Retail Banking
Weekly Global News Wrap: UBS posts best quarterly profits in six years; Italy’s Monte dei Paschi rescue deal collapses
And Citigroup warns of charges related to the closing of S. Korea consumer business.
Weekly Global News Wrap: UBS posts best quarterly profits in six years; Italy’s Monte dei Paschi rescue deal collapses
And Citigroup warns of charges related to the closing of S. Korea consumer business.
DBS Hong Kong, China’s PSBC to offer services under Wealth Management Connect
PSBC is one of the largest state-owned banks in China.
Standard Chartered Hong Kong launch WMC services
Clients can now purchase SC Hong Kong’s wealth management products.
Citi Hong Kong, CGB team up to offer wealth services under Wealth Management Connect
Citi plans to offer around 100 types of wealth products from the mainland.
Why Malaysian banks are spending more on financial wellness apps
They spent the most amongst other markets in the Asia Pacific region.
Only six new digital banks in the Philippines for now: BSP head
All nine additional applicants failed to submit documents.
4 in 5 banks prioritises people over products
81% of banks seek to differentiate their customer experience.
Siam Commercial Bank’s restructuring highlights Thai banks’ need for complexity: analysts
The new entity aims to become a regional fintech conglomerate by 2025.
Negative gov't intervention fuels rise of Malaysian banks’ systematic risks
Officials’ moratorium programs are hurting lenders’ profitability.
Hong Kong’s Mox Bank appoints Barbaros Uygun as new CEO
Uygun previously served as CEO of ING Bank Austria.
Weekly Global News Wrap: JPMorgan launches Chase in UK; Credit Suisse Asia mulls merging investment and advisory arms
And JPMorgan has bought the college planning platform, Frank.
Japan’s MUFG sells US retail bank subsidiary to US Bancorp in $8b deal
It is exiting the retail banking business to refocus on corporate transactions.
New bank players from Thai, Malaysia agreement face limited growth prospects
The latest licensed banks in Thailand have loan market share below 0.5%.
Sri Lanka’s large banks’ outlook worsens amidst new COVID surge
The new COVID surge that began in April may hinder GDP recovery.
Cebuana Lhuillier Bank gets Rural/Cooperative Bank of the Year nod at 2021 Asian Banking & Finance Retail Banking Awards
The bank’s commitment to providing financial inclusion through innovative service is considered a game-changer in the Philippines
Half of APAC banks at risk of missing digital transformation targets: study
Banking leaders admit that they are at risk of ceasing to exist in 5-10 years.
Japan’s new PM a positive for banks’ earnings outlook: Jefferies
Banks’ credit costs are expected to undershoot their guidance.
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Why Philippine banks, insurers embrace hyper-personalized services
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Insurance
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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