Banking

Fintech has Lowered Asia's Financially Excluded


Due to innovations in financial technology and changes in the enabling environment, the number of financially excluded adults across Asia and the Pacific has dropped to about 1 billion.

Increased access to affordable financial services can be a lever for Asians to smooth consumption, manage risk and improve their lives through better savings options, access to credit, and cheaper payments or remittances.

Are Some EU Banks 'Too Big to Save'?


Early in the financial crisis, the US forced all large banks to take an infusion of capital.  This helped put a floor under the US financial system.  Regulators and stakeholders encouraged US banks to address the significant nonperforming loan problem. 

Aussie PM Turnbull Takes a Swipe at Banks...at a Bank Luncheon


Prime Minister Malcolm Turnbull has given Australia’s banks a bollocking for unethical behaviour, suggesting they have not repaid the support they received during the global financial crisis.

Speaking at Westpac’s 199th birthday lunch - a day after the Australian Securities and Investment Commission launched legal action against the bank for allegedly manipulating the bank bill swap rate (BBSW) - Turnbull said many Australians were asking whether banks had lived up “to the standards we expect”.

Barclays Pulls the Ripcord in Africa


Barclays has announced it is to withdraw from Africa. It will gradually reduce its 62% stake in Barclays Africa Group over the next two to three years – and, naturally, this raises questions about the prospects for banking in Africa, where Barclays has had a presence since 1925.