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Weekly Global News Wrap Up: US banks face trouble beefing up mobile base; Embattled Wells Fargo's earnings crash to $5.19b in Q2
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 low-hanging fruit. Bank of America Corp. added active mobile customers at a slower pace for at least the fourth quarter in a row in the three months through June. JPMorgan Chase & Co.’s active mobile customers increased 2.4 percent in second quarter. A year earlier, the jump was 4.1 percent.
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.
Asian Banking & Finance Awards 2018 recognises record number of outstanding companies
Over 250 trophies were awarded to winning banks and insurers.
Weekly Global News Wrap Up: Mastercard in talks to launch biometric payment cards; Uzbekistan opens door to Kazakh lenders
And here's how Citi's hoping to lure deposits without opening branches.
Higher mortgages loom as Singapore banks move to offset dismal lending
Some banks have been reportedly scrapping fixed deposit linked packages in favor of Sibor pegged packages.
Cooling measures to improve Singapore banks asset quality
This comes as a welcome development amidst slower loan growth.
Mastercard and Singapore's Commercial Affairs Department launch card fraud detector
Mastercard donated 10 pieces of the reader to the department.
Property cooling measures threaten Singapore's healthy bank lending
UOB may bear the brunt of the fallout due to its greater property exposure.
Singapore adds 7,800 jobs to fintech and financial services sector in 2016-2017
Growth was driven by the insurance and fund management industries.
Weekly Global News Wrap Up: SocGen snaps Commerzbank's derivative and AM unit; BofA sued over second mortgages
And a Maltan regulator has pushed for the withdrawal of Pilatus Bank's license.
Chart of the Week: Here are Asia's top trade finance banks
Bank of India is fast outpacing Japan's mega-banks.
Standard Chartered appoints Vishu Ramachandran as group head of retail banking
He was previously COO for consumer banking since 2012.
Discover the hottest trends in digital banking at ABF's inaugural Digital & Open Banking Conference
The industry's premier bankers and innovators will come together and grace the event.
DBS appoints Teck Long Tan as chief risk officer
He has been with the bank for 25 years.
CIMB Singapore debuts online application for SGD fixed deposits
It will offer promotional rates for the deposits until 31 July.
Citi launches digital reskilling programme
About 400 staff will begin training over the next 12 months.
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