Retail Banking
Hang Seng Bank raises prime rate to 5.125%
Hang Seng Bank raises prime rate to 5.125%
HK dollar savings deposit rates with balances of HK$5,000 and above is now 0.125% pa.
APAC banking markets to tighten macroprudential policies in 2023: Fitch
Malaysia and Thailand will take steps to strengthen their mortgage sectors, said Fitch.
South Koreans’ internet banking use up 6.9% in H1
There are about 18.82 million use cases per day in Korea.
UNO Digital Bank sets its sights on being Filipinos' top virtual bank
CEO Manish Bhai said they want to be first for their Filipino customers’ financial needs.
APAC banks won’t be severely hit once Basel III regime implemented: Fitch
Jurisdictions such as Vietnam, Sri Lanka, are lagging behind with adoption.
St. George Bank tops Australian banks in digital experience net satisfaction: study
Auswide Bank received a negative net satisfaction score for their range of digital products.
HSBC names Sharnika Silva as SEA head of trust and fiduciary services
She has worked with HSBC Trustee for 15 years.
Australian regulator grants IN1Bank a second extension on restricted ADI license
The digital bank is still aiming to get a full license by the end of the year.
Weekly Global News Wrap: Citi to divest Mexico consumer arm via sale or IPO; Wells Fargo hires third-party race auditor
And China’s homeowners rush to offload mortgages.
HDBank’s plan to buy unnamed “weak bank” to weaken loss buffers: Moody’s
Little is known about the target bank and what incentives Vietnamese authorities offer.
Citi, Yahoo launch personal finance hub Life and Money
It is hosted on Yahoo Finance in Singapore.
Rising interest rates births more challenges for Asia's digital banks
Few manage to break even, and those that do are back by conglomerates.
Weekly Global News Wrap: Citi cuts mortgage staff; Banks offer pingpong, free meals in back-to-office push
And UK officials classify $1.27b small business loans as suspected fraud.
Bank of China bad loans, capitalization ‘stable’ amidst real estate woes: S&P
BOC’s NPL ratio for mainland real estate loans rose 62 basis points in H1.
Earnings remain key weakness of Japanese banks: Fitch
Impact of rising interest rates in the US will be mixed, the ratings agency said.
APRA revokes Volt’s authorised deposit-taking institution licence
The bank first announced its closure in June.
Australian regulator removes Westpac add-on liquidity requirement
The removal of the add-on takes effect this 1 September.
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