Retail Banking
UOB to raise pay, floats promotions for 98% of bank's employees
Review of compensation packages for senior management will be considered later.
UOB to raise pay, floats promotions for 98% of bank's employees
Review of compensation packages for senior management will be considered later.
Five of world's 10 largest banks are in China: report
The Industrial & Commercial Bank of China has almost $5t in total assets.
Weekly Global News Wrap: EU banks to float 'green' indicator next year; Citigroup revises earnings after Revlon ruling
And Goldman Sachs reboots cryptocurrency desk following Bitcoin boost.
Commerzbank mulls exit from Hong Kong, other Asian locations
Asia sales activities will be bundled in Singapore.
DBS appoints Abdul Raof Latiff as new DBS Malaysia country head
They also appointed a new Group Head of Digital for Institutional Banking last January to replace Latiff.
CIMB posts $293.5m net profit for FY2020
Higher loan provisions affected the bank's performance.
OCBC net profits down 26% to $3.59b in FY2020
CEO Samuel Tsien maintained a cautious outlook for the economy’s recovery.
UOB's net profits down 33% to $4.34b in FY2020
The group emphasized wealth and connectivity-related services as tenets for growth.
Citigroup mulls divesting some APAC retail banking units
Revenue from consumer banking in the region declined 15% in Q4.
Australia's Bank of Queensland to acquire ME Bank for A$1.3b
This ramps up BoQ’s competitiveness via increase geographic diversity and scale of operations.
HSBC Singapore to name new CEO
Current chief Tony Cripps will become CEO of Saudi British Bank in May.
Philippine banks to offload bad loans via asset management firms
They will be granted tax incentives to cover transferring costs.
India shortlists four mid-sized banks for privatisation
Two of those lenders will be selected for sale in FY2021/2022.
Weekly Global News Wrap: Investment banking propels Deutsche Bank to 2020 profit; BNP Paribas posts $2.9b Q4 net profit
And Italy's Intesa CEO said wealth management 'too pricey' for large deals.
Fintechs' latest acquisitions hint at ASEAN banking sector shake-up
But they are unlikely to pose a challenge as newcomers and incumbents target different clients.
Weekly Global News Wrap: US regulator rules banks cannot refuse lending to certain sectors; JPMorgan beats Q4 2020 profit expectations
And Goldman Sachs mulls deals to boost consumer banking unit Marcus.
Two in five Indian adults to have a digital bank account by 2026
Up to 373 million locals could open a digital-only bank account in the next five years.
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Why Philippine banks, insurers embrace hyper-personalized services
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