Deutsche Bank puts India retail banking business up for sale
Deutsche Bank is exploring the sale of its Indian retail banking assets and has invited bids from domestic and foreign lenders in the country, two sources told Reuters, making it…
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Banking
Barclays latest British lender to quit climate banking alliance
The NZBA lists more than 100 members on its website, including leading international financial institutions Barclays has become the latest British lender to quit the Net Zero…
US consumer finance watchdog says it will replace Biden-era ‘open banking’ regulations
A federal judge on Tuesday paused a lawsuit against the US Consumer Financial Protection Bureau that had sought to strike down “open banking” regulations, granting the agency’s request for…
HSBC Global Private Banking appoints new senior leadership across S-E Asia, Australia markets
HSBC Global Private Banking announced on Tuesday (Jul 22) a series of senior appointments to deepen its coverage across South-east Asia, Australia and international markets. These include…
Citi to boost Japan investment banking headcount up to 15%, executive says
Citigroup plans to raise its investment banking headcount in Japan by 10 to 15 per cent over the next year and make new hires in Australia, as part of its strategy to bolster growth in the…
US banking giants reap gains from dealmaking rebound
Large US banks expressed optimism about the investment banking outlook for the rest of the year after dealmaking rebounded in the second quarter, as they reported in earnings on Tuesday…
US bank profits to climb on stronger trading, investment banking
Major US banks are expected to report stronger profits next week, driven by buoyant trading and a modest rebound in investment banking. When JPMorgan Chase, Citigroup and Wells Fargo kick…
Barclays names several leadership changes in its Asia Pacific investment banking unit
Richard Satchwell has been appointed head of capital markets financing for Asia-Pacific at Barclays, among other key leadership changes within the bank’s Apac Investment Banking business.…
HSBC private banking arm names new Apac head of wealth planning
Ann Ling brings more than two decades of financial services experience to the role, which she will assume on Jul 1 HSBC Global Private Banking has appointed a new regional head of wealth…
Banking on equality: The journey to build first women’s bank
In 2019, I joined a group of entrepreneurial women with one bold goal: to create the only bank in the country strategically built to close the gender lending gap. That vision became First…
TrueMoney stands out in Thailand’s virtual banking shake-up after licence win
Thailand is shaking up its sleepy banking sector. The Thai Finance Ministry’s decision to grant virtual bank licences to three consortiums on Jun 19 is set to inject fresh competition to…
Singapore’s banking hub has a corner where cash is still king
In the heart of Singapore, a financial hub where billions of dollars zip around the world over computer screens in nanoseconds, there’s a crowded building where cash still reigns. Six days…
Singapore’s banking hub has a busy corner where cash is still king
In the heart of Singapore, a financial hub where billions of dollars zip around the world over computer screens in nanoseconds, there’s a crowded building where cash still reigns. Six days…
Unified Monitoring and Auditing for Hybrid IAM in Banking: How Grafana, CloudWatch, and Elasticsearch Power Real-Time Security and Compliance
As financial institutions accelerate digital transformation and adopt hybrid cloud infrastructures, managing identity and access across distributed systems has become increasingly complex…
UBS faces tough new Swiss banking sector rules
The Swiss government on Friday (Jun 6) proposed stricter rules for UBS following its takeover of Credit Suisse, which could make it hold US$26 billion more in core capital, confirming some…
Netflix Banking on ‘Mad Unicorn’ Delivering More Viewers to Thai Productions
Anytime a Netflix series spends its first weekend in the streamer’s Top 10 is a good sign that the stars have aligned at catching viewers’ attention. This past weekend revealed a promising…
Maybank cuts view on Malaysian banking sector to ‘neutral’ as tariffs, slower GDP weigh on earnings
Maybank Investment Bank has downgraded its rating for the Malaysian banking sector to “neutral”, from “positive” previously, due to slower gross domestic product growth, subdued earnings…
Will crypto replace banking? The Trump administration can’t decide
Last year, Donald Trump took the stage of the Las Vegas Bitcoin Conference to worship at the altar of cryptocurrency. He said he would fire Gary Gensler, the former chair of the Securities…
Chime Financial IPO: Digital banking service sets target stock price as Nasdaq listing date nears
Ding, ding, ding! Chime Financial is finally ready to go public. The 13-year-old digital banking services company has set a target valuation of $11.2 billion for its highly anticipated…
Elaine Heng to succeed Linus Goh as OCBC’s head of global commercial banking
OCBC announced on Tuesday (May 27) key leadership changes to its global wholesale banking franchise, to take effect on Oct 1. Elaine Heng, now OCBC’s group chief strategy and…
HSBC cuts dozens of analyst jobs in investment banking overhaul
HSBC Holdings has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment banking businesses, according to sources familiar…
Hong Leong Bank forms private banking alliance with Lombard Odier
Bursa-listed Hong Leong Bank (HLB) – a subsidiary of Malaysian tycoon Quek Leng Chan’s Hong Leong Financial Group (HLFG) – on Monday (May 26) announced it has formed a strategic alliance…
The key to better banking customer journeys
The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual…
HSBC launches wealth centre at Star Vista, seeks to deepen local wealth banking network
HSBC Singapore has launched its newest wealth centre in Singapore at The Star Vista mall in Buona Vista – the second of three planned sites to open amid the bank’s pivot to a strategy…