News
Asian bankers face ‘new normal' as they return to offices
Despite the measures, some have expressed relief at physically seeing their colleagues again.
Asian bankers face ‘new normal' as they return to offices
Despite the measures, some have expressed relief at physically seeing their colleagues again.
Indian banks want government to fund ‘bad bank'
They are pitching for an asset reconstruction company to buy NPLs.
China's central bank to run medium-term loan operations
A batch of $28.b in loans will expire on 14 May.
Weekly Global News Wrap: Spanish banks reopen; StanChart defends climate goals after carbon finance flak
And Morgan Stanley agrees to pay $5m fine.
Australian banks' cash earnings drop 42.6% YoY to $5.4b
Sector braces for more uncertainty as banks cancel or defer dividend payouts.
Philippine banks' credit losses to rise threefold in 2020
Credit costs in select banks have already increased by up to 4.9%.
Regulations to quell slight uptick in Hong Kong banks' credit losses
Credit losses will notably decline in 2021.
Singapore's Big Three banks fell in Q1 as pandemic persists
Compressed net interest margin and rise in non-performing loans are to be expected, according to analysts.
Australian banks defer $130b in loans
100,000 loans were deferred in the past week.
Rising overdue loans imperil Vietnamese banks' capital
Delinquencies are likely to further rise as economic outlook remains gloomy.
OCBC's Q1 profit plunges 43% YoY to $698m
Banking and insurance operations suffered tremendous losses.
Volatility spells investment losses for Thai non-bank financial firms
Higher NPLs and credit costs may set in once measures expire.
Chinese banks still see long-term stability ahead
The sector is cushioned enough to absorb eroding asset quality.
UOB's net profit down 19% to $855m in Q1
Total impairment charges skyrocketed 96% to $286m.
2020 tipped to be the worst year for China's retail savings and investments
Losses will affect China’s high net worth segment significantly.
Weekly Global News Wrap: JPMorgan cleared to make $15b in new loans to small firms; BNP Paribas posts 33% crash in net income
And Norwegian wealth fund backs Barclays’ climate talks.
Chart of the Week: China's consumer lending market growth to stall at 6.2% in 2020
This is ten percentage points lower than the 16.3% growth recorded last year.