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Singapore's circuit breaker spells downturn in loan growth
Consumer loans were mostly affected, shrinking 0.9% MoM, OCBC said.
Singapore's circuit breaker spells downturn in loan growth
Consumer loans were mostly affected, shrinking 0.9% MoM, OCBC said.
India may inject almost $20b into state-owned banks
A final decision could be made in H2 of India’s fiscal year.
Singapore big three's total dividends to decline 3.1% in 2020
UOB is expected to suspend its special dividend for the fiscal year.
Hong Kong finance firms lead in AI deployment
58% of financial firms in the city will utilise AI next year.
Stable playing field a gain for Singapore banks: report
High credit costs can be covered by profits.
Asian banks face consolidation as fintechs, neobanks usurp market
Banks’ hopes for survival lie in the US$100b of new revenue opportunities, reports McKinsey & Co.
Chart of the Week: Malaysia's consumer loan growth to decelerate in 2020
There’s just little banks can do to encourage people to take out loans.
Weekly Global News Wrap: UBS to inject millions into fintechs; Deutsche Bank chair to bow out after 2022
And two Canadian banks post better than expected results despite profit declines.
HSBC sees significant growth in new APAC wealth arm
Double-digit growth is on the horizon over the next three years.
COVID-19 accelerates digital payments adoption in South Korea
The country’s credit card issuers are seeing a rise in credit card use for online purchases.
Chinese banks' volatile results posit hazy future for 2020
City commercial lenders’ profits followed a “V” curve from 2017-2019.
Japan's MUFG to shutter 40% of local branches by 2023
It also expects 6,000 job losses by that year.
Weekly Global News Wrap: JPMorgan gives out $30b in loans for US SMEs; Citi pilots ESG unit
And Westpac admits to money laundering breaches.
Singapore allows finance firms to reopen select locations starting 2 June
But most staff will continue to work from home.
Chart of the Week: COVID-19 to drive digital payments take-up in Hong Kong
E-payments firm Octopus said that mobile wallet usage rose 30% in February.
Chinese central bank should dodge bond buying: adviser
It could lead to inflation and the depreciation of the yuan.
Japanese major banks' lending surge 3.4% in April
Borrowings by COVID-hit firms spurred the jump.
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