Retail Banking

CIMB reaps benefits from de-risking, cost optimisation initiatives

Net interest margin compression will be offset by improved profits and stable capital.

CIMB reaps benefits from de-risking, cost optimisation initiatives

Net interest margin compression will be offset by improved profits and stable capital.

South Korea’s new capital buffers to strengthen banking system’s resilience

No capital raising or sheet adjustment is expected from the country’s biggest banks.

Commonwealth Bank of Australia waives transaction fee for overseas money transfers

The waived fees exclude Japanese yen transactions in its CommBiz platform.

Shareholder support key for Hong Kong virtual banks to weather failure risks

Six out of the eight virtual banks in the city reported narrower losses in 2022.

Korean banks’ net income jump 24% in Q1

Interest income declined as a result of interest rates falling during the period.

UBS to finalise Credit Suisse acquisition by 12 June

After the acquisition, Credit Suisse and American Depositary Shares will be removed from SIX and NYSE.

BOCHK warns customers against phishing messages, fake app

The case has been reported to the HKMA and the police.

Banking on customer experience

By Ricky Kapur, Head of Asia Pacific, Zoom

Deposit war squeezes Malaysian banks’ margins

There is a steady outflow of savings deposits into higher-yielding fixed deposits, says S&P.

PwC, StanChart release analysis on CBDCs' role in future banking

The paper highlights CBDCs programmability and how they can revolutionise retail, trade, and supply chain finance.

Public Bank unveils PB SecureSign in major security overhaul

This is in line with the bank’s commitment to boost cyber protection.

Axis Bank names Nurani Subramanian Vishwanathan as independent director

Vishwanathan has had diverse experiences as a central banker since 1981.

Indian banks’ profits to stabilize; weak assets to persist for some

Weak assets are expected to make up 5.2% of gross loans for FY2023.

Public Bank posts 22.6% net profit surge in Q1

It expects market volatility to be heavily influenced by US and EU banking environment.