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Tuesday, June 18, 2019

Tag: banking

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.

Govt turns to crowdfunding to solve property overhang

The crowdfunding model lets Malaysians bypass banks for loans and connects directly with investors.

Julius Baer lining up Credit Suisse wealth manager as new CEO

Khan had also been tipped as a potential future chief executive of Credit Suisse.

HK heralds online banking era with StanChart JV, two others as...

The licences will give holders access to a lucrative retail banking market in the Asian financial hub.

Brexit delay adds another dimension of damage to UK economy

Businesses face mounting costs with every passing day as efforts to mitigate the disruptive effects of leaving the EU without a deal continue.

Malaysian banking sector to see moderate growth this year

The US-China trade war is a major cause of the slowdown in global gross domestic product, says UOB.

Don’t hesitate to challenge unfair contracts, says couple who won CIMB...

Britons say public should stand up to big players, following their victory in a case where the Federal Court ruled against unjust exclusion clauses that make clients the losers.

Former Fed chief Yellen warns of dangers of loosening bank regulation

Yellen said the lessons of the 2008 crisis appeared to be fading amid pressure from companies on lawmakers and agencies providing oversight.

European stock markets rebound

Banking stocks were in focus Wednesday following mixed earnings from Deutsche Bank and Barclays.

Goldman Sachs changing Asia investment banking leadership

Veteran banker Todd Leland will replace Andrea Vella and Kate Richdale as head of the Asia investment banking unit excluding Japan.

World stock recovery loses steam as European auto sector takes beating

Asian stocks shone after a forecast-beating set of US company earnings improved the mood on world equity markets.

Moody’s downgrades Danske bank ratings over money-laundering probe

The ratings agency downgraded its long-term deposit and senior unsecured debt ratings from A1 to A2.

Money launderers are taking EU to the cleaners, experts say

Experts say the EU's efforts are simply no match for criminals who have seen through the lack of a centralised authority tasked with fighting fraud across the bloc.

Iran president asks Europe for guarantees on banking channels and oil...

Rouhani was speaking in the light of US sanctions reimposed by Washington after President Donald Trump in May pulled out of a 2015 nuclear deal between Iran and world powers.

Financial sabotage: AG drops appeal against 1MDB critics

With the withdrawal of the appeal, the acquittal of Khairuddin Abu Hassan and Matthias Chang by the Sessions Court is confirmed.

JPMorgan Chase offers 100 free trades to attract new investors

Oduyoye said the bank hopes to spark more investing among existing customers, including millennials who may have shied from the stock market.

Government offers to withdraw appeal against 1MDB critics

This would mean that the Sessions Court's decision last year to acquit them of sabotaging the nation's banking and financial services remains.

Morgan Stanley intern nabs senior SE Asia role in 7 years

The US firm has appointed Jannie Tsuei, who started as an intern in New York in 2011, as chief operating officer for Southeast Asia investment banking.

Facebook asks big banks to share customer details

Facebook was interested in information including bank card transactions, checking account balances, and where purchases were made.

Barclays boss says UK finance sector will dodge Brexit bullet

John McFarlane said that the UK would retain its position as one of the world's two leading financial centres.

Nigerians bury cash in backyards as mobile money stumbles

Financial inclusion in Nigeria has gone backwards as the regulator blocked network operators from applying for mobile-money licenses that would allow cash transfers without the need for a bank account.

Australia’s Commonwealth to spin off wealth, mortgage arms

The troubled lender -- the country's largest company -- is also considering selling its general insurance business.