News
China cuts small banks' RRR to 8% in funding boost for credit-starved firms
The latest cut will unleash around $41.23b in long-term funding.
China cuts small banks' RRR to 8% in funding boost for credit-starved firms
The latest cut will unleash around $41.23b in long-term funding.
Singapore mulls licenses for virtual banks
The DBS CEO earlier echoed a similar stance.
Korea trials drive-thru banking in fintech sandbox
Woori Bank aims to make the service available in restaurants and car parks near the airports.
Singapore may soon allow virtual banks: DBS CEO
Gupta, however, believed that they may not pose a significant threat.
Malaysian banks hit by lower loan demand
New loan applications shrunk 6% in March.
Singapore banks turn to corporates for loan boost as mortgages weaken
Housing loan limits granted in Q1 fell to its lowest since Q4 2015 around $5.36b.
Japanese bank woes to persist as ultra-low rates to last until 2020
The negative rates will continue to eat away at profitability.
Neurogine's Jew Kee Lim to talk about how banks can expand e-wallet reach
Lim hopes to illuminate how tourists can still use e-wallets beyond their home countries.
MAS complete cross-border payments in blockchain with Canada central bank
Project Ubin was linked to Canada's experimental domestic payment network, Project Jasper.
China relaxes ownership regulations further in financial opening
Billion-dollar asset requirements have been removed.
India zeroes in on new bank merger candidates
Punjab National Bank, Union Bank of India and Bank of India are possible targets.
Hong Kong bank loans up 1.1% in March
Loans for use inside Hong Kong rose by 1.2%.
Singapore bank loans shrink to 2.9% in Q1
Consumer loan growth slowed to just 0.3% in March.
Global Weekly News Wrap Up: Credit Suisse sued for alleged $2b loan arrangement fraud; StanChart marks recovery in $1b share buyback plan
And 300,000 users signed up for HSBC's new money management app.
Chart of the Week: Indian banks' credit growth hit 13.2% in mid-April
Deposits grew by 10%.
Philippine banks tighten credit standards in Q1
SMEs, corporates and households saw tighter credit access.
Chinese megabanks hit ‘modest' profit growth in Q1
New loans reached a record amount of $862.89b.
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