Retail Banking
Weekly Global News Wrap Up: European banks' battles continue; JPMorgan's physical branches vital to expansion
And BoA, Citigroup review policies allowing credit cards to buy bitcoin.
Weekly Global News Wrap Up: European banks' battles continue; JPMorgan's physical branches vital to expansion
And BoA, Citigroup review policies allowing credit cards to buy bitcoin.
ASEAN banks brace themselves from giant Chinese tech companies
These tech players venture into fintech using data from ecommerce.
58% of APAC banks aspire to reach digital maturity by 2020
They focus on digital innovations to improve risk management.
Bank J. Safra Sarasin Singapore appoints Vinay Gandhi as CEO
The Ultra High Net Worth (UHNW) division in Asia will report to him.
Siam Commercial Bank revamps digital banking efforts
It aims to expand its mobile banking user base to 10m by 2020.
Hong Kong banks may need to lift deposit and interbank lending rates
No thanks to higher funding required for retail deposits.
RHB unveils corporate debit card to reduce cheque and cash payments
The initiative is meant for business payments made to government agencies.
CIMB raises fixed deposit and lending rates
This is in response to Malaysia's central bank's 0.25% rate hike.
Citi's APAC consumer bank revenue up 7% at $7.3b in 4Q17
It is their sixth consecutive quarter of growth.
Kiatnakin Bank to focus on high-yield loans to boost income
Solid earnings will continue in 2018.
Chinese banks struggle with tighter liquidity conditions in 2018
Medium and small-sized banks are more vulnerable to these conditions.
Kasikornbank may need higher provisions on credit losses
Its IFRS 9 compliance detected a high-risk loan portfolio from high exposure to SMEs.
Malaysian banks' 2018 net profit growth slows to 7.2%
This is compared to a stronger 13.0% in 2017.
CIMB approves Malaysian banks' interest rate hike
The bank believes it is well-equipped to implement the rate growth.
India to put nearly $14b into state banks by March
In return, the banks must implement reforms to boost lending and solve bad debt.
Deutsche Bank hires new managing directors for its wealth management Global South Asia business
Rasik Ahuja, Sagar Sapra, and Swapnil Mishra are the three new managing directors.
Bangkok Bank 4Q17 net profit edges up 3% YoY to $269m
Overall operating earnings expanded by 9%.