News
Bank of East Asia commences sale of life insurance arm
It hopes to have an agreement for recurrent revenue.
Bank of East Asia commences sale of life insurance arm
It hopes to have an agreement for recurrent revenue.
Singapore investment banking fees down 39.9% in 2020 YTD
Although M&A activity has picked up in Q3 it is still lower than levels recorded last year.
Singapore regulator probing reports on suspicious bank transfers
An appropriate action will be taken based on its own review.
ABF, Poly to host communication trends and technology webinar on 22 October
Poly's Chief Technology Officer & Director, Sales Engineering, Asia Pacific Bill Zeng will take part as one of the event speakers.
ABF to hold first ever Retail Banking Virtual Conference on 17 September
Hear about the latest retail banking and finance news from top experts and executives across Asia.
China's MSE loan programme to strain banks' profitability
The banking system is expected to extend $420b in new loans to micro and small businesses.
Weekly Global News Wrap: Money transmitters, crypto firms gain from new US rules; Credit Suisse to launch digital app
And Danske Bank admits it has known about erroneous debt for years.
Chart of the Week: Chinese banks' loan growth slows to 13% in August
New loans have reached about $2.1b for the first eight months of 2020.
Philippine banking system edges closer to a digital revolution
The market has qualities favorable for virtual banks to thrive.
Hang Seng Bank adjusts branch hours
From 14 September, street-level branches will be open from 9AM-4:30 PM on weekdays.
Chinese banking sector's net profits down 24.6% YoY in Q2
Improvement in sight for H2, but lenders may face capital shortfall.
Singapore regulator floats guidelines to boost FIs' ethics, accountability
Senior managers responsible for core functions should be identified.
Indian banks now face less risks from corporate loans
Current performing loans can now better handle stress.
Chart of the Week: Pandemic drives e-commerce adoption in Malaysia
International e-wallets such as Google Pay and Masterpass are gaining steam.
Malaysia drops criminal charges vs Goldman Sachs over 1MDB
The bank has earlier agreed to pay $3.9b as settlement.
Weekly Global News Wrap: JPMorgan probing employee misuse of PPP funds; Watchdog rebukes Lloyds' unfair treatment of small firms
And Danske Bank pays up to $16m for over-charging clients.
Alternative payments reign supreme in Indian e-commerce market
Share in transactions hit 54% this year.
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