News
Hong Kong slaps $100m fine on global banks over IPO sponsor failures
UBS faces the highest fine of $47.77m.
Hong Kong slaps $100m fine on global banks over IPO sponsor failures
UBS faces the highest fine of $47.77m.
Singapore banks' credit costs to rise 5bp in 2020
The IFRS9 will require banks to set aside for anticipated losses.
Vietnamese banks urged to stem rapid lending
The loan growth of commercial banks hit 17-18% on average.
Japan's regional lenders outline dangers of ultra-low rates
They are also calling for commercial banks to expand beyond traditional banking.
Asian Banking and Finance Retail Banking Awards 2019 opens for nominations
Entries will be accepted until 10 May.
Australian banks slammed over repayment delays
Customers had to pay for services they did not receive.
Chart of the Week: P2P lending on the rise in Indonesia amidst lax rules
P2P financiers dispersed $1,400 in loans in December.
Weekly Global News Wrap Up: EU banks' foreign deposits fall amidst money laundering probe; Sweden mulls bank tax
And a California bill proposes creation of local banks.
Malaysian bank loan growth up 5.6% in 2018
Corporates and households drove yearly lending demand.
Chinese banks urged to ramp up lending to rural businesses
Outstanding loans to rural areas already hit $4.91t in 2018.
Korean banks to maintain London operations despite Brexit: report
Reports noted that banks considered Frankfurt for their new locations amidst Brexit fears.
Japan banks bid goodbye to centuries-old tech in paperless shift
Hanko or personal stamps are being phased out.
Chinese banks' new loans falls sharply to $131.8b in February
This is only a third of the $480.75b in loans issued in January.
E-money transactions in Indonesia hit $3.3b in 2018
Users turned to digital money for e-commerce, mobile SIM top-ups, and public transport.
Trade tensions fail to rattle Chinese banking outlook: survey
Two in 5 bankers believe China’s economy will grow by around 6.5-7%.
Malaysian banks' earnings rose 7% in Q4
Lumpy recoveries of Maybank, AmBank, and Hong Leong Bank boosted the sector’s earnings.
Chinese banks' record-high lending boost only short-term gains
Short-term loans surged 57.8% in January whilst mid- and long-term loans only rose 5.3%.
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