04/14/2020
Westpac AUSTRAC bill continues to grow
King said Westpac is committed to mending the processes that allowed the alleged criminal money laundering at the heart of AUSTRAC proceedings to take place.
Retail Banking
04/13/2020
Malaysian Banks Unswayed by Worldwide Moves to Cut Dividends
As banks elsewhere scrap or defer dividend payments, investors in Malaysian lenders can still expect their usual cash rewards. Malayan Banking Bhd., the biggest lender by market value, plans to keep its payout ratio of as much as 60% its profit after tax
04/06/2020
CBA approves $150 million in business loans under Coronavirus SME Guarantee Scheme
These loans will help a lot of businesses stay afloat, and keep a lot of people in jobs.
03/26/2020
Commonwealth Bank launches coronavirus support campaign
A large scale communication campaign to clearly address our customers’ most common questions and concerns.
03/25/2020
SoftBank to sell up to $41bn in assets to acquire shares
It had already announced a massive share buyback that prompted S&P Global Ratings to cut the firm’s outlook to negative, a move some analysts said misinterpreted the company’s health.
03/18/2020
Citi buys Royal Bank of Canada’s custody business in Australia
It also says the deal will bolster its regional operations site in Malaysia because several RBC employees in Kuala Lumpur, the capital of the Southeast Asian country, are expected to join Citi.
03/16/2020
SBI, seven other lenders to invest ₹10,000 crore to revive Yes Bank
In a late night notification to the exchanges, Yes Bank said 1000 crore equity shares have been allocated to these lenders.
03/16/2020
Chinese P2P firm FinVolution taps HSBC for potential take-private deal: sources
Company founder and co-Chief Executive Cliff Zhang would want to retain a small stake after a deal, said one of them.
03/13/2020
Standard Chartered launches new Banking Solution in Indonesia
Winters added that the Nexus solutions is potentially a ‘transformational’ platform for both Standard Chartered and its clients.
03/12/2020
UOB Quadruples Client Engagement for Mobile Bank
Naturally, increased engagement has led to more users with referrals accounting for more than two-thirds of TMRW’s new customers.
03/12/2020
How Hong Kong's Retail Banks Could Offset Digital Revenue Pressure
What’s more, 72 percent of Hong Kong respondents had more than one bank account compared with the global average of 58 percent.
03/09/2020
UOB and Prudential Singapore launch the UOB Lady's Savings Account to help women grow their wealth and protect their health
First savings account in Singapore with complimentary female-related cancer insurance coverage
03/04/2020
Bank BRI on Consolidating the payments game in ASEAN
Nicko Widjaja, the CEO of BRI Ventures shares his perspective on the need for Indonesian tech companies to unify efforts, lacking the luxury of the depth of domestic customer base that nations like China harbour.
03/03/2020
ING and Maybank Top Creditors To Troubled Commodity Trader
Agritrade said in the affidavit it ran into financial problems around 2018 amid a declining commodities market and its funding issues were compounded after many banks halted funding.
03/02/2020
Malaysia's CIMB Q4 profit slides 24% on provisions
Net profit for the October-December period was 848.64 million ringgit ($200.38 million) compared with 1.12 billion ringgit achieved a year prior.
02/26/2020
COVID-19 may spoil Singapore banks' new year despite good 2019 results
Five to 10 percent of the banks’ total loans are to borrowers particularly in danger of a prolonged outbreak such as hospitality, trade, retail, food and beverage, but headwinds may be contained in the next months.
02/24/2020
CBA launches Australian-first protection for homeowners
This comes as new research from CBA reveals a third of Australians would only be able to cover their home loan repayments for up to six months if they, their spouse or dependant passed away or was diagnosed with a terminal illness.
02/21/2020
CIMB Bank Singapore Introduces Virtual Account with Distinct Benefits for Corporates
Banking need not be so complicated in today’s environment, and we intend to provide financial services and solutions for a better banking experience,”
02/21/2020
OCBC expects 2% dip in 2020 revenue on virus impact; ups dividend on higher Q4 profit
The bank’s exposure to manufacturing – which will be hit by the second-order impact from the virus as supply chains get disrupted – is another 4 per cent.
02/21/2020
Broad-Based Franchise Growth Brings UOB Record Earnings
Income from high affluent customers increased 14% year on year