Retail Banking
Hong Kong banks can handle CRE risks: analyst
They’ve been implementing measures to lower China-related property exposures.
Hong Kong banks can handle CRE risks: analyst
They’ve been implementing measures to lower China-related property exposures.
ZA Bank unveils foreign exchange time deposit
Users can access it via the deposit page in the ZA Bank app.
Technology to underpin future of financial services
Banks should boost their online infrastructure as digital assets become the norm.
Weekly Global News Wrap: Germany won't sell Commerzbank stake; BNP Paribas buys HSBC’s Germany unit
And California Bank & Trust is acquiring $730m in deposits from FirstBank.
Thailand received 5 applications for virtual bank licenses
It expects to announce the list of successful applicants by mid-2025.
MUFG Bank fined $1.75m for info management lapses
Sister firm MUMSS was separately fined $1.4m.
Thai banks join forces with billionaires, fintechs for virtual bank bid
Shopee's parent company, and banks SCB X and Bangkok Bank are amongst the aspirants.
Taipei Fubon Commercial Bank to achieve good profitability through 2025
Low credit costs and non-interest income will lift profitability.
Siam Commercial Bank unveils special fixed deposit account
It offers between 1.6% to 2.2% interest per annum.
Chinese banks’ earnings decline narrow, but retail NPLs could be an issue
Earnings of 16 large banks are 0.5% lower than in H1 2023.
Singapore’s financial sector employment rose 4,800 in 2023
The financial sector made up 14% of Singapore’s GDP in 2023.
Bank Danamon struggles with credit costs due to subsidiary challenges
Credit costs rose to 2.8% in H1 2024.
China’s big four banks face $100b shortfall in loss-absorbing capital
The banks have not yet met their required loss-absorbing capacity levels.
Japan, Korea financial authorities hold in-person bilateral meeting
The two exchanged views about developments in their financial sectors.
South Korea’s household loans expand by $7.32b in August
There were “strong housing market activities” in the Seoul metropolitan area.
Australia’s planned AT1 phase out to have little impact on banks
If pushed through, the CET1 minimum requirement will rise to 10.50%.
Chinese small bank M&As to ramp up: Fitch
The lack of large banks in the mergers is to avoid contagion risks.