News
Singapore and Hong Kong lead Asia's asset management charge
Their combined assets under management (AUM) hit $91.5b in 2017.
Singapore and Hong Kong lead Asia's asset management charge
Their combined assets under management (AUM) hit $91.5b in 2017.
Vietnamese banks intensify capital raising activities as Basel II deadline looms
Lenders have been using retained earnings to lift CAR.
Chinese bank credit continues to build up despite deleveraging campaign
Sustained expansion in household debt pose risks to the sector’s stability.
New loans extended by Chinese banks hit $179.51 b in May
Credit continues to build up in the system despite deleveraging efforts.
Weekly Global News Wrap Up: Switzerland rejects sovereign money initiative; Credit Suisse culls senior investment banking jobs
And JPMorgan has been sued over a Mexican property transfer.
Chart of the Week: Bad loans in Malaysia inch up to 1.58% in April
The construction segment had the highest gross impaired loans at 6.96%.
Chinese fintech companies are tapping on Asia's unbanked
Indonesia and other Southeast Asian markets are the target markets.
India mulls creation of asset management company to clean banking sector's bad loans
The banking sector is burdened by over $141b in stressed assets in 2017 alone.
Vietnam banks speed up transition to chip cards
The shift from magnetic is expected to provide better cardholder protection.
Hong Kong banks wage war over fixed deposits as interbank lending rates surge
One-year HKD fixed-deposit rate is hiked to as high as 2%.
Asian investment banking fees plunge to four year low after hitting $4.62b in May
However, robust deal-making activity may buoy the sector from its slump.
Thailand is developing its digital currency for interbank transactions
‘Project Inthanon’ could accelerate transaction and validation processes.
Malaysian bank earnings growth may slow 9.7% in 2018 amidst new leadership
The results of Malaysia's 14th general elections may dampen sector growth.
Bad loans at South Korean banks dip to 1.18% in Q1
Improved profits also boosted capital adequacy.
Asian banks urged to embrace fintech to slash compliance costs
Facial recognition tech might be useful to combat money laundering attempts.
India mulls consolidation of state banks
Bank of Baroda and Canara Bank may absorb smaller lenders.
Japanese mega banks expand to Saudi Arabia
MUFG is establishing a Riyadh subsidiary by October.