News
China's order may endanger banks' long-term profit outlook
The State Council’s unclear directive could have bigger implications.
China's order may endanger banks' long-term profit outlook
The State Council’s unclear directive could have bigger implications.
China's shadow banking assets grew for the first time in 2.5 years
It makes up 60.3% of nominal GDP as of Q1.
Thai banks see support in regulator's dividend restrictions: Fitch
This will help them maintain necessary resources to support lending activity.
Philippine banking system faces $13.8b in impairment losses
A severe stress scenario in the weak real estate sector will drive up NPL ratios.
Siam Commercial Bank launches trade package for SMEs
The bank has allotted nearly $129.7m in loans for SMES in the export sector.
High delinquencies on the horizon for South Korea's financial market: report
Although the market is now stable, more problems are expected, local regulator says.
Bank transfers, digital wallets spur Hong Kong's e-commerce market
The two methods are rising at CAGR of 12% and 11%, respectively.
South Korea parked $413b of investments in the US last year
The US was also the largest financial investor in South Korea.
Consumer spending to drive card payments in South Korea
The sector is posed to grow at a CAGR of 4.3% from 2019 to 2024.
Weekly Global News Wrap: US banks awash with $2t deposits; Wirecard ex-CEO arrested
And Canada’s banking regulator holds big banks’ capital buffers at 1%.
Chart of the Week: Australia's card payments to grow 5% CAGR in 2019-2024
Even small merchants are now pivoting to cashless payments, says GlobalData.
Missing Wirecard money not in the Philippine banking system
Lenders BDO and BPI have denied their involvement in the scandal.
Cambodia floats blockchain-based payments system
Users of the platform will see transaction time reduced to less than 5 seconds.
Thai central bank tells lenders to freeze dividend payments
Banks are required to prepare capital management plans for the next 1-3 years.
South Korean financial institutions spent US$935m in social contributions in 2019
Microcredit lending comprised the lion’s share of US$461m.
More investors back proposal to end Mizuho's coal lending
It could push Japanese banks to live up to promises of ending the practice.
Investments flood Singapore fintechs in April, May after quiet Q1
Total equity funding reached a record-high US$331m.