Retail Banking
Meet ZA Bank, Hong Kong's first virtual-only lender
Meet ZA Bank, Hong Kong's first virtual-only lender
The bank’s slogan of co-creation belies a strong charm offensive of attractive deposit rates.
Citi names Lee Lung Nien as South Asia private bank head
His main task is to business development and client acquisition.
Hong Leong Bank floats extra support plan beyond end-September
Clients who will struggle to restart repaments may get an extension, based on a case-to-case basis.
Siam Commercial Bank's profits down 24% to $262.82m in Q2
The lender has set aside $305.4m of provisions given ongoing uncertainties.
Hong Kong-based wealth clients probed for pro-democracy ties
"Politically exposed persons" can have a hard time accessing banking services.
Regulator finds Westpac's non-financial risk culture “immature and reactive”
The bank is embarking on a multi-year program to address shortcomings.
Deutsche Bank's new Asia CEO picks Singapore over Hong Kong
The bank's new APAC ESG head will also be moving to the Lion City.
BEA China names new chief executive
The bank will digitalise their retail banking segment under his leadership.
Chinese lenders ask central bank to ease capital headroom
The easing would free up funds for loans to support the economy.
Thai banks' earnings down 20% in Q2: UOBKH
But banks may be able to pay dividends due to their solid capital.
Taiwan's Cathay Financial Holdings mulls raising stake in Indonesian bank
It may complete its due diligence next week.
Major Vietnamese bank signs with Temenos for digital wealth management services
It will be the first local bank to market differentiated services for high net worth individuals.
How Indonesia's biggest bank is pushing MSMEs to go international
Bank BRI recorded $33.5m in transaction value from local MSME exports in 2019.
Mastercard partners with upcoming Philippine digital-only bank tonik
The lender plans to launch with loan offerings and retail banking services in Q3.
Banks with “shattered” business models warned by regulator to adapt: report
The FSA has targeted some local lenders for “intensive dialogue”.
Credit Suisse wants whole stake in China securities venture
China has become a significant market for the bank.
Standard Chartered to add six Asian markets to IBOS network
Both parties will eventually expand to other markets where the bank operates.
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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.
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