Retail Banking
Rising interest rates births more challenges for Asia's digital banks
Rising interest rates births more challenges for Asia's digital banks
Few manage to break even, and those that do are back by conglomerates.
Weekly Global News Wrap: Citi cuts mortgage staff; Banks offer pingpong, free meals in back-to-office push
And UK officials classify $1.27b small business loans as suspected fraud.
Bank of China bad loans, capitalization ‘stable’ amidst real estate woes: S&P
BOC’s NPL ratio for mainland real estate loans rose 62 basis points in H1.
Earnings remain key weakness of Japanese banks: Fitch
Impact of rising interest rates in the US will be mixed, the ratings agency said.
APRA revokes Volt’s authorised deposit-taking institution licence
The bank first announced its closure in June.
Australian regulator removes Westpac add-on liquidity requirement
The removal of the add-on takes effect this 1 September.
Grab, Singtel-led digital-only bank GXS debuts in Singapore
It has launched a savings account with a customizable pockets feature.
CIMB Group core net profit jump 18.4% in H1
Interim dividend for the period is 13 sen per share.
Standard Bank Bangladesh unveils its first-ever sustainability report
It made use of the GRI Standards.
South Korea’s Toss Bank to raise $224.7m via new stock issuance: report
It will raise the company’s total capital stock to KRW1.35t.
Public Bank H1 profits stumble over one-off prosperity tax
This was partially offset by higher net interest income.
BEA completes sale of insurance and healthcare business
Both were sold to AIA Group.
Retail bank sales fall as digital struggles to fill branch banking hole
Digital sales rose to a new record, but could not offset fall in branch sales.
Australia’s Judo Bank on track for earnings growth
Its net interest margin is expected to be 3% over the next two years.
Citi winds down Russia consumer, commercial banking businesses
Approximately 2,300 employees will be affected, according to the bank.
Thailand’s SCBX scraps $500m deal for crypto exchange Bitkub: report
SCBX said that Bitkub needs time to fix its issues with the local regulator.
Maybank net profit down 9.2% to $415.7m in Q2
Fee-based income rose, but group braces for expected credit losses.
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