Retail Banking
MUFG Bank raises stake in Bank Danamon to 40%
The bank is now a controlling shareholder with 40% interest.
MUFG Bank raises stake in Bank Danamon to 40%
The bank is now a controlling shareholder with 40% interest.
Ailing Indian banks shore up on fees from non-maintenance of minimum balance
State Bank of India led the pack in collecting customer penalties.
OCBC profits up 16% to $885.47m in Q2
Its retail, wealth management, and insurance units performed well.
Singapore retail and wealth banks shun digital as they ramp up Q2 hiring
Relationship managers in bancassurance were in hot demand.
Bank Rakyat Indonesia profit up 11% to $1.03b in H1
Loans posted double digit growth at 15.5%.
Japanese banks jumpstart SEA expansion in bid for survival
Juroku Bank and Ashikaga Bank opened a Hanoi and Bangkok unit.
Australia's big banks defy mortgage hike trend
ANZ and CBA have lowered their mortgage rates to boost lending.
Malaysian banks loan growth remains dismal at 5% in June
Working capital loans failed to recover fast enough.
UOB profit up 28% to $788.49m in Q2
Earnings were boosted by net interest income which hit $1.54b.
New AM rules to halt rapid slowdown in Chinese bank credit
Authorities are softening the impact of deleveraging through looser guidelines.
Bloated corporate loan books drag down Philippine banks
The retail loan segment offers a way to diversify their lending.
DBS profit surges 20% to $1.37b in Q2
Strong consumer and non-trade corporate lending offset weak trading income.
Krung Thai Bank and Kasikornbank hit by data leak
However, no financial damage has been found.
Hong Kong trails behind Singapore in ease of bank account opening for non-locals
Startups, SMEs, and foreign nationals lament the inefficiency.
Philippine banking assets up 12.2% to $292.95b in May
A surge in deposits drove banking gains.
Hong Kong bank loans up 0.9% in June
IPO loans worth $1.95b drove lending gains.
Weekly Global News Wrap Up: Fintech firms can soon win US bank charters; Credit Suisse charged with rigging forex rates
And here's the key behind Standard Chartered's profit surge.
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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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