Singapore
Which Singapore bank will be hit the hardest by USD strength?
Which Singapore bank will be hit the hardest by USD strength?
Its profits could decline by up to 1.7%.
Citi names Fabio Fontainha ASEAN head of consumer banking
Citi has appointed Fabio Fontainha ASEAN Head of Consumer Banking, effective December 1. Fabio will be based in Singapore and will report to Anand Selva, Head of Asia Pacific Consumer Banking. Citi’s Consumer Banking heads in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam will report to Fabio. Fabio joined Citi in 1994 as a Management Associate in Rio de Janeiro, Brazil. He has held a number of senior roles, including Head of Consumer Banking in Malaysia, Head of Sales & Distribution and Consumer Investments in Japan and in International Personal Banking for Latin America. Having spent nine years working for Citi in Asia, Fabio returned to Brazil in 2013 tasked with restructuring the retail operation. Fabio is currently the Head of Consumer and Commercial Banking for Latin America.
Weekly Global News Wrap Up: Citi, JPMorgan named systemically important banks; HSBC launches private banking in Australia
And Wells Fargo's new account openings almost halved in October.
Bank of Singapore to open a branch in Dubai in the first quarter of 2017
It will be located at the Dubai International Financial Centre.
Swiss bank Julius Baer recruits 20 bankers from 1MDB-linked BSI
They are wealth managers of non-resident Indians.
Weekly Global News Wrap Up: BNP Paribas outperforms European peers in the US; Wells Fargo to launch roboadvisor tech by 2017
And will UniCredit and Societe Generale merge soon?
iPay you now: Singapore's millennials demanding mobile wallets
Millennials demand faster and easier ways to pay.
Asian Banking and Finance Insurance Asia Awards 2017 now open for nominations
The deadline for nominations is on 13 January 2017.
Citi to launch digital wallet in Singapore and Australia in late November
It will also launch in the US in early 2017.
Aetna International's MD Derek Goldberg talks of challenges in Asia's insurance industry
He also reveals three key goals for the company.
How can banks deal with the challenges of digitalisation in Asia?
New technology companies looking to break into the financial services sector are bringing fresh competition for banks – prompting a new era of digital innovation. But how can banks take advantage of this innovation and stay ahead of the competition?
Which Singapore bank will benefit the most from a Fed rate hike?
Its net profit could rise 1.7%.
Weekly Global News Wrap Up: $3m stolen in Tesco cyber theft; Wall Street's prospects for year-end bonuses improving
And Fed says banks tightened commercial property lending standards in Q3.
Citi launches partnership with Airbnb in Singapore
It will also be launched in Australia, Indonesia, Taiwan, Thailand and the Philippines.
Here's a rundown of Singapore banks' 3Q16 results
Better cost management offsets higher provisions due to deteriorating asset quality.
OCBC turns to wealthy clients to cover compliance costs
The bank's compliance-related expenses are rising 35% annually.
Weekly Global News Wrap Up: Deutsche Bank bids for HSH Nordbank' $3.5b debt portfolio; Shadow banks take mortgage market by storm
And Japan's MUFG launches new business in the Americas.