News

Banks have been allowed to issue perpetual bonds to improve solvency ratios.

17 of the 31 banks have already registered for trading.

Enforcement actions include 19 prohibition orders and $698,000 in civil penalties.

Around 42% trust banks the most compared to 21% who trust the government.

They still fall flat of Europe and North America’s dominance.

2 in 5 APAC millennials contact their RMs through chat application in Q2 2018.

And JPMorgan launches checkless no-overdraft accounts.

Loans to SMEs by SOCBs dropped to -4% in 2018 from 12% the previous year.

Bad loans grew 16.17% even as total loans rose 13.6%.

Loans-to-deposit ratio rose 94% in 2018 from 89.6% the previous year.

With average loan sizes of US$35,000-200,000, farming remains the main opportunity.

Net income from Hong Kong, China and Vietnam rose sharply.

Shadow banking assets fell to around 68% of GDP in 2018.

Tracey Davies, President of Money20/20, and founder of the Rise Up initiative, outlines the five ways the program empowers women at work as the initiative comes to Singapore.

Underperforming lenders may be requested to close down branches.

The rise of mobile and online banking meant less branch staff.