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Banks push remote work for Hong Kong staff as COVID cases rise anew
City officials have detected 40 local cases on 14 July.
Banks push remote work for Hong Kong staff as COVID cases rise anew
City officials have detected 40 local cases on 14 July.
South Korea's credit card use shrinks 2.1% amidst the pandemic: report
Daily average use of contact-free spending jumped 12.7% from Feb to May.
Weekly Global News Wrap: Central bankers push to drop Libor by end-2021; Wells Fargo posts $2.4b Q2 loss
And regulators race to enact cross-border payment rules to counteract Facebook.
South Korean banks to reduce lending in Q3: survey
Credit risk scores for the sectors are likely to record an increase, says the Bank of Korea.
Chart of the Week: COVID-19 hastens digital payments exodus in APAC
Business activities and consumer spending will further fast-track the growth.
Thai banks' earnings down 20% in Q2: UOBKH
But banks may be able to pay dividends due to their solid capital.
MUFG to expand lending business in Thailand with Grab investment
Chief executive Hironori Kamezawa hinted on shifts in their overseas strategy.
Taiwan's Cathay Financial Holdings mulls raising stake in Indonesian bank
It may complete its due diligence next week.
Taxing environment weighing down on ASEAN, Indian banks
Government support will offset but not fully eliminate the pressure.
South Korean banks' delinquency rate shrinks in June: report
But this was due to more lending out rather than a decline in overdue loans.
China's credit growth peaks as PBOC brakes on easing
The gain will likely last for the short term.
Indonesia widens deposit insurer's role in banking system
It will assist in supervising banks under 'intensive supervision' status.
Chinese banks should brace for bad loans: CBIRC
Outstanding non-performing loans totalled $514b in end-June.
Banks seek trade finance revamp after billions in losses: report
Lenders are struggling to reclaim loans as big traders trick banks with empty promises.
Australian banks' loan deferral extension targets 'cliff' risks: Fitch
It will also give borrowers headroom to examine their financial conditions.
Taiwanese banks' impaired loans may rise 2.5%
Weaker profitability will inhibit capital momentum.
Banks with “shattered” business models warned by regulator to adapt: report
The FSA has targeted some local lenders for “intensive dialogue”.
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