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Weekly Global News Wrap: Morgan Stanley cuts 2% of its workforce; Saga floats virtual currency
And Swedbank overhauls top management after a money laundering scandal.
Weekly Global News Wrap: Morgan Stanley cuts 2% of its workforce; Saga floats virtual currency
And Swedbank overhauls top management after a money laundering scandal.
China to list 10 commercial banks as D-SIBS
The ‘big’ four banks are likely to fall one rank below being identified as most systemically important.
Malaysia's loan growth slows to 3.2% in October
Loan applications slimmed by 1.1% in the same month.
Hong Kong virtual banks to make up 2-3% of total deposits by 2020: report
They are expected to attract “tens and thousands of customers" each.
Tougher times ahead for APAC banks as their risk appetite grows
Conditions make it hard for banks to boost earnings without taking more risk.
Chart of the Week: Singapore domestic loans up 2.6% in October
This is its fastest expansion since February 2019.
Weekly Global News Wrap: Deutsche Bank sells $50b in assets to Goldman Sachs; Lebanon to slash interest rates
And 37 emerging markets cut their benchmark interest rates in November.
Chinese regulation on ‘too big to fail' banks could reduce financial risk: analysts
It will improve transparency in the sector.
China's banks asset quality deteriorates as NPLs mount
NPL ratio climbed 3 bps compared to end-2018.
Indonesia's non-bank financial firms could face closures in 2020: analyst
The minimum capital requirement may force them to consolidate or even cease operations altogether.
Singapore, Japan central banks extend bilateral currency swap program
Under the agreement, Singapore provides yen liquidity to eligible financial firms to support cross-border operations.
Liquidity pressures to loom over India's NBFCs in 2020
Wholesale and housing finance companies are the most vulnerable.
Profit headwinds push banks to increase risk appetite
Asset quality metrics in APAC banks do not reflect the risks, Fitch noted.
Asset headwinds spell trouble for Singapore banks
OCBC and UOB have both flagged downgrades in some of their corporate accounts.
Unhedged investments threaten Japan banks' overseas profits
This is expanding into leveraged loans and collateralised loan obligations (CLOs).
ICBC, CCDO, SGX to endorse new renminbi bond indices
The new bond indices can be used as performance basis for investing in RMB bonds.
Japan banks' profit declines to persist despite overseas expansion
Any gains overseas will not be able to equal the size of domestic assets.