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Weekly Global News Wrap: US bank profits dip in Q3; UBS' new CEO is a former JP Morgan exec
And Goldman Sachs to set new profit targets.
Weekly Global News Wrap: US bank profits dip in Q3; UBS' new CEO is a former JP Morgan exec
And Goldman Sachs to set new profit targets.
Goldman Sachs, Amazon launch suite of cloud-based data and analytics solutions
Institutional clients may accelerate time-to-market financial applications.
South Korea’s corporate loan growth quickened in Q3: report
This was thanks to a rise in loans made to the service sector during the period.
UnionBank in talks to take over Citi’s consumer banking assets in the Philippines
Discussions between the two banks are at the preliminary stage.
CIMB Group core profits more than tripled in 9M 2021
But it reported weaker quarterly performance, largely due to its $309.8m Q3 expense.
Sukuk issuance slowdown may dawn earlier over Omicron variant: Fitch
Uncertainty over Omicron's impact may drive this slowdown.
Banking woes dampen Singapore MSMEs overseas ambitions
Only 2 in 10 Singapore micro-multinationals think banks offer value for money.
Could fintechs overtake banks in the digital financial service space?
The Internet boom has pushed 9 out of 10 digital merchants to accept digital payments.
Buy now, pay later more needed in markets with credit under penetration: UOB TMRW exec
It’s not as urgent as other markets with credit under-penetration, says TMRW Digital Group CCO.
Philippine financial regulator mulls offline digital payment solutions
The move is part of the BSP’s Digital Payments Transformation Roadmap.
Is cash still king? Digital payments eroding cash’s dominance in SEA
Internet economy in SEA has propelled digital payments further.
New Zealand’s card payments market to rebound 10.3% in 2021
The market is expected to top $83.2b in four years’ time.
South Korean banks’ average mortgage rates hit three-year high: report
The 3.26% interest rate average is its highest since November 2018.
Deutsch Bank Wealth Management announces three new leadership appointments
Felicia Tan and Edmund Lee join from BNP Paribas; Dita Darmawan, from UBS.
Online shopping drives expansion of alternative payments’ use in APAC
China’s alternatives will account for 70% of e-commerce transaction value in 2021.
Weekly Global News Wrap: JP Morgan CEO apologises for CPP joke; Leadership shake-up tests Mexico’s financial regulator
And China urges lenders to extend support to advanced manufacturers, other industries.
DBS’ suffers digital bank service glitch; MAS mulls taking supervisory action
DBS Country Head Shee Tse Koon has apologised for the disruptions.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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