Retail Banking
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.
How Singapore banks are closing the gender gap
Most banks have already exceeded the 2021 regional average of 18.5% employed women per firm.
Chinese depositors call to release savings from frozen assets of 6 rural banks: report
The head of these banks' parent company is on the run and wanted for financial crime.
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.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
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Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?