China’s retail banking sector faces regulatory and macroeconomic pressures that are lowering revenues and profits, with banks turning to AI and technology to boost growth and customer engagement

Evergrande's long-time auditor, PricewaterhouseCoopers (PwC), has been implicated for issuing unqualified audit reports despite the beleaguered property developer’s significant financial irregularities. This has led to intense scrutiny and potential regulatory and legal actions that could threaten its long-term survival, and reshape the audit landscape in China.

Bank boards globally lack enough technology experts to influence strategy decisions, though North American banks are better at integrating such experts into their boards

While asset growth of world’s 1000 largest banks remained stable, loan and deposit growth slowed

North America and Asia Pacific banks maintain overall balance sheet strength over those in other regions, with the Middle East showing some improvements. Profitability among all 1000 banks improved, driven by higher interest rates, while asset quality indicators stayed stable.

Transaction banks in Asia are rapidly advancing through innovation, adopting sustainable practices, and leveraging technology such as APIs and AI to streamline treasury and trade finance processes