Standard Chartered names global heads for CPBB business
Xie Wen and Mohamed Kerain are tasked with growing SC’s CPBB business.
Thailand banking system rallies to higher profits in 2021
Net profit is 23.6% higher compared to 2020.
Weekly Global News Wrap: Commerzbank profits better-than-expected; Goldman Sachs raises financial targets
And US investment banks turn bullish on China.
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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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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
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Empowering Women in Finance: Securing a Future of Opportunity