11/14/2019
Australia's CBA says wealth management, mortgage broking head to leave
CBA halted preparations to demerge its wealth management and mortgage broking businesses in March, to instead focus on the unfinished work of repaying wronged clients.
Retail Banking
11/12/2019
Singapore's DBS Q3 profit beats view on wealth fees, cautions on outlook
DBS made a net profit of S$1.63 billion for the quarter, compared with S$1.41 billion a year earlier and an average estimate of S$1.57 billion from five analysts, according to Refinitiv data.
11/11/2019
Australia's NAB profits plunge in wake of banking royal commission
This year has been very challenging, requiring significant actions for us to deal with past issue
11/07/2019
Viet Capital Commercial Joint Stock Bank to Launch JCB Credit Card in Vietnam
The holders of Viet Capital Bank JCB Card can access the JCB acceptance network with about 30 million merchants around the world
11/05/2019
OCBC Q3 profit dips 6% to S$1.17b on one time charge
Total income for the quarter rose 4 per cent to S$2.66 billion from S$2.54 billion a year ago.
11/05/2019
Asian lenders bank on Indonesia for growth
SMBC bought BTPN’s shares for Rp 14.28 trillion (US$1.01 billion) under a tender scheme.
11/03/2019
DBS denies reports of Yes Bank acquisition
The lender said that it has now received a binding offer from a global investor for an investment of $1.2 billion in the bank through fresh issuance of equity shares, subject to regulatory approvals and conditions as well as the bank's board and shar
10/25/2019
Stan Chart to distribute Blackrock fund onshore
In total, Standard Chartered in China distributes around 200 QDII products managed by 10 foreign asset management firms.
10/25/2019
OCBC and DBS have just been named the best consumer bank and SME bank in the entire world
Singapore and South-east Asia’s largest bank, DBS, was also named the best bank for small and medium enterprises (SMEs) – a new category introduced this year – at the ceremony over the weekend.
10/23/2019
India’s banking and real estate woes to hurt Gulf NRIs
Slump in India’s real estate values and safety of deposits worry NRI investors
10/20/2019
Online payment facility for BOI customers
It is not only the customers of BOI who stand to gain from this initiative, but it also improve the internal efficiencies within BOI where activities related to physical payment acceptance and reconciliation will be reduced dramatically.
10/17/2019
Select Singapore Banks to be Authorized to Offer Chinese Bonds
Select lenders in Singapore will be authorized to provide trading, settlement and custody services for Chinese interbank bonds on behalf of foreign investors.
10/17/2019
Citibank Taiwan gives clients access to 14 currencies
Clients who activate the “Citibank Global Wallet” would be able to buy the foreign currencies at preferred rates online, and can withdraw them at ATMs overseas or make transactions through debit cards when traveling abroad, Hu said.
10/17/2019
Bank of Baroda enters into partnership with Paisabazaar.com
Bank of Baroda presently offers home loans linked to repo rate with rates starting @ 8.10%. As on 31st March 2019
10/17/2019
Efma and Accenture Announce Winners of Customer Insight & Growth Banking Innovation Awards
The winners were selected by a panel of judges comprising senior retail bankers from around the world and by Efma members and non-members from retail institutions who voted online.
10/16/2019
2019 Commonwealth Bank Annual General Meeting: chairman's Address
Full text of chairman Catherine Livingstone's address to shareholders at Commonwealth Bank's 2019 Annual General Meeting.
10/10/2019
DBS Considers Joining Race for Bank Permata Indonesia
Shares of Permata jumped as much as 3.9% on Wednesday afternoon in Jakarta to the highest level since February.
10/07/2019
Honeymoon over for NAB as rising compensation bill bites
Many are no longer feeling the love after the bank hiked its annual compensation bill to $2 billion arising from the Hayne commission, and saw its share price slide around 7 per cent over the next several sessions.
10/04/2019
NAB hit with extra billion in remediation
The key items giving rise to increased provisions by NAB for customer remediation are adviser service fees charged by NAB advice partnerships.
10/04/2019
Saga of China’s Bank of Jinzhou raises questions about the health of Chinese banking sector
China’s troubled Bank of Jinzhou is seeking to raise 6.2 billion yuan (US$866 million) just two months after it secured a 3 billion yuan (US$419 million) bailout