Retail Banking
OCBC appoints Melvyn Low as head of global transaction banking
OCBC appoints Melvyn Low as head of global transaction banking
He was previously ASEAN and Singapore head of treasury and trade solutions at Citibank N.A.
Here's why the abolition of good and services tax is positive for Malaysian banks
The move might offset pressure on construction loans following the cancellation of the High Speed Rail last May.
South Korean banks embark on hiring spree amidst thawing Northern ties
KB Kookmin Bank is looking for a North Korean affairs specialist to support this endeavor.
Chinese banking regulator releases long-awaited draft rules for banks' WMPs
CBIRC urged banks to manage WMPs based on net value.
MUFG Bank (Malaysia) Berhad appoints Goh Kiat Seng as executive vice president and co-head of global corporate banking in Malaysia
Goh joined the bank on 12 July from Standard Chartered Bank Malaysia.
Tightening measures are hitting APAC banks more than Basel reforms
Lenders still need to launch extensive Basel implementation plans.
Japanese banks move to halt all transactions with Iran
The move follows the exit of US from the nuclear agreement deal.
Bank Mandiri's profit up 28.7% to $843.1m in H1 2018
Strong loan growth and higher fee-based income buoyed earnings.
Chinese banks urged to accelerate lending as economy grinds to a halt
New credit as a percentage of GDP has plunged to a near-three-year low in June.
India needs to trim its bloated banking sector: CEA Subramanian
A healthy system has between three to five public and private sector banks.
Property curbs will hit Singapore banks hard only by 2019
Lenders have one more year of relief amidst previous approvals they drew down.
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...
Chinese banks new loans hit $274.91b in June
Household loans dominated monthly lending.
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.
Australian customers embrace smaller banks as top four bear brunt of scandal
Customer satisfaction was high for mid-sized lenders like Bendigo and ING.
India's PNB aims to reverse steep downfall with one-off share sale
The bank reportedly plans on selling its stake in its housing finance unit.