Retail Banking
Bank of East Asia posts 53.2% profit jump to HK$1.5b
Bank of East Asia posts 53.2% profit jump to HK$1.5b
Lower impairment losses in Mainland China caused the surge.
Virtual banks unlikely to threaten incumbent ASEAN banks: Fitch
Their digital edge, branchless model, and cost-efficiency plans give little edge against established lenders.
ANZ Bank adds $500m to provisions in Q3
This adds to the earlier $1.21b provision.
Pandemic disrupts digital banks' momentum in Asia
Their target markets have been severely hit by the pandemic.
Deutsche Bank names Huynh Buu Quang as Vietnam country chief
The bank had earlier announced plans to invest in the country.
PBOC injects cash into banks to ease stress
It added $101b (CNY700b) of one-year funding via the medium-term lending facility.
Adapting to the New Normal: A Response to COVID-19
It is fair to say that financial institutions have, with technology, largely succeeded with stopgap measures in the initial drive to adapt to the new...
Australian wealth management firm AMP's net profit at $145.75m in H1
Its underlying profit fell by 41.8% compared to the same period in 2019.
HSBC Private Banking names market heads for Singapore, Malaysia
Both are based in the Lion City.
Australia's wealth managers lower fees as robo-advisory takes flight
HNW clients are losing trust that the traditional way yields the best returns.
OCBC, Amundi float dollar cost averaging fund in Singapore
It leverages the cost-averaging effect when it allocates assets to equity ETFs.
End of moratoriums to rain carnage on Singapore banks' H2 prospects: analyst
Loan moratoriums are set to expire in H2, putting asset and loan quality at risk.
Majority of Singaporeans now take professional financial advise: study
More than 80% said that they now prioritise seeking financial advice before a major decision.
OCBC's H1 net profit plunges 42% to S$1.43b
Q2 group net profit picked up 5% from Q1 but crashed 40% from a year earlier.
HSBC Singapore reopens revamped premier centre
This is part of efforts to upgrade premises in the country.
Kakao Bank's earnings skyrocket ninefold in Q2
The bank’s outstanding loans came at $14.9b as of end-June.
DBS' H1 net profit nosedives 26% to S$2.41b
The bank has cast aside S$1.26b to bolster its balance sheet.
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