News

Which Singapore banks are the most vulnerable to trade tensions?

The Greater China region represented a fourth of one bank’s profit before tax.

China has over 7 billion bank cards in circulation in 2017

Each Chinese person has about 5 cards on average.

Chart of the Week: Non-bank Chinese exposure of Hong Kong banks doubles to 15% in 2017

Fitch, however, warns against the associated risks of greater Mainland exposure.

10,000 banks aboard SWIFT gpi for faster cross-border payments

Three of China’s big four banks are already live on the platform.

Indonesian banks poised for steady loan growth despite higher lending rates

Lending will be led by big banks who can lure clients from smaller players.

Rural lending woes come knocking at Australian banks

Lenders may not be willing to take risks with little return guarantees.

China slashes reserve requirement to counter trade war pressures

The move releases around $108b in fresh liquidity into the system.

Bank satisfaction deep dives in Australia after damning probe

The number of customers unlikely to recommend their bank hit a two-year peak.

Singapore to be cheque-free by 2025

The government wants to reduce cash and increase e-payments.

Japanese banks speed up cashless push before 2020 Olympics

Mizuho, MUFG Bank, and Sumitomo have agreed to unify QR code specifications.

Indian banks ordered to streamline ATM security upgrades

This includes the installation of anti-skimming devices and whitelisting solutions by 2019.

Chinese audit office slams illegal activities by major banks

ICBC, BOC, and Citic extended loans to unqualified companies.

Singapore's PayNow expands to corporate fund transfers

The scheme will be a part of the Singapore Quick Response Code utilising mobile banking apps.