Retail Banking
Weekly Global News Wrap: US Fed stress test clears banks for stock buybacks; EU leaders promise to complete banking union someday
Weekly Global News Wrap: US Fed stress test clears banks for stock buybacks; EU leaders promise to complete banking union someday
And banking jobs in Frankfurt are falling despite boost from Brexit.
Weekly Global News Wrap: HSBC sells French retail arm; Goldman Sachs floats Britain transaction bank
And Visa agrees to buy banking platform Tink.
HSBC aims to be Asia’s top wealth manager in five years: report
HSBC’s Trista Sun expects 500 million middle class Chinese by 2025.
Baiduri Bank’s margins likely tepid in 2021, but with profits satisfactory: S&P
The bank is expected to see moderate credit growth and satisfactory profits.
Philippines’ Security Bank celebrates 70th year anniversary
The bank has launched the “Better Banking” brand campaign to complement this.
Chinese banks warned against rising bad debt as measures subside
CBIRC also warned against emerging local real estate bubbles.
China orders banks, insurers to draft 'living wills': report
This is to ensure that troubled financial institutions won't end up needing costly bailouts.
UNObank clinches Philippines’ third digital bank license
Parent DigibankASIA will work alongside partners Mambu, Backbase, and AWS in developing its services.
HSBC plans to split leadership of Asia with two co-heads: report
Wong protege David Liao and India’s Surendra Rosha are rumored to become co-heads.
Taiwan’s banking sector stable despite recent COVID infection spike: Fitch
All local banks’ outlooks remain stable thanks to Taiwan’s economic resilience.
Significant gaps remain in financial accessibility, awareness: study
Over half of both unbanked and banked individuals feel that they are underserved, Mambu’s study found.
Vietnamese banks’ profits to improve: Moody’s
Higher yields from their retail loans will push up earnings.
Philippines’ newest neobank aims to disrupt the industry with a dash of personality
Tonik Digital Bank wants to become the first bank brand in the country with “a sense of humor.”
HSBC exits US mass market retail banking, sells 90 branches
All personal, advance, and retail business banking customers with turnover below $5m are affected.
Weekly Global News Wrap: Long journey for EU banks' green goals; Wall Street banks to flaunt resilience before Congress
And Greece's Alpha Bank taps JPMorgan, Goldman Sachs for plans to boost capital.
Global banks on a hiring craze as they vie for rich Asians’ assets
HSBC, Goldman Sachs, and Citi are all eyeing a piece of the region's trillion-dollar financial market.
Qatar National Bank continues to be largest bank in MEA: S&P
It is also the 100th biggest bank globally.
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