Retail Banking
Weekly Global News Wrap Up: Australian banks risk misconduct exposure; Deutsche Bank to cut more jobs
And UBS hikes Asia investment banking bonus pool.
Weekly Global News Wrap Up: Australian banks risk misconduct exposure; Deutsche Bank to cut more jobs
And UBS hikes Asia investment banking bonus pool.
DBS expects loans to grow 7% in 2018
Higher interest rates are seen to kick net interest margin up.
DBS acquires ANZ's wealth management and retail banking business
Migration is completed in Singapore, Hong Kong, Mainland China, Taiwan, and Indonesia.
Hang Seng Bank unveils 1-year fixed-rate mortgage plan
It offers a rate of 1.68% per annum.
Deleveraging helps moderate China banks' growth
Loan growth may moderate by 1-2 ppt in 2018.
Big Hong Kong banks lock mortgage rates amidst Fed hike worries
HSBC and BOC locked their rates at 1.68% which is lower than the industry standard of 2.15%.
Agricultural Bank of China to achieve 8% loan growth in 2018
It also expects $138b of new loans.
India discovers $3.6b of banks' hidden bad loans: Bloomberg
This amplifies concerns about underreporting and distress in the financial sector.
Bank Mandiri's 4Q17 profits up 211% YoY to $411m
This is on the back of lower provisions and solid non-interest revenue.
Malaysian banks to shift focus on investing in digitalisation
66% of banks eye digital maturity by 2020.
Foreign Indian banks are more transparent than local peers
Their transparency compliance came close to perfect at 99% in 2017.
2 in 5 banks likely to pursue joint ventures to boost digitisation efforts
This will result in greater industry collaboration between banks and e-commerce players.
SFC slaps Credit Suisse with $39.3m penalty
The bank self-reported its various internal control and systems failures to the regulator.
Are Singapore's big banks out of the slump?
Higher interest rates and rising wealth to push double-digit profit growth.
DBS Group's 2017 net profit soars 4% to a record $3.3b
Thanks to broad-based growth in loans and fee income.
BNZ launches new 1-year fixed term interest rate
The new 4.39% per annum rate aims to give customers flexibility.
40% of APAC banks to focus on fighting application fraud in 2018
60% experience fraud using synthetic identities.