Retail Banking
Bank of China Hong Kong poised to benefit from GBA: analyst
Bank of China Hong Kong poised to benefit from GBA: analyst
A possible rate hike in March will also positively affect the bank.
Why Siam Commercial Bank is transforming itself into a fintech group
With its reorganisation, the group plans to expand to a customer base of 200 million.
UnionBank to buy Citi’s Philippine consumer banking franchise for $908m
Around 1,750 Citi employees are expected to transfer to UnionBank.
Citi Vietnam appoints new country officer
Ramachandran A.S. will oversee Citi’s operations and serve as main regulatory representative.
Hong Kong’s livi bank doubles customer base to 200,000 by end-2021
Its buy now, pay later service has received over 60,000 applications.
Happy holidays, one and all!
Asian Banking & Finance will be back on 10 January 2022.
China’s new foreign-friendly financial market brimming with opportunities, but limits still abound
If authorities remove the “execution-only” restriction in WM Connect, money flows in the channel could grow ten times bigger than the $22.5b quota...
VP Bank appoints Chris Chee as Chief Risk Officer for Asian operations
He has held leadership positions in RBC Singapore, ANZ, UBS, and DBS.
Westpac hit with protest vote against exec pay plans: report
The Australian lender faces paying up to $81m for charging fees to dead people.
Why banks need more tech experts in their board rooms
Massive adoption of tech without critical tech advice from experts could spell doom for lenders.
Philippine-based BDO to reimburse 700 clients hit with online fraud
Clients allegedly lost thousands from unauthorised transfers to a UnionBank account.
Climate Risk and the Role of the Finance Sector
Climate change is the most urgent threat facing the world. It affects us all. The imminent risks are spelt out in detail in the recent IPCC Report...
Weekly Global News Wrap: Australia iffy with digital currency; JP Morgan eases overdraft fees
And UBS Switzerland to propose a new board chairman.
Bank SinoPac wins big at the ABF Retail Banking Awards 2021
Its iBranch SinoPac addressed the pain points of the traditional branch service model through the O2O digital integration process.
Weekly Global News Wrap: US bank profits dip in Q3; UBS' new CEO is a former JP Morgan exec
And Goldman Sachs to set new profit targets.
UnionBank in talks to take over Citi’s consumer banking assets in the Philippines
Discussions between the two banks are at the preliminary stage.
CIMB Group core profits more than tripled in 9M 2021
But it reported weaker quarterly performance, largely due to its $309.8m Q3 expense.
Commentary
Why high capital levels are a double-edged sword for Singapore banks
WealthTech vs. Banks: The battle for Asia’s $700b digital wealth opportunity
Empowering Women in Finance: Securing a Future of Opportunity