News

ANZ and DBS are amongst the banks working with SWIFT.

Only US$406m in venture capital funding was raised in Asia.

These new measures are likely to be negative for corporate bonds.

CASA expanded at a faster rate of 8.3%.

That is despite a slight recovery in February.

New NPL formation is seen to stabilise.

And Deutsche Bank is fined $156m for forex violations.

Thanks to the system's CASA ratio rising to a multi-year high of 27.1% in February.

This is due to their faster asset growth rate.Moody's Investors Service says that the 2016 results of the 11 listed Chinese banks rated by Moody's continued to testify to profitability pressures from China's slowing economic growth, despite the absence of any significant deterioration in reported asset performance.

Thanks to the banks' strong capital positions.

As banks pull out, Chinese bonds and equities retreat, says Bloomberg.

Thanks to strong economic growth in the country.

Loan demand will also pick up to mid-single-digit growth.

Credit uptake will likely increase in the coming quarters.

Net interest margins will continue to narrow and asset impairments will increase.

NIMs are expected to remain muted with only a 1-2bp pickup.