Retail Banking
Australian bank inquiry could cut 8% of the country's finance jobs
Massive job cuts may be tantamount to losses seen during the 2008 global financial crisis.
Australian bank inquiry could cut 8% of the country's finance jobs
Massive job cuts may be tantamount to losses seen during the 2008 global financial crisis.
Is the worst over for Thai banks?
The sector is poised for profitability as it nears the end of the bad loan cycle.
Japanese banks reportedly mulling joint ATMs to cut massive losses
Declining loan demand is squeezing the profits of the country's lenders.
Philippine banks profits up 17.8% in Q1
Higher earnings from trading buoyed non interest income to $691.53m.
Hong Kong banks face heightened risks from close Chinese ties: Fitch
The credit rating agency noted that China's governance standards are lower than Hong Kong's.
CBA to shell out $18.67m in penalties for rate manipulation
The embattled bank has been accused of rigging the Bank Bill Swap Rate.
Wealth management fees buoy Singapore banks earnings in Q1
DBS, OCBC, and UOB all registered double-digit growth in fee income.
Housing downturn pushes Australian banks' credit growth down to 5.1% in March
Residential credit accounts for more than 60% of the banking system’s overall credit.
Higher interest expenses curbed BPI's growth in Q1
Net interest income fell from 13% to 9%.
Krung Thai Bank profits crash 21% to $211.67m in Q1
Loan growth remain subdued dragging net interest income to 6%.
Siam Commercial Bank profits down 5% to $354.87m in Q1
Higher operating expenses due to staff costs and digital efforts hit the bank’s earnings.
Weekly Global News Wrap Up: BNP Paribas profit falls 17% in Q1; BofA pushes for cashless payments
And Greece's top banks would lose $18.6b of capital under stress.
Australian banks face heated competition as first digital-only player enters fray
The country’s regulator has granted fintech bank Volt license to operate.
OCBC rolls out $20m digital upskilling programme
The OCBC Future Smart Programme will be available for the bank’s 29,000 employees across the world.
ANZ scraps financial planner bonuses amidst ongoing probe
Testimony by a company employee revealed that around 5% of the bonuses are “inappropriate".
Westpac hit by lower mortgage growth in H12018
The cooling housing market has squeezed profits from the residential segment.
China regulator slaps three banks with $29m fine for industry malpractice
The banks violated proper lending practices amongst other multiple transgressions.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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