Retail Banking

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.

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.