Retail Banking
Wealth management fees buoy Singapore banks earnings in Q1
Wealth management fees buoy Singapore banks earnings in Q1
DBS, OCBC, and UOB all registered double-digit growth in fee income.
Housing downturn pushes Australian banks' credit growth down to 5.1% in March
Residential credit accounts for more than 60% of the banking system’s overall credit.
Higher interest expenses curbed BPI's growth in Q1
Net interest income fell from 13% to 9%.
Krung Thai Bank profits crash 21% to $211.67m in Q1
Loan growth remain subdued dragging net interest income to 6%.
Siam Commercial Bank profits down 5% to $354.87m in Q1
Higher operating expenses due to staff costs and digital efforts hit the bank’s earnings.
Weekly Global News Wrap Up: BNP Paribas profit falls 17% in Q1; BofA pushes for cashless payments
And Greece's top banks would lose $18.6b of capital under stress.
Australian banks face heated competition as first digital-only player enters fray
The country’s regulator has granted fintech bank Volt license to operate.
OCBC rolls out $20m digital upskilling programme
The OCBC Future Smart Programme will be available for the bank’s 29,000 employees across the world.
ANZ scraps financial planner bonuses amidst ongoing probe
Testimony by a company employee revealed that around 5% of the bonuses are “inappropriate".
Westpac hit by lower mortgage growth in H12018
The cooling housing market has squeezed profits from the residential segment.
China regulator slaps three banks with $29m fine for industry malpractice
The banks violated proper lending practices amongst other multiple transgressions.
Hong Kong loan growth extends climb after rising 15% in March
This represents the fourteenth consecutive month of double-digit annual growth.
Singapore banks poised for widening NIMs
DBS and UOB posted sequential 5bps and 3bps widening respectively in Q1.
Hong Kong amends bank disclosure rules to meet Basel III standards
It enhances transparency and comparability requirements.
China banks' time deposits up but loans slow in Q1
Accounts with specified maturity dates rose 11.8% for ICBC, 7.5% for CCB, and 6.2% for ABC.
Singapore urges caution against intensified phishing attempts
Some emails are claiming to come from the central bank itself.
OCBC profits up 29% to $1.11b in Q1
Higher income from wealth segment and loan related activities buoyed earnings.
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