Retail Banking
Chinese banks suffer heavy losses as delinquencies hit $17.88b in January
The energy sector saw the most defaults of $6.94b.
Chinese banks suffer heavy losses as delinquencies hit $17.88b in January
The energy sector saw the most defaults of $6.94b.
Implication of NPC for Chinese banks: Sticks and carrots to force lendings to private firms in exchange for more capital
During the 13th National People's Congress (NPC), Chinese Premier Li Keqiang presented the government work report. Whilst the market read the new...
Chinese banks raise record-high $48b in Q1 to plug capital crunch
Banks have been allowed to issue perpetual bonds to improve solvency ratios.
Vietnam puts pressure on remaining 14 banks to list before 2020
17 of the 31 banks have already registered for trading.
Singapore slapped $12.47m in penalties in last 18 months
Enforcement actions include 19 prohibition orders and $698,000 in civil penalties.
Philippine customers trust banks more than government with their data: survey
Around 42% trust banks the most compared to 21% who trust the government.
Weekly Global News Wrap Up: Germany's mega-bank merger may cut around 30,000 jobs; Italy eyes renewing bad loan guarantee scheme
And JPMorgan launches checkless no-overdraft accounts.
Chart of the Week: Can Chinese banks plug SMEs gaping credit crunch?
Loans to SMEs by SOCBs dropped to -4% in 2018 from 12% the previous year.
Indonesian banks face liquidity crunch as loans pick up
Loans-to-deposit ratio rose 94% in 2018 from 89.6% the previous year.
Standard Chartered unit launches startup platform
SC Ventures Fintech Bridge will link the bank with promising startups, investors and accelerators.
Korean banks' foreign branches profit up 22% to $983m in 2018
Net income from Hong Kong, China and Vietnam rose sharply.
Mortgage recovery looms for UOB as residential market stabilises
Mortgages will grow to mid-single-digit in 2019 from 4.3% in 2018.
China to let up on shadow banking crackdown in 2019
Shadow banking assets fell to around 68% of GDP in 2018.
DBS poaches former Bank of Singapore private banker
Lee Woon Shiu will be responsible for leading the bank's wealth planning, family office and insurance business.
HSBC targets US$1b in additional wealth revenue by 2020 from Asia's super-rich
The bank is adding 1,300 roles that will be assigned primarily in Hong Kong, Singapore and China.
Japan's regional lenders outline dangers of ultra-low rates
They are also calling for commercial banks to expand beyond traditional banking.
RCBC files $2.47m defamation suit vs Bank of Bangladesh after massive cyberheist
RCBC thinks that the Bangladesh Bank should pay them at least $1.90m in damages and another $570,000 to its senior VP for similar damages.
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