Retail Banking
SEA banks' more crypto exposure could hit earnings in the long run: Fitch
Banks looking to dab in crypto face operational, reputational, and legal risks.
SEA banks' more crypto exposure could hit earnings in the long run: Fitch
Banks looking to dab in crypto face operational, reputational, and legal risks.
Maybank appoints Dato’ Khairussaleh Ramli as group president and CEO
He rejoins Maybank from RHB, where he served as group managing director.
Maybank SG new banking app enables online SME current account opening
The new Maybank2u SG (Lite) app offers e-angbao gifting and other money management features.
Weekly Global News Wrap: Bank of America's senior bankers receive pay raise; UBS buys wealth mgmt provider Wealthfront
And Deutsche Bank said it’ll undertake a $339m share buyback.
UOB injects $316m in capital to China subsidiary
Capital will be used to develop cross-border services and push sustainability strategy.
Merger of Philippine banks Landbank, UCPB to take effect on March
All accounts under UCPB will be transferred under Landbank.
South Korea completes first phase of digital currency feasibility test
The second phase of the test will be carried out until 22 June.
Indonesia’s big four banks’ asset qualities remain under pressure in 2022
The banks’ credit costs are sighted to remain elevated.
Union Bank’s capital buffers to weaken following Citi purchase: analyst
Any potential earnings boost remain uncertain; whilst reduced capital will take years to rebuild.
Standard Chartered appoints Roel Louwhoff as chief of tech, operations, and transformation
He replaces current COO David Whiteing, who is moving back to Australia.
UOB’s purchase of Citi ASEAN retail assets improves profits, accelerates expansion
It is expected to add S$1b in profits annually, with earnings accretive beginning 2023.
Bank of China Hong Kong poised to benefit from GBA: analyst
A possible rate hike in March will also positively affect the bank.
Why Siam Commercial Bank is transforming itself into a fintech group
With its reorganisation, the group plans to expand to a customer base of 200 million.
UnionBank to buy Citi’s Philippine consumer banking franchise for $908m
Around 1,750 Citi employees are expected to transfer to UnionBank.
Citi Vietnam appoints new country officer
Ramachandran A.S. will oversee Citi’s operations and serve as main regulatory representative.
Hong Kong’s livi bank doubles customer base to 200,000 by end-2021
Its buy now, pay later service has received over 60,000 applications.
Happy holidays, one and all!
Asian Banking & Finance will be back on 10 January 2022.
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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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