Retail Banking

Weekly Global News Wrap Up: US banks face trouble beefing up mobile base; Embattled Wells Fargo's earnings crash to $5.19b in Q2

And an Islamic banking entity with about $92b in assets may be in the works. From Bloomberg: The biggest banks’ push into mobile is running out of...

Weekly Global News Wrap Up: US banks face trouble beefing up mobile base; Embattled Wells Fargo's earnings crash to $5.19b in Q2

And an Islamic banking entity with about $92b in assets may be in the works. From Bloomberg: The biggest banks’ push into mobile is running out of...

Chinese banks new loans hit $274.91b in June

Household loans dominated monthly lending.

SIBOR set to buoy Singapore banks from slow mortgage growth

Every 10bps rise in SIBOR could offset a 1ppt slowdown in loan growth.

Myanmar steps up oversight over share acquisitions by foreign banks

Foreign investors are allowed to acquire up to 35% stake in local firms.

Australian customers embrace smaller banks as top four bear brunt of scandal

Customer satisfaction was high for mid-sized lenders like Bendigo and ING.

India's PNB aims to reverse steep downfall with one-off share sale

The bank reportedly plans on selling its stake in its housing finance unit.

Over three fourths of the Philippine population is unbanked

This translates to only 15.8 million Filipinos out of 103.3 million.

Chart of the Week: Check out how profitable Hong Kong banks were in 2017

Average NIMs of the largest lenders from 1.43% in 2016 to 1.54% last year.

Vietnamese banks' strong lending dampens capital raising activities

Loan growth of about 20% is outpacing internal capital generation.

Lending crunch fails to cripple Japan's mega banks as they join world's largest 20 lenders

MUFG is the ninth largest bank globally with a tier 1 capital of $153.04b.

7-Eleven stores in Thailand to start offering banking services

The convenience store operator is aiming to be a commercial bank agent.

Regulator zeroes in on misbehaving Australian banks issuing pension products

CBA and ANZ have agreed to pay a total $1.85m in community payments.

Property cooling measures threaten Singapore's healthy bank lending

UOB may bear the brunt of the fallout due to its greater property exposure.

Indian banks' loan growth up 12.84% in June

Lending to retail and SME buoyed embattled banking sector.

BPI revenues up 6.7% to $1.33b in Q4

Higher net interest income contributed to strong quarterly earnings.