Retail Banking
Shareholder support key for Hong Kong virtual banks to weather failure risks
Six out of the eight virtual banks in the city reported narrower losses in 2022.
Shareholder support key for Hong Kong virtual banks to weather failure risks
Six out of the eight virtual banks in the city reported narrower losses in 2022.
Korean banks’ net income jump 24% in Q1
Interest income declined as a result of interest rates falling during the period.
UBS to finalise Credit Suisse acquisition by 12 June
After the acquisition, Credit Suisse and American Depositary Shares will be removed from SIX and NYSE.
BOCHK warns customers against phishing messages, fake app
The case has been reported to the HKMA and the police.
Banking on customer experience
By Ricky Kapur, Head of Asia Pacific, Zoom
Deposit war squeezes Malaysian banks’ margins
There is a steady outflow of savings deposits into higher-yielding fixed deposits, says S&P.
PwC, StanChart release analysis on CBDCs' role in future banking
The paper highlights CBDCs programmability and how they can revolutionise retail, trade, and supply chain finance.
Public Bank unveils PB SecureSign in major security overhaul
This is in line with the bank’s commitment to boost cyber protection.
HSBC unveils new measures to support Hong Kong, mainland startups
A specified lending fund was increased to $3b.
Axis Bank names Nurani Subramanian Vishwanathan as independent director
Vishwanathan has had diverse experiences as a central banker since 1981.
Indian banks’ profits to stabilize; weak assets to persist for some
Weak assets are expected to make up 5.2% of gross loans for FY2023.
Public Bank posts 22.6% net profit surge in Q1
It expects market volatility to be heavily influenced by US and EU banking environment.
Cambodia's Sathapana Bank incorporates AI for credit risk management
It aims to power its credit risk management with Artificial Intelligence (AI).
Hang Seng warns customers of faux Instagram account
This is the fifth time in May that Hang Seng Bank warned of a fake account.
Maybank records 10.7% increase in Q1 profits
The group’s profit before tax also grew 2.7%.
Hang Seng says ‘be vigilant’ of new deceptive sites
Fraudulent websites may display the bank’s logo.
HSBC names new South Asia head of wealth and personal banking
Kai Zhan g will be responsible for expanding wealth management across South Asia.
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CIMB Niaga leads the way in captivating Indonesia’s youth
![CIMB Niaga leads the way in captivating Indonesia’s youth]()
The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.
The bank’s digital solutions are winning over younger generations with 3.
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