Retail Banking
HSBC to shed $100b in assets in massive revamp
About 35,000 jobs may be axed over the next three years.
HSBC to shed $100b in assets in massive revamp
About 35,000 jobs may be axed over the next three years.
Weekly Global News Wrap: JPMorgan reshuffles investment bank; Fintech firm LendingClub buys Radius Bank for $158m
And customers were outraged by N26 UK exit.
Standard Chartered commits $75b for sustainability drive
By 2030, they will cease support for clients who get more than 10% of their profits from thermal coal.
Standard Chartered opens international banking and priority private centre in Singapore
It caters to clients with a minimum AUM of $1.5m.
Chinese banks' asset quality to deteriorate in 2020
Officials have ordered banks to lower lending rates and extend deadlines amidst the epidemic.
MUFG Bank names Colin Richmond-Wells as Oceania transaction banking head
He was former HSBC London global head of client management for global liquidity.
HSBC faces third major overhaul
Biggest market Hong Kong is hit with anti-government protests and the COVID-19 outbreak.
Wells Fargo mulls slashing 700 jobs in Manila
A portion of these roles will be moved to India.
Singapore to record anaemic loan growth of 1.5% in 2020
The COVID-19 and the expected monetary easing will weigh on banks.
Baoshang Bank's asset sale will dampen contagion risk: Moody's
Huishang Bank plans to buy some of its assets and form a new bank.
Hang Seng Bank floats relief measures for COVID-19 affected clients
Principal payment deferrals are offered for SMEs and commercial banking clients.
Bank of Singapore hires Celine Le Cotonnec as chief data officer
She will spearhead the bank’s data strategy and innovation efforts.
Taiwan banks will manage the impact of COVID-19 oubtreak: Fitch
But they will experience stress from SME and personal loans.
DBS Group's profits up 14% to $4.61b in 2019
A 17% growth in fee income boosted income in Q4.
Hong Kong banks' earnings to remain weak as coronavirus cripple operations
Around 20-30% of bank branches will likely temporarily close or shorten operating hours.
DBS expects net profit of $1.4b for Q4 2019
Quarterly earnings report will be out by 13 February.
Macau banks have sufficient buffers to weather near-term nCov risks
Outlook hangs on parent banks’ abilities to provide support.
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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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