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UOB's net profits down 33% to $4.34b in FY2020
The group emphasized wealth and connectivity-related services as tenets for growth.
UOB's net profits down 33% to $4.34b in FY2020
The group emphasized wealth and connectivity-related services as tenets for growth.
No significant funds from Myanmar firms, individuals in Singapore banks: MAS
The regulator expects financial institutions to remain vigilant to any risk-posing transactions.
Chart of the Week: Growth of local e-commerce drives rise of e-payments in Australia
Buy now, pay later solutions are popular amongst Millennials.
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.
China's central bank offers $31b liquidity for banks' medium-term loans
The PBOC said authorities won’t make 'sharp turns' in monetary policy.
HSBC Singapore to name new CEO
Current chief Tony Cripps will become CEO of Saudi British Bank in May.
Philippine banks to offload bad loans via asset management firms
They will be granted tax incentives to cover transferring costs.
India shortlists four mid-sized banks for privatisation
Two of those lenders will be selected for sale in FY2021/2022.
Weekly Global News Wrap: Banks scramble with bitcoin as adoption soars; Amex probed for small consumer cards sales
And Germany's Commerzbank sinks into red with $3.3b Q4 loss.
Japan's banking regulator surveys lenders on impact of COVID restrictions
The regulator is reportedly seeking to prevent a huge rise in bankruptices of businesses.
Taiwan's central bank punishes Deutsche, ING, ANZ on currency speculation
They are not allowed to trade Taiwan dollar deliverable, non-deliverable forwards for a time.
Weekly Global News Wrap: Investment banking propels Deutsche Bank to 2020 profit; BNP Paribas posts $2.9b Q4 net profit
And Italy's Intesa CEO said wealth management 'too pricey' for large deals.
DBS raises sustainability finance target to $50b by 2024
Companies have doubled down on ESG commitments due to the pandemic, the banks noted.
How exponential tech drove Asian banks' business transformation
The webinar discussed trends in digitisation and how banks are effectively using data to enhance processes.
Ant Group may resume IPOs once problems resolved: report
PBOC is still investigating monopolies in the fintech company.
Weekly Global News Wrap: US regulator rules banks cannot refuse lending to certain sectors; JPMorgan beats Q4 2020 profit expectations
And Goldman Sachs mulls deals to boost consumer banking unit Marcus.
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Why Philippine banks, insurers embrace hyper-personalized services
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