banking industry

The Latest

  • Singapore Seriously Considering Issuance Of Virtual Banking Licenses
    Singapore Banking Industry
    Singaporean Prime Minister Lee Hsien Loong revealed that the city's Monetary Authority is now actively studying the possibility of issuing virtual banking licenses to digital banking startups.
  • Standard Chartered Is Third Hong Kong Bank To Scrap Account Fees
    Standard Chartered Bank
    Standard Chartered announced this week that it would be abolishing its minimum balance penalties and other fees starting August.
  • HSBC Scraps Account-Related Fee To Compete Against Virtual Banks
    HSBC Bank
    HSBC announced this week that it will be removing various account-related fees including minimum balance fees, counter fees, and annual fees.
  • China’s Banking Regulator Warns of Tough Years Ahead for Banking Industry
    Tough times ahead
    China's banking sector regulator has sharply told the country's banking industry the central government in Beijing won't tolerate any further credit expansion that will severely harm the country's efforts to get growth back on track.
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