Hong Kong
Bank of China HK's NIM contracts despite cross-border growth
The bank will likely focus on loan mix and deposit adjustment to reduce impact.
Bank of China HK's NIM contracts despite cross-border growth
The bank will likely focus on loan mix and deposit adjustment to reduce impact.
Hong Kong banks' asset quality battered by COVID-19 and protests
Exodus of corporate clients, mortgage risks, and dropping credit card use pose a big threat on revenues.
MUFG Bank names Pierre Ferland as co-head of global markets for Asia
He was the former CEO of MUFG Securities Asia.
Xiaomi and AMTD-backed neobank Airstar starts pilot service
It will on-board 2,000 customers from acquaintances and families of staff.
Hong Kong's first virtual bank starts operations
The firm is offering a savings rate of 1% for deposits up to $500,000.
Volatile market tests Hong Kong banks' buffers
Local lenders face losses as stock markets globally fall to bear market.
HSBC names Noel Quinn as CEO
He had been serving as interim chief since August 2019.
HKMA cuts base rate to 0.86%
It had already slashed the rate to 1.5% earlier this month.
Hang Seng Bank to reopen nine branches
Three in Hong Kong Island, three in Kowloon, and three in New Territories.
Citigroup names Loretta Ko as Hong Kong financial institutions head
She was formerly with Banco Santander where she held the same position.
StanChart consortium unveils Hong Kong virtual bank Mox
It will launch Asia’s first numberless bank card when it launches later this year.
Bank of East Asia to review its portfolio
Profits were nearly halved in Q4 2019 due to impairment losses from mainland China.
StanChart's earnings recovery to be delayed by COVID-19: S&P
The group’s target 10% RoTE will likely be delayed beyond 2021.
J.P. Morgan names Filippo Gori as APAC chief
He will replace Nicolas Aguzin.
Check out Hong Kong's top fintech deals from 2015-2019
Online brokerage firm Futu Holdings raised $145.5m, the largest deal since 2015.
HSBC targets overseas-minded customers with $1.4t wealth unit
They plan to focus on mortgages, wealth and insurance products, and unsecured lending.
Hong Kong records $2.92b in fintech investments for 2019
WeLab $1.21b funding round was the largest fintech deal for the year.
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