Retail Banking
EastWest Bank to appoint new CEO, President
EastWest Bank to appoint new CEO, President
New CEO is current strategy consultant for the bank’s parent company Filinvest.
Bank of Singapore appoints wealth planning head for Greater China
The bank has also hired a senior wealth planner, to be based in Singapore.
Foreign banks in South Korea see earnings fall in 2021
Fee and commission income shrank by over 230% during the fiscal year.
Liechtenstein’s VP Bank scales up Asian operations with new hires
The bank has appointed Johnny Heng as head of its Singapore branch.
Lockdowns threaten Chinese banks' loan quality: analyst
Exposure to the ‘vulnerable’ engineering & construction sector could deteriorate asset quality.
Mizuho taps Deloitte partner as new exec, deputy compliance officer
The appointments are effective 1 June.
Citi Global Wealth appoints new COO
Valderrabano worked with Coca-Cola prior to joining Citi.
Malaysia’s new digital banks fated to remain niche in medium term
Regulatory limits and competition make it unlikely to break into the mainstream until 2026.
Thailand bank loans up 6.9% in Q1
Corporate loans continue to grow whilst consumer loans slowed amidst the Omicron outbreak.
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.
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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?