Retail Banking
China hopes for stability through stricter FHC rules: report
China hopes for stability through stricter FHC rules: report
The rules will also hopefully insulate firms' finances from other risks.
Clear skies ahead for Aussie banks as economy improves
Banks can withstand NPL growth due to loan loss reserves.
HSBC Singapore names new global liquidity head
Winnie Yap will be responsible for treasury solutions for Singapore firms.
Hong Kong's ZA Bank crosses 300,000 users, 4% of city's population
The bank has given HK$650m in loans.
Mizuho sets up committee to probe system failures
The failure has hurt the firm's credibility, it says.
DBS CEO Piyush Gupta's pay down 24% in 2020
His cash bonus dropped by 27% amidst cutbacks in the bank.
UOB to raise pay, floats promotions for 98% of bank's employees
Review of compensation packages for senior management will be considered later.
Five of world's 10 largest banks are in China: report
The Industrial & Commercial Bank of China has almost $5t in total assets.
Weekly Global News Wrap: EU banks to float 'green' indicator next year; Citigroup revises earnings after Revlon ruling
And Goldman Sachs reboots cryptocurrency desk following Bitcoin boost.
Commerzbank mulls exit from Hong Kong, other Asian locations
Asia sales activities will be bundled in Singapore.
DBS appoints Abdul Raof Latiff as new DBS Malaysia country head
They also appointed a new Group Head of Digital for Institutional Banking last January to replace Latiff.
CIMB posts $293.5m net profit for FY2020
Higher loan provisions affected the bank's performance.
OCBC net profits down 26% to $3.59b in FY2020
CEO Samuel Tsien maintained a cautious outlook for the economy’s recovery.
UOB's net profits down 33% to $4.34b in FY2020
The group emphasized wealth and connectivity-related services as tenets for growth.
Citigroup mulls divesting some APAC retail banking units
Revenue from consumer banking in the region declined 15% in Q4.
Australia's Bank of Queensland to acquire ME Bank for A$1.3b
This ramps up BoQ’s competitiveness via increase geographic diversity and scale of operations.
HSBC Singapore to name new CEO
Current chief Tony Cripps will become CEO of Saudi British Bank in May.
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1. UOB to take legal action against Yang Kee Logistics’ ex-CEO 2. OCBC to finance $10.9b of investments to UK growth sectors 3. Singapore’s financial sector turns to contract hiring for cost control 4. ANZ moves up incoming CEO Nuno Matos’ start date to May 12 5. India’s credit card spend slumps 9% MoM to 7-month lowResource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
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