Banking Retail

Latest News for: Banking retail

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Singapore sees retail sales down by 3.4 pct year-on-year last December

China.dot.org 12 Feb 2020

Ling said given the ongoing novel coronavirus pneumonia outbreak, retail sentiments in Singapore are likely to remain very sluggish into January and February, and OCBC Bank's 2020 retail sales growth forecast for the city-state remains tepid at -1.0 percent year-on-year....

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China's banks offer 350-bln-yuan credit support for epidemic control

Xinhua 12 Feb 2020

12 (Xinhua) -- China's banks had provided over 349 billion yuan (about 50.06 billion U.S ... Banks have reduced service fees and lowered the loan interest rate for enterprises bearing the ......

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Q3 earnings in line, but see limited triggers for further market re-rating: Siddhartha Khemka

Moneycontrol 12 Feb 2020

While the consumer sector has exceeded, automobiles, capital goods and metals have missed expectations, and private banks, NBFC and healthcare have met the estimates," Siddhartha Khemka, Senior Vice President, Head-Retail Research at Motilal Oswal Financial Services said in an interview with Moneycontrol's Sunil Shankar Matkar....

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CBN Injects Additional $210m into Forex Market

This Day 12 Feb 2020

The Central Bank of Nigeria (CBN) has once again injected the sum of $210 million into the interbank foreign exchange market to ... The Bank had last Friday, injected the sum of $218.41 million and CNY18 million into the Retail Secondary Market Intervention Sales (SMIS) segment....

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Wells Fargo CEO Scharf shakes up management at scandal-hit bank

Gulf Daily News 12 Feb 2020

bank ... The consumer bank will be split into a consumer lending division and a retail banking division, and the wholesale bank will be divided into a commercial banking unit, and a corporate and investment banking unit ... As part of the management overhaul, the bank is seeking to fill a number of new executive positions....

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THE MONETIZATION OF OPEN BANKING: How legacy institutions can use open banking to develop new revenue streams, reach more customers, and avoid losing out to neobanks and fintechs

The Times of India 12 Feb 2020

Open banking has arrived, and it's transforming the UK's banking landscape - next up could be the world. Regulatory efforts in the UK are transforming retail banking, reshaping incumbents' relationships with customers, and easing entry for fintechs ... For those that act, open banking presents substantial revenue-generating opportunities....

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Prolonged coronavirus outbreak can hurt APAC economies, banks to take maximum hit: Moody's

Yahoo Daily News 12 Feb 2020

Mumbai, Feb 12 (PTI) The deadly coronavirus outbreak, which has so far killed over 1,100 people in China, can hit economies of the Asia-Pacific region if it prolongs, and the impact will be more pronounced on banks with poor profitability and asset quality, rating agency Moody's has said....

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ABN Amro profit hurt by low interest rates, rising impairments

RTE 12 Feb 2020

Dutch bank ABN Amro has today reported fourth-quarter net income that missed analysts' estimates, hurt by lower interest income and higher impairments.  ... ABN Amro last month was the first of the three dominant banks in the Netherlands to scrap all interest payments on retail deposits....

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Prolonged coronavirus outbreak can hurt Asia-Pacific region economies

Deccan Herald 12 Feb 2020

The deadly coronavirus outbreak, which has so far killed over 1,100 people in China, can hit economies of the Asia-Pacific region if it prolongs, and the impact will be more pronounced on banks with poor profitability and asset quality, rating agency Moody's has said ... Banks will face credit losses from exposures to weaker companies, it added....

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MoEngage Raises $25 Million Series C Investment Round, Led by Eight Roads Ventures

Waco Tribune-Herald 12 Feb 2020

The company counts several unicorns and enterprise brands as its customers, including the likes of Deutsche Telekom, CIMB Bank, Travelodge, Samsung, McAfee, Vodafone, Future Retail, Landmark Group, Mashreq Bank along with internet-first brands such as Ola, OYO, Bigbasket, and Tokopedia....

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Piramal plans mega launch of online consumer lending

The Times of India 12 Feb 2020

Piramal declined to comment ... Piramal has already appointed Jairam Sridharan, the former CFO of Axis Bank, as the CEO of retail financing ... ....

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US stocks extend gains as investors focus on latest earnings

Frederick News-Post 12 Feb 2020

Major U.S. stock indexes closed mostly higher Tuesday, led by health care companies, retailers and banks ... ....

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FM Sitharaman says recovery around the corner as retail loan disbursement up; check what data shows

Financial Express 12 Feb 2020

he economy is nearing a rebound as banks are seeing an uptick in disbursement in retail loans, Finance Minister Nirmala Sitharaman said at a media event on Wednesday ... ....