Banking in Brief
Our quick news roundups:
For latest by topics:
Results Watch
Current Publications
Other Commentators
We Follow We follow bloggers who provide alternative, meaningful, serious and sometimes irreverent insights into the industry
|
Our Monday Morning Perspectives The research and editorial teams meet every Monday morning, and the following is our assessment of the most critical developments shaping the industry worldwide.
Perspectives, Monday, July 15th 2013
Keywords: Andrew Tyrie, HSBC, Alan Keir, MasterCard, CBRC, MUFG, Bank Of Ayudhya, Suncorp "The actions of regulators and governments have contributed to the decline in standards."
US citizens' financial and real-estate holdings hit a record high of $70.3t in Q1 2013, a 3.4% increase from the peak of Q3 2007, due to a surge in profits from financial investments. Alan Keir will replace Brian Robertson as HCBC Bank CEO, overseeing the bank's UK, European, Middle Eastern and African divisions. MasterCard's online shopping survey found South Africans spent $325m online shopping in 2012, a figure expected to rise 25% this year. Turkey saw online retail sales up 32.5% to $15.5b in 2012 from $11.7b in 2011, with the Association of Turkish Internet Retailers expecting volume to reach $160b by 2023. South Koreans filing for the government's personal bailout programme surged to 44,172 cases through May 2013, a 20% YoY increase, as they continue to struggle to pay off debt. China's CBRC reported total bank assets reached $22.7t as of end May 2013, up 16.3% YoY, with NPLs for commercial banks at 1.03%. Asian Banker Research found number of POS terminals in Vietnam volume totalled 104,516 in 2012, and is expected to reach 250,000 by 2015 under the government's non-cash payments push. Click here for more. Japan's Mitsubishi UFJ Financial Group agreed to buy a 75% stake in Thailand's Bank of Ayudhya for $5.75b, the biggest purchase in Southeast Asia by a Japanese bank. Click here for more. Asian Banker Research found credit card transactions in India grew to 19.6m in FY2013, a 10.8% YoY increase, as banks targeted affluent customer customer segments. Click here for more. Australia's bad bank Suncorp sold $1.6b in NPLs to Goldman Sachs for 60 cents to the dollar.
It works!
Please replace this module by copying base/default to modules/default.
Comments (0) |
White Papers
|