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Global News Wrap Up: Turkish banks struggle under growing bad loans; Societe Generale eyes cutting 1,600 jobs
And Standard Chartered slapped with $1.1b fine for sanction violations.
Global News Wrap Up: Turkish banks struggle under growing bad loans; Societe Generale eyes cutting 1,600 jobs
And Standard Chartered slapped with $1.1b fine for sanction violations.
Chart of the Week: Chinese P2P players halved in 2018 amidst tougher regulations
Active P2P investors also fell 45.2% to 2.3 million.
Singapore banks lead STI gains with 6.1% rally in April YTD
Their average 2019 YTD total return stands at 8.6%.
Embattled Vietnamese banks take refuge in foreign investments
Japan-based J Trust Corp will buy a stake in Construction Bank for an undisclosed amount.
India could impose bad debt resolution rules on state banks: report
Lenders are hit with a total bad debt of $146b.
Korean virtual banks succumb to net losses for two straight years
K Bank and Kakao Bank saw a combined net loss of $78m in 2018.
Will China soon cut banks' reserve ratio further?
Analysts weigh that an RRR cut is still needed considering liquidity conditions.
Japanese megabanks curb hiring amidst digitalisation drive
MUFG will cut new hires by 45% as it aims to halve the number of teller-operated branches.
Weekly Global News Wrap Up: Citi buys $6.4b mortgages from UK bad bank; Goldman Sachs slapped with $45m by UK watchdog
And Wells Fargo CEO Tim Sloan is stepping down.
Chart of the Week: Singapore banks' LDR slows to 104.6% as lending weakens
On the other hand, deposits grew at a near-two year high at 6.3%.
Chinese megabanks caution against bad loans as year-end profits take hit
Lenders also sharply increased provisions for future bad debt.
Regional gains boost Singapore bank loans amidst weakening domestic demand
Regional loan growth of 0.3% outpaced domestic loan expansion of 0.2%.
Korean banks urged to break heavy reliance on interest income
Non-interest related earnings made up 12% of 2018 profits.
Indian banks successfully dent bad loans in 2018
The NPL ratio fell to 10.8% from 11.5% the previous year.
Payment apps make headway in cash-heavy Japan
Fintech firm PayPay is setting aside $91m of reward points to incentivise usage.
Hong Kong banks' loan growth slows to 3.03% in February
Trade finance loans fell for the sixth straight month to $60.86b.
Why you shouldn't miss ABF Digital Payments Summit 2019
The region’s payment power players will grace the prestigious event.
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