Singapore

And Nigeria’s central bank has injected $210m into the interbank foreign exchange market. From Reuters: Swiss bank UBS disappointed investors on Monday with first-quarter results that revealed strong earnings at its investment bank, while its flagship wealth management business missed forecasts. UBS’s wealth business, which was merged into one global division this year, netted 19 billion francs in new money but fell short of expectations with pre-tax operating income of 1.13 billion francs. Wealth management’s disappointing performance, plus its higher costs and UBS’s cautious outlook, put pressure on the bank’s shares which fell as much as 4 percent. 

Two Asian countries snagged the top two spots.

Strong corporate demand especially in real estate and hospitality industries are poised to drive growth.

MUFG Bank has appointed Janice Chua as managing director & head of Asian Operations Division (AOD).

Banks that focus on customers over products have the best shot at standing up to Amazon's juggernaut when it steams into their market.

Rising property loans and household indebtedness may pose problems for banks’ balance sheets soon. Higher levels of property exposure are raising the associated risks for Asia Pacific’s banking sector with Australian and New Zealand banks exhibiting the highest residential property risk, according to credit rating agency Fitch. Risks will remain high in the two markets as household debt grows due to rising home prices, driving future growth prospects for property loans.

DBS, ANZ, Kasikornbank, and ICBC are amongst the participants.

Banks are set to benefit from rising loans which grew 10%, as well as higher SGD and USD interest rates.

Find out which banks may face difficulty amidst a lack of long-run historical data.

Banking executives today not only have to deal with running the bank, but also transforming it to grow in a sustainable manner. Banks have to balance these goals against the exigencies of the day, and those that are able to do so will be amply rewarded. This holds true for all banks, even those operating in Southeast Asia (SEA).

With the constantly changing technology and client behaviour, the WM sector must digitally keep up.

Customers can now inquire about OCBC’s services through a Google Assistant.

CCB and AIA collaborated to offer blockchain-powered bancassurance products.

And it's the start of a good year for BofA as profits rose 34% in Q1.

Approximately 55-80% of customers are considering opening an account in a digital-only bank.

The region has attracted more fintech investments than North America and Europe.