HSBC resorts to cost-cutting measures affecting up to 10,000 jobs
The move is under the leadership of interim CEO Noel Quinn...
Category : Banking
HSBC UK, Fidelity FundsNetwork partner to launch new SIPP
The partnership will allow HSBC UK to offer the new SIPP solution to clients through Fidelity FundsNetwork platform...
Covid-19 results in digital banking growth in the Philippines
UnionBank recorded a 160% rise in daily sign-ups on its online banking portals...
RBC joins WealthiHer Network to empower women in financial industry
WealthiHer Network is a collaboration of leading banks with a focus to drive women empowerment in financial industry...
People’s Bank of China raises stake in India’s HDFC
The bank raised its stake to 1.01% from 0.8%...
Singapore banks to freeze mortgage, defer SME loan payments
Banks can defer both principal and interest payments for mortgages through December 31...
Egypt urges domestic banks to set limit on daily withdrawal and deposits
The new limit would allow individuals to withdraw 10,000 Egyptian pounds and companies 50,000 pounds...
China injects $7.1 bn into its banking system, cuts interest rates
The central bank reduced the interest rate on 7-day reverse repurchase agreements to 2.2% from 2.4%...
UAE banks provide 98% of services digitally amid coronavirus outbreak
A study also revealed that digital banking users significantly increased to 90%...
Coronavirus: Southeast Asian banks face surge of bad loans
Banks in Singapore, Malaysia, and Vietnam are easing borrowing terms as they face a rise in distressed loans...