The pessimistic global economic outlook is likely to damage the profitability of banks and lead to wealth management businesses gaining importance as a means to generate revenue via cross-selling and managing fees, according to Moody’s analysts. “The operating environment is deteriorating across the major APAC banking systems, with profitability under pressure in most systems,” Stephen Long, managing director for Moody’s…
WM gains more significance at banks as overall profitability put under pressure: Moody’s
15 October 2019

Share article
Share article
Related News

Is China facing its ‘Lehman moment’? Here’s what private banks think
27 July 2022

Movers & Shakers – Private banks turn more selective as 2H22 looms
21 June 2022

Private banks unconvinced by China’s latest effort to boost property market
20 May 2022

Noah says delisting pressure on ADRs presents “buying opportunities”, posts record revenue
15 March 2022

February Regulatory Round-up: HKMA urges banks to implement vaccine passports
8 March 2022

Private banks spy buying opportunity after volatility hits China new energy assets
4 March 2022