In Focus

Lower credit costs to drive Singapore banks' earnings rebound in 2021
Sufficient provisions, steady capital positions should reduce risks in the near term.

Top News

Mizuho Bank's latest system failure unveils control, operational risks: Moody's
Banking Technology
4 hours ago
Half of its ATMs in Japan shut down on 28 February despite a $3.7b system upgrade just two years ago.
Five of world's 10 largest banks are in China: report
Retail Banking
6 hours ago
The Industrial & Commercial Bank of China has almost $5t in total assets.
Chart of the Week: APAC card payments to grow 19.2% in 2021
Cards & Payments
15 hours ago
Banks and payment firms are stepping up their card game to encourage cashless spending.
Bank accounts of suspected scammers can be frozen within a day: Singapore minister
Markets
23 hours ago
Singapore Minister Desmond Tan lays out plans to prevent scams.
MAS unveils joint paper on managing remote working risks
Markets
23 hours ago
Financial institutions are called to benchmark their practices against examples in the study.
Weekly Global News Wrap: EU banks to float 'green' indicator next year; Citigroup revises earnings after Revlon ruling
Retail Banking
1 day ago
And Goldman Sachs reboots cryptocurrency desk following Bitcoin boost.
Chinese fintechs must meet capital requirements within two years: CBIRC
Financial Technology
1 day ago
Regulators have set various grace periods for different platforms.
HDFC Bank says internet banking issues 'resolved'
Banking Technology
1 day ago
Its repeated technical glitches pushed India’s central bank to take action.
Commerzbank mulls exit from Hong Kong, other Asian locations
Retail Banking
2 days ago
Asia sales activities will be bundled in Singapore.
CIMB posts $293.5m net profit for FY2020
Retail Banking
2 days ago
Higher loan provisions affected the bank's performance.

More News

Goldman Sachs Asset Management adds BEA as Hong Kong retail market partner
1 week ago
Local retail investors can now access GSAM’s fund through seven retail distributors.
DBS launches facial biometrics feature for online corporate account opening process
1 week ago
SME business owners need only to face the camera to authenticate their application.
DBS provides $60m structured trade facility to Indonesia petrochemical producer
1 week ago
Chandra Asri aims to expand export growth of petrochemical products from the country.
Galvanize's solutions consultant shares insight on how exponential technology reshapes finance firms
1 week ago
Robert Luu was one of the speakers in the recently concluded ‘Utilising exponential technology for business' transformation’ webinar.
TransferWise renamed to Wise, to expand APAC reach
1 week ago
Over 70 people will be hired in the country this year.
Deutsche Bank launches payments platform for Thai corporate clients
1 week ago
It will facilitate local collections through payments platform provider 2C2P.
BOCHK sets benchmark for new Yulan Bond market
3 weeks ago
It has priced US$500 3-year senior fixed bonds at T+67 bps.
Deutsche Bank arranges Thailand's first onshore hedge for foreign firm
3 weeks ago
It recently changed rules for non-resident qualified companies, letting them access onshort baht liquidity.
Bank BRI's digital enabler on trends affecting the banking industry in the coming years
4 weeks ago
Kaspar Situmorang shares how financial organisations can adapt using exponential technologies.
MUFG Bank to charge fees on dormant accounts
5 weeks ago
Japanese banks have been battling a low-rate environment and dwindling local market.

Exclusive

What's up with central banks' craze around digital currencies?
Whilst it may improve payment systems, card firms and payment platforms won’t be happy with the potential new competition.
by Staff Reporter
26 Feb 2021
HSBC Singapore foresees a digital, green future for banks in 2021
Digital banking and sustainable products are viewed by leaders as key to resilience.
by Frances Gagua
20 Jan 2021
New regulations imperil China's online microlenders
Additional schemes could stifle growth of cross-provincial borrowing.
by Staff Reporter
27 Feb 2021
APAC banks face challenging 2021 as small lenders hurtle towards mergers
Banks in Indonesia, Japan, and Taiwan are likely to consolidate due to weak performances, analysts say.
by Frances Gagua
18 Feb 2021
How to build a future-ready bank amidst a crisis
Consumers are willing to trade their personal info for more tailored service offerings, says Accenture's Paul Ng.
by Staff Reporter
7 Jan 2021
Amidst a crisis, Hong Kong's Mox Bank sees boundless opportunities
The neobank has outlined a bold plan to kickstart a new generation of virtual-savvy customers.
by Frances Gagua
6 Sep 2020
No ‘one-size-fits-all' for mobile bank TMRW
UOB’s mobile-only bank makes use of personalization to attract Thailand, Indonesia’s tech-savvy generation.
by Frances Gagua
2 Dec 2020
Indonesia's Bank Mandiri outlines data strategies as pandemic continues
Their partnership with Cloudera has given them valuable insight on customer behavior.
by Alyssa Divina
27 Nov 2020
Contactless payments shift to overdrive as APAC locks down
Individuals and businesses scramble to adapt, but pitfalls remain.
by Alyssa Divina
10 Oct 2020
How Citi ASEAN's workforce champion adaptability, diversity
Joel Fastenberg talks about how Citi rose to the challenge of digitization, work-from-home and diversity.
by Frances Gagua
9 Oct 2020

People

DBS appoints Abdul Raof Latiff as new DBS Malaysia country head
Citi appoints new APAC head of sales for custody and fund services
Standard Chartered announces SG-based senior appointments for CCIB segment
HSBC Singapore names Regina Lee as commercial banking head
Bank of East Asia appoints Head of Greater Bay Area Office
CIMB Thai appoints new president and CEO

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