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Weekly Global News Wrap: EU banks to float 'green' indicator next year; Citigroup revises earnings after Revlon ruling
And Goldman Sachs reboots cryptocurrency desk following Bitcoin boost.
Weekly Global News Wrap: EU banks to float 'green' indicator next year; Citigroup revises earnings after Revlon ruling
And Goldman Sachs reboots cryptocurrency desk following Bitcoin boost.
Chinese fintechs must meet capital requirements within two years: CBIRC
Regulators have set various grace periods for different platforms.
HDFC Bank says internet banking issues 'resolved'
Its repeated technical glitches pushed India’s central bank to take action.
Commerzbank mulls exit from Hong Kong, other Asian locations
Asia sales activities will be bundled in Singapore.
CIMB posts $293.5m net profit for FY2020
Higher loan provisions affected the bank's performance.
OCBC net profits down 26% to $3.59b in FY2020
CEO Samuel Tsien maintained a cautious outlook for the economy’s recovery.
Demand for Islamic banking set to soar in South Asia, SEA
The large untapped population in these regions and government support will drive long-term expansion.
UOB's net profits down 33% to $4.34b in FY2020
The group emphasized wealth and connectivity-related services as tenets for growth.
No significant funds from Myanmar firms, individuals in Singapore banks: MAS
The regulator expects financial institutions to remain vigilant to any risk-posing transactions.
Chart of the Week: Growth of local e-commerce drives rise of e-payments in Australia
Buy now, pay later solutions are popular amongst Millennials.
Citigroup mulls divesting some APAC retail banking units
Revenue from consumer banking in the region declined 15% in Q4.
Australia's Bank of Queensland to acquire ME Bank for A$1.3b
This ramps up BoQ’s competitiveness via increase geographic diversity and scale of operations.
China's central bank offers $31b liquidity for banks' medium-term loans
The PBOC said authorities won’t make 'sharp turns' in monetary policy.
HSBC Singapore to name new CEO
Current chief Tony Cripps will become CEO of Saudi British Bank in May.
Philippine banks to offload bad loans via asset management firms
They will be granted tax incentives to cover transferring costs.
India shortlists four mid-sized banks for privatisation
Two of those lenders will be selected for sale in FY2021/2022.
Weekly Global News Wrap: Banks scramble with bitcoin as adoption soars; Amex probed for small consumer cards sales
And Germany's Commerzbank sinks into red with $3.3b Q4 loss.
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