Retail Banking
Chart of the Week: Philippine banks' loan growth to slow to 11% in 2019
Chart of the Week: Philippine banks' loan growth to slow to 11% in 2019
                                                                                                 
                        
                          Lending growth fell to an eight-year low in May.
                    
                                        
                    
                Weekly Global News Wrap Up: UBS Q2 profit hits five-year-high; BofAML shells out $40m fine: report
                                                                                                 
                        
                          And Spain’s Banco Santander finds refuge in the Americas.
                    
                                        
                    
                Bankers are earning less than construction workers in Japan
                                                                                                 
                        
                          The average wage of 102 listed banks and insurers dropped 1.4% since 2016.
                    
                                        
                    
                Asian Banking & Finance Awards recognises record number of outstanding companies
                                                                                                 
                        
                          More than 270 senior banking executives graced the event.
                    
                                        
                    
                Digital wealth manager Syfe launches in Singapore after $5.2m seed round
                                                                                                 
                        
                          It also got its Capital Markets Services Licence.
                    
                                        
                    
                Weekly Global News Wrap Up: UK banks hit by Brexit-induced investment slowdown; Deutsche Bank to pay $197m to settle bribery case
                                                                                                 
                        
                          And BNP Paribas will pull out from financing private prison firms.
                    
                                        
                    
                Vietnamese banks eye offshore capital to meet Basel II regulations
                                                                                                 
                        
                          Tien Phong Commercial Joint Stock Bank could seal Vietnam’s first USD-denominated note issuance.
                    
                                        
                    
                Japanese regional lenders tie up to combat low interest rate environment
                                                                                                 
                        
                          Bank of Yokohama and Chiba Bank’s agreement include retail banking, database marketing and M&As.
                    
                                        
                    
                DBS is betting big on India
                                                                                                 
                        
                          By refusing to ditch the physical bank branch and prioritising the improvement of its mobile offerings, DBS has fully embraced the phygital model in...
                    
                                        
                    
                Malaysian banks' core net profit fell 2% in Q1
                                                                                                 
                        
                          AMMB’s net profit crashed 36%.
                    
                                        
                    
                Hong Kong's laid off banking expats struggle to find jobs
                                                                                                 
                        
                          Expats may turn to lower-paying options following Deutsche and Nomura's job cull.
                    
                                        
                    
                Weekly Global News Wrap Up: Societe Generale reportedly eyeing to sell UK private banking arm; Wells Fargo slapped with $6.61m fine in Ireland
                                                                                                 
                        
                          And bank licensing boom hits South Africa.
                    
                                        
                    
                Are Indonesian banks' digital journeys paying off?
                                                                                                 
                        
                          Lenders are introducing self-service lounges, cardless withdrawals and biometrics to grow their millennial client base.
                    
                                        
                    
                Hong Kong lenders shrug off virtual banking threat
                                                                                                 
                        
                          Account fees, which were waived, represent only a negligible income source.
                    
                                        
                    
                Japanese banks foray into big data through personal info brokering
                                                                                                 
                        
                          Sumitomo Mitsui Trustbank received approval to operate an information bank.		Japanese banks are entering a new era as they go into personal info...
                    
                                        
                    
                Hong Kong banks to scrap minimum balance fees
                                                                                                 
                        
                          HSBC, BEA, StanChart, and Hang Seng did the move in anticipation of stiffer competition from virtual lenders.		Amidst the rise of virtual banks, three...
                    
                                        
                    
                UOB ties up with fashion e-commerce platform Zilingo
                                                                                                 
                        
                          Zilingo merchants and manufacturers can directly access UOB's banking solutions.