Retail Banking
Singapore banks prefer customer deposits to current and savings accounts
Singapore banks prefer customer deposits to current and savings accounts
Deposits to current and savings accounts jumped 9-13 ppts over 10 years.
Weekly Global News Wrap Up: Middle East banks seal takeover deals worth $8b; Fed rejects countercyclical capital buffer
And Fifth Third Bancorp is set to buy MB Financial for $4.7b.
MUFG Bank consolidates Asian branch operations to Manila
The Manila office will assume operations from Singapore, Sydney and Taipei.
Philippine bank assets up 11.31% to $300.3b in Q1
Stable savings and demand deposits buoyed healthy capitalisation levels.
South Korean banks intensify inter-Korean business preparations amidst peace talks
Banks have been studying how to forge closer economic ties with the North.
Japanese banks hit by lower net interest income as loan demand dwindles
Intense Western competition is adding to the banking sector’s growing list of woes.
Fraud-hit PNB needs $1.91b in capital infusion to meet regulatory requirements
The massive capital shortage is expected to cripple loan portfolio up to 2019.
Vietnam's OCB guns for $1b market cap in Vietnam IPO
The bank intends to sell $35m of shares via private placement in Q3.
China's shadow banking crackdown buoys offshore financing market
Moody’s notes that there are limits to how much banks can substitute for lower shadow credit levels.
Which APAC banks stand the most vulnerable to US tightening?
The impact spares no market in either developed and emerging Asia.
Westpac creates executive role to handle complaints amidst ongoing probe
It promoted corporate affairs manager Carolyn McCann to the role.
Vietnamese banks gun for greater market share of consumer finance pie
The local market is expected to be worth $44b by 2020.
Singapore introduces new reporting standards for banks
It will require data collection of RMB business activities and deposit rates to be rationalised.
Can succession business lift Japanese banks out of their earnings slump?
Regional banks may lose about 60% of inheritance funds.
Bad loan cleanup push Chinese banks profits up 5.1% to $242.03b in 2017
The weighted average NPL ratio dropped from 1.65% in 2016 to 1.55% in 2017.
Singapore private banking bonuses up by as much as 7% in 2017
Bankers of the ultra wealthy can also expect bonuses in the form of stocks and shares.
Amol Gupte reveals how Citi takes the fintech revolution as a positive disruption
The bank facilitates co-creation with fintechs which helped bag seven consecutive quarters of revenue growth in Asia Pacific.
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