Retail Banking News Updates, December 5th 2012

RBS’ sale of Indian operations to HSBC cancelled
HSBC has cancelled its proposed acquisition of RBS’ Indian retail and commercial banking operations for $95 million. The cancellation comes amidst HSBC’s global cost cutting drive, and two years since the agreement was first reached.

HSBC names new head of retail banking
HSBC’s strategy and planning head, John Flint, will be replacing Paul Thurston as head of retail banking and wealth management on January 1st 2013. Flint joined the bank in 1989 and has served with the bank in Hong Kong, Singapore, Indonesia, Thailand, India, Bahrain, the United States and Britain.

Citibank launches digital global banking service in Thailand
Citibank launched Thailand's first digital global banking service, which is targetted at global customer such as as expatriates, frequent travelers and scholars studying abroad. The service aims to deliver a simplified and fast retail banking experience across globals markets and segments, allowing customers to enjoy integrated banking service across borders.

Re-disseminated by The Asian Banker