Retail Banking
Financial inclusion needs to be more than just about technology
Financial inclusion needs to be more than just about technology
Products need to be sustainable and scalable to meet the needs of the unbanked.
Big three banks' wealth income expanded 18% in FY2019
Wealth made up 31% of OCBC and UOB’s total income.
Bank of East Asia to review its portfolio
Profits were nearly halved in Q4 2019 due to impairment losses from mainland China.
Weekly Global News Wrap: Goldman Sachs asks clients to skip New York meet; StanChart 2019 profits up 46%
And Italy’s Intesa Sanpaolo hires global banks as advisers in suprise takeover bid.
COVID-19 to hit banks in ASEAN's tourism-reliant countries
Local lenders in Singapore and Thailand are at most risk.
Huge returns boost foreign banks' investment in India
Foreign annualised ROEs grew 9.9% in the six months until end-September.
MUFG-Morgan Stanley joint securities arm axes equities staff
Two managers and few research analysts were let go as a cost-cutting move.
Hong Leong Bank exceeds forecast with $330m net profit in H1 2020
Provisions declined with Q2 2020 net credit cost at 5bp.
Singapore banks face slower loan growth in H1 2020
The big three banks’ are expecting lower loan growth for FY20F on the back of the outbreak.
StanChart's earnings recovery to be delayed by COVID-19: S&P
The group’s target 10% RoTE will likely be delayed beyond 2021.
Krung Thai Bank faces headwinds over sluggish loan demand
Net loan growth rose 0.9% in January versus a 1.6% increase in December.
Virtual banking: ‘Unbanked' citizens a catalyst for economic reform in Indonesia
Approximately 2.5 billion people globally lack access to financial services and are forced to rely on inconvenient and often risky means to manage...
J.P. Morgan names Filippo Gori as APAC chief
He will replace Nicolas Aguzin.
Philippine central bank bolsters small lenders' capital
Small banks should allot a minimum 6% CET1 ratio and 7.5% Tier 1 ratio.
Indonesia mulls BRI merger with two state-owned finance firms
The bank will be integrated with a pawnshop chain and a micro-business money firm.
Weekly Global News Wrap: CEO changes bring in new age of European banking; Wells Fargo pays $3b settlement for fraudulent sales
And JPMorgan confident that it could withstand economic stresses.
HSBC targets overseas-minded customers with $1.4t wealth unit
They plan to focus on mortgages, wealth and insurance products, and unsecured lending.
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1. Tighter fintech watch likely after Chocolate Finance fallout 2. Singapore banks’ dividends to weather economic and global trade woes 3. UOB widens sustainable financing access for SMEs 4. YouTrip launches MYR wallet and offers free weekend shuttle service 5. Visa, USSC Money Services enable Visa Direct for cross-border B2B paymentsResource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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Why high capital levels are a double-edged sword for Singapore banks