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Wednesday, October 16, 2019

Tag: banking

Singapore’s largest bank uses AI to help with hiring

'Jim' speeds up and improves quality of initial screening of job applicants.

Malaysian-based institution offers Master’s degree in central banking

The course aims to produce graduates that will hit the ground running after returning to their respective organisations.

BSN net profit jumps 119.7% to RM133.8 mil

Positive growth underpinned by 14.5% increase in revenue to RM1.04 billion.

NUBE slams Bank Negara for allowing banks to charge extra for...

The bankers' union says the central bank is allowing practices that do not favour consumers.

Banking group defends 50 sen fee, says will encourage e-banking

The Association of Banks in Malaysia says electronic transaction saves costs and is the future of banking.

Train your employees so they won’t be redundant, NUBE tells banks

The union says the banking industry is increasing its reliance on technology.

Modi creates banking behemoths to boost India’s flagging economy

Together the merged banks will hold business worth US$781 billion.

Central bankers face political shocks, and hope to avoid the worst

Central banks have asked politicians for years to use fiscal policy more constructively and address structural problems plaguing economies.

Standard Chartered faces fine for sanctions breaches

The bank agreed in April to pay US$1.1 billion to US and British authorities for conducting illegal financial transactions.

OCBC said to weigh bid for StanChart-backed Indonesian bank

The Singaporean bank is considering an offer for almost 90% of PT Bank Permata, which has a market value of about US$1.9 billion, according to people with knowledge on the matter.

Mobile phones are replacing bank accounts in Africa

In Kenya, the value of banking transactions through mobile phones amounts to almost half of the gross domestic product.

Asia surprises with cuts in global race to monetary bottom

Policymakers are taking bolder steps to bolster their economies as escalating US-China trade tensions threaten to worsen global growth and currency battles roil financial markets.

HSBC to pay nearly €300 mil to end Belgian probe

The allegations relate to a Swiss subsidiary of the British banking giant.

How a shadow banking crisis sent India’s auto sector into a...

A deepening liquidity crunch among India's shadow banks has been the biggest single factor in an auto sales collapse.

Singapore banks primed for headwinds after earnings beat

The outlook is also clouded by a weakening Singapore economy that’s vulnerable to the fallout from the US-China trade war, which escalated again overnight.

Spanish bank BBVA charged with corruption

In January, the bank admitted it had previously used the services of a business intelligence group called Cenyt and had launched an internal probe into the issue.

China’s US$40 trillion banking system learns a lesson on risk

When China's government took control of Baoshang Bank and imposed losses on some creditors, it upended the long-held assumption that it would always provide banks with a 100% backstop.

Goldman Sachs profit beats estimates, boosted by strong equities trading

Equities trading revenue increased by 6% from a year ago to US$2 billion, the second-highest in four years.

Japan targets comeback abroad with Southeast Asia foray

One of Japan’s biggest regional banks is resuming an expansion overseas, 20 years after the country’s financial crisis forced it to retreat.

Deutsche Bank culls top leadership, dumps unwanted

Several senior executives are expected to depart as part of the reorganisation.

Regulators tightening scrutiny of Iran over terror financing

The FATF expects Iran to proceed swiftly in the reform path to ensure that it addresses all of the remaining concerns.

Economists see banks unsettled by Grab’s digital banking plan

They'll be forced to speed up their digital transformation, says Sunway University's Yeah Kim Seng.

Deutsche Bank investors meet amid questions on strategy, leadership

Major investors over the past week have called for Deutsche to scale back its sprawling global investment banking unit.

An Austrian bank goes where Sanders, AOC want the US to...

Oesterreichische Post AG are targeting customers that are no longer served by banks that are retrenching.