News
Indian central bank drafts scheme for Lakshmi Vilas, DBS India merger
DBS will inject $345m into DBIL if the scheme is approved.
Indian central bank drafts scheme for Lakshmi Vilas, DBS India merger
DBS will inject $345m into DBIL if the scheme is approved.
Weekly Global News Wrap: Full pandemic impact on Europe banks unclear til 2021; England mulls new capital rules for small banks
And Spain's BBVA sells US business to PNC Financial Services for $11.6b.
Chart of the Week: India's payments via UPI to reach $1.7t in 2025
The entrance of WeChat Pay is expected to intensify competition in the payments space.
Earnings boost for Australian banks in 2021, but headwinds persist
Deterioration in asset quality will likely emerge in 2021.
Rough road ahead for big three banks after improved Q3
OCBC, DBS, and UOB’s earnings rose in Q3—but 2021 presents a tough test as fiscal, monetary relief gets withdrawn.
Pandemic-driven rapid digital growth benefits APAC incumbent banks
Despite the rise in digital banking demand, neobanks’ performances faltered compared to incumbent peers.
Weekly Global News Wrap: UK fintechs brace for no-deal Brexit; Societe Generale to cut 640 jobs in France
And Deutsche Bank to sell IT services division to India's Tata Consultancy.
South Korea mulls tightening rules on overdrafts: report
Household debt reached a record high of $1.47t in June.
How Spenmo helps businesses secure direct loans
The platform also allows merchants to effectively manage expenses.
Westpac to exit China, other Asian markets
It will consolidate operations into branches in Singapore, London, and New York.
Weekly Global News Wrap: Revolut to apply for US bank licence; G7 to block Facebook's Libra
And Credit Suisse hires former Bank of America investment banking head.
Philippine banks remain firm, but headwinds loom: Fitch
Weak local consumption and high credit impairment are fanning the fire.
Ageing, digitization drive new income streams to Japan's regional banks
Banks can help ageing SME owners manage business risks, says Moody’s.
APAC investment banking fees hit record-high $20.7b in 9M 2020
ECM and DCM fees both hit record-high levels.
APAC banks' problem loans to double by 2022: Moody's
India and Thailand are the most vulnerable.
Bank of Korea plans test-run circulation of digital currency in 2021
It will launch a pilot program to study the potential introduction of a new cryptocurrency.
China's shadow banking credit growth to slow in H2: Moody's
The upcoming lower interest rates on informal lending will kick on growth prospects.