All posts tagged "retail banking"
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652Asia-PacificMyanmar to Open Applications for Foreign Bank Licensing
Branch licences will allow wholesale banking activities, while subsidiary licences will permit retail banking services in addition to wholesale banking.
November 9, 2019 -
211Australia & NZACCC to Probe Banks on Mortgage Pricing Decision-making
The ACCC is commencing an inquiry to find out why banks are not fully passing on interest rate cuts to borrowers, and what prevents customers from switching to cheaper lenders.
October 15, 2019 -
419Australia & NZ
ACCC Chair Flags Lack of Competition in Retail Banking
The ACCC’s Rod Sims said the lack of competition is not surprising in a market dominated by four players, where no other players have managed to make serious inroads to displace them.
September 19, 2019 -
942Big PictureSingapore: Two-Thirds of Consumers Willing to Try Digital Banks
A JD Power survey has found that 65% of Singapore customers are interested in opening digital bank accounts. The survey ranked HSBC first, OCBC second and DBS third in customer satisfaction.
August 3, 2019 -
868Asia-Pacific
Myanmar Allows Foreign Banks to Set Up Local Subsidiaries
Foreign banks will be able to enter the retail banking space and operate as local banks by setting up subsidiaries, rather than just branches.
May 25, 2019 -
411Australia & NZNew Zealand Publishes Revised Code of Banking Practice
New code promises fair treatment, clear communication, customer privacy, responsible lending, effective complaints handling.
June 4, 2018 -
320Australia & NZ‘Significant’ Governance Progress from Australian Banks – McPhee Report
Key initiatives introduced at banks include customer advocacy programmes, whistleblower protection policies and conduct background checks to stamp out staff with poor behaviour records.
April 20, 2018
