DBS, OCBC and UOB dominate the banking sector in Singapore. The state regulator harnesses and supports fintech, but it could do more.
Banks are using slick marketing to try and attract new customers but the public remains unconvinced. Upholding transparency standards must be the norm, not a distant ideal.
Chinese banks may have reported lower nonperforming loan figures than expected. But what lies beneath could be a complicated system that hides the risks of a weakening financial system.