Financial Services
Japanese banks reportedly mulling joint ATMs to cut massive losses
Japanese banks reportedly mulling joint ATMs to cut massive losses
Declining loan demand is squeezing the profits of the country's lenders.
Bad loans bog down Indian state banks with $1.4b loss in Q4
The banking sector is saddled with a massive $210b in problematic loans.
Chart of the Day: DBS, OCBC, and UOB Q1 loan growth up 5%-10%
Domestic loan growth was higher across all three banks compared to the last quarter.
Singapore invites new business models for moneylending
It will issue licenses for up to 16 outlets that will implement their business models.
Chart of the Day: OCBC and UOB's domestic bad loans dipped in Q1
Moody's said this could boost their asset performance in the coming quarters.
AIA unveils medical case management package
A partnership with Medix makes the plan available to the insurer’s 230,000 policyholders.
Wealth management fees buoy Singapore banks earnings in Q1
DBS, OCBC, and UOB all registered double-digit growth in fee income.
UOB to offer cloud-based solutions for SMEs
UOB BizSmart can help businesses automate administrative processes.
UOB buys 28.66% stake in Hoe Leong for $18.52m
The spare parts distributor is going through financial restructuring.
How can blockchain unblock Thai banks' trade finance slump?
Banks are pooling resources to break growth ceilings with the planned development of a blockchain-powered trade finance platform.
Here's how UOB plans to raise returns
Its return on equity could only hit 12% if its net interest margin maintains an upward trend.
2 in 5 Singaporeans open to going cashless for up to three days: study
Residents are carrying less cash as they turn to card and contactless payments.
Banks poised for widening NIMs
DBS and UOB posted sequential 5bps and 3bps widening respectively in Q1.
Changes must be made if Singapore is to stay ahead of the curve in cryptocurrencies
Ravi Menon, managing director of the Monetary Authority of Singapore recently claimed: “I do hope when the fever has gone away, when the crash has...
Vouch Insurtech incentivises safe drivers
Members who don't make claims can enjoy up to 15% cashback on annual premiums.
DBS non-performing loan formation in Q1 hits 4-year low
New NPLs declined 63% to $195m.
Spackman pushes for listing of two Korean subsidiaries
The company is merging Novus Mediacorp and Frame Pictures into a combined entity.
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