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HSBC's H1 profit plunges 69% to $3.1b
Rising expected credit losses and lower revenue contributed to the fall.
HSBC's H1 profit plunges 69% to $3.1b
Rising expected credit losses and lower revenue contributed to the fall.
Chinese banks should shift from SWIFT as sanctions loom: report
Higher usage of the country's own payments network would cut its exposure to the US.
Credit Suisse's APAC business reports highest level of credit provisions
The lender is bracing for losses linked to Luckin Coffee.
BNP Paribas floats Australia's first climate-linked green bond
The bond adds to the $350b in green bonds to be issued this year.
Indian banks rush to lend against $1.5t hoard of gold
Firms are expanding their gold-backed loans to accommodate families sitting on $1.5t hoard of the precious metal.
Singapore bank loans skid for fourth straight month in June
Total loans fell 1% YoY, the first since 2016.
Virtual banking knowledge remains moderate amongst Hong Kong customers
Neobanks are advised to partner with mobile wallets and offer credit cards to boost adoption.
Australian regulator eases dividend rules on banks, insurers
They have been told to maintain caution on capital distributions.
Taiwanese banks' leverage hits record-high as economy plunges
The hike will carry over until 2021.
South Korea's corporate loans rise sharply amidst the pandemic
Loans soared 14.9% from January-May compared to a year earlier.
Gloom on the horizon for APAC banks' profits in the next few years
Diversification of income streams has yet to yield substantial results.
Majority of Asian banks running archaic core banking tech: study
Outdated systems increase banks' cost-to-income ratio.
Recession hounds APAC financial firms as pandemic batters credits
The outbreak will permanently reduce the economy by 2-3%.
Weekly Global News Wrap: ECB extends dividend ban; AmEx warns of slow rebound as credit losses soar
And Goldman Sachs' new performance review opens for more job cuts.
South Korean banks' daily FX turnover tumbled 12.4% in Q2
Values were hit due to the cut in transactions and fluctuations in exchange rates.
Tokyo, Sydney, aim to lure financial firms from Hong Kong
But Singapore remains the top draw due to its favorable environment and standing.
Chinese banks' capital gap to foil economy boost
Inefficient credit could potentially lead to high systemwide divide.
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