Retail Banking
Singapore monetary board asks financial firms to ensure COVID-19 distancing measures
Online platforms and employee distancing should be implemented.
Singapore monetary board asks financial firms to ensure COVID-19 distancing measures
Online platforms and employee distancing should be implemented.
NZ banks have ample buffers against pandemic storm: analyst
They come from a strong asset-quality position and have sound capitalisation.
Fintech startup MatchMove applies for digital bank license
It partnered with lender Singapura Finance and other fintechs for its bid.
HSBC names Noel Quinn as CEO
He had been serving as interim chief since August 2019.
Weekly Global News Wrap: Major US banks suspend stock buybacks; European banks close branches amidst pandemic
And a Mexico central bank staffer tests positive for COVID-19.
OCBC's growth dampened as US Fed cuts rate
NIM forecast has been slashed to 1.68% as NPL ratio could rise to 1.9%.
Singapore banks on downward spiral after US Fed cuts rate to nil
Loan yields are sighted to decline due to the lower benchmark rate.
Siam Commercial Bank face dampened 2020 growth prospects: analyst
NPL ratio will likely rise to 3.7% this year.
Hang Seng Bank to reopen nine branches
Three in Hong Kong Island, three in Kowloon, and three in New Territories.
COVID-19 could drive DBS and OCBC's dividends to go over 6%
But net profit forecasts had been cut by 5.8% and 3.7%, respectively.
Citigroup names Loretta Ko as Hong Kong financial institutions head
She was formerly with Banco Santander where she held the same position.
Citi Singapore ups paternity leave to four weeks
This is in line with the bank’s new global parental leave policy across 74 markets.
Yes Bank, State Bank of India will not merge
The Indian central bank took over Yes Bank for not having enough capital.
Weekly Global News Wrap: Financial firms beef up COVID measures; Europe mulls relief for banks
And Goldman Sachs is ‘very open’ to acquisitions.
Bancassurance in Asia
Delivering a step-change in value.
CIMB Group, CIMB Bank Berhad CEO resigns
Zafrul Aziz left to assume the Malaysian finance minister role.
StanChart consortium unveils Hong Kong virtual bank Mox
It will launch Asia’s first numberless bank card when it launches later this year.
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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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