Retail Banking

OCBC, DBS vying for Indonesia's Bank Permata

OCBC, DBS vying for Indonesia's Bank Permata

Bank Permata’s owners are seeking a valuation 1.6x of its book value.

DBS Hong Kong launches fully virtual wealth management account

Customers can now set-up a multi-currency savings and wealth management account through their smartphones.

Australian banks' earnings to remain under pressure in FY2020

No thanks to growing customer remediation costs.

Chart of the Week: China to dominate Asia's retail lending market

The domestic market will grow at a CAGR of 13.7% from 2019-2023.

Malaysian banks still struggle with sluggish loan growth

Loans grew by just 3.8% in September amidst persistent weakness in business loans.

Building a robust model risk management framework in financial institutions

With increasing volumes of data, and the introduction of Artificial Intelligence (AI) and Machine Learning (ML) technologies, models are at the heart...

Banks rethink business models as fintechs play catch-up

To hold their ground against fintechs, banks are redefining themselves.

OCBC launches instant account opening for startups

Startups no longer have to wait for a day to have an account.

UOB profits up 8% to $1.12b in Q3

This was driven by a healthy loan growth of 8%.

Thai banks hit by sluggish growth

Earnings rose by a marginal 1% in Q3.

Australian banks may issue euro bonds to meet capital requirements

They will need to raise $34.32-41.87b worth of Tier-2 capital by 2024.

Japanese banks to undergo stress test to assess defenses: source

The banks' capital and liquidity positions will be evaluated.

How can banks WOW the next generation of wealth?

Some might still perceive millennials as a generation of teenagers obsessed with avocado toasts and fancy festivals. However, the upper bracket of...

Singapore bank headcounts rise with tech talent boosting numbers

Banking staff at Singapore’s 18 largest commercial banks grew 5.47% in the last two years.

Hong Kong cuts banks' capital buffer as protests persist

This releases an additional $25.5b into the economy.

Indonesian bank loans to accelerate 13% by 2020

Working capital and consumer loans are set to recover.