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Westpac creates executive role to handle complaints amidst ongoing probe
It promoted corporate affairs manager Carolyn McCann to the role.
Westpac creates executive role to handle complaints amidst ongoing probe
It promoted corporate affairs manager Carolyn McCann to the role.
DBS ramps up digital investments to outbid China's non-bank fintech giants
The Singapore lender has invested about $3.5b to upgrade its technological infrastructure.
JPMorgan Chase to ramp up joint venture stake in China International Fund Management
It targets growing its stake to a majority interest.
Asian banks pilot cross-border payment test over RippleNet
The collaboration aims to streamline cross-border payments.
Fraud-hit PNB hammered by largest ever quarterly loss for an Indian bank
The state lender reported a $1.98b loss as it books provisions to cover a massive fraud.
MUFG weathers lacklustre lending gains after 2017 profits rose 6.8% to $8.98b
Lower bad loan expenses and gains from equity holdings buoyed earnings.
Hang Seng Bank rolls out AI chatbot for business banking
The virtual assistant BERI will be available on the bank’s website and mobile app.
Federal Bank profits plunge 44% to $21.48m in Q4 as corporate loans turn sour
Bad loans inched up to 1.7% in Q4.
ICICI slippages hit $2.28b in Q4 as stress loans moved into NPLs
However, the bank is nearing its asset quality downturn and improvements are in sight.
China Construction Bank unveils Shanghai branch fully managed by robots
AI, facial, and voice recognition tech power the self-service branch in Huangpu district.
Citi to co-finance trade in developing markets with Asian Development Bank
The two lenders can share risk on a funded basis.
UOB ties up with Santander UK to facilitate overseas expansion for SMEs
Businesses can gain access to the two banks’ product and service offerings.
CBA to shell out $18.67m in penalties for rate manipulation
The embattled bank has been accused of rigging the Bank Bill Swap Rate.
UOB to offer cloud-based solutions for SMEs
UOB BizSmart can help businesses automate administrative processes.
Higher interest expenses curbed BPI's growth in Q1
Net interest income fell from 13% to 9%.
Krung Thai Bank profits crash 21% to $211.67m in Q1
Loan growth remain subdued dragging net interest income to 6%.
Siam Commercial Bank profits down 5% to $354.87m in Q1
Higher operating expenses due to staff costs and digital efforts hit the bank’s earnings.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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