Retail Banking
Losses mount for Japanese banks as foreign bonds weaken
Losses mount for Japanese banks as foreign bonds weaken
Lenders are running out of options to combat the ultra-low interest rate environment.
OCBC debuts all-digital account application
There will be no need to provide documents as it can easily link to national data repository MyInfo.
Blockbuster IPOs buoy Hong Kong loans 17.1% in April
The city is hosting the back-to-back flotations of Xiaomi and China Tower.
Philippine bank lending surges 20% to $141.95b in April
Loans to wholesale and retail trade rose 22.7% to $19.43b.
2018 Retail Banking Forum concludes 4-city road show in Bangkok
More than 90 delegates from Thailand's major banks graced the event.
Embattled ANZ faces criminal cartel charges
The bank is grappling with a $2.3b share issue alongside underwriters Deutsche and Citigroup.
Thai bank loans up 4.7% in Q1 as SME lending strengthens
The monthly growth was led by lending to the food and energy sectors.
Myanmar to grant license to 4 private banks
The move is the latest in the government’s push to liberalise the financial sector.
CIMB debuts one-minute car financing approval feature
A notification via text and email is delivered to the customer upon approval.
New accounting standards pose risks to Singapore banks' profitability
Lenders face higher credit reserve requirement under the FRS109.
UOB rolls out monthly ‘digital clinics' to help businesses digitise
Tech experts will provide companies with tailored digital strategies to improve productivity.
Indian banks forced to a halt as employees go on strike
Employees slammed what they called “meagre” 2% pay hike.
New Zealand regulator sees no need for Australia-style banking inquiry
Even though the country’s four biggest banks are units of Australian lenders.
Singapore bank lending up 0.8% in April
Consumer and corporate loans edged up slightly.
Transact with BOCHK ATMs using finger authentication
Bank of China (Hong Kong) Limited’s finger vein authentication offers an answer to the rising security threats looming over Asian retail banking.
CIMB Group profit up 11% to $328.38m in Q1
Lower opex and provisions buoyed quarterly earnings.
China regulator carries out inspections to sniff out shadow banking activity
Some trust companies halted their channel business amidst intensified scrutiny.
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