News
Singapore, US to support financial data cross-border transfer
It will be allowed as long as financial regulators have access to data.
Singapore, US to support financial data cross-border transfer
It will be allowed as long as financial regulators have access to data.
Singapore banks modest for Q4 2019 due to slow loan growth, weak NIMs
But high FY2019 momentum should present higher dividends.
HSBC to slash senior managerial roles, presence in smaller markets
It is part of a strategic plan by interim CEO Noel Quinn to boost the bank’s profitability.
Thai banks' loan growths, asset quality may dwindle due to coronavirus
Profit levels, strong capital, and good coverage ratios may soften short-term impacts.
Credit Suisse calls off Hong Kong meet over coronavirus outbreak
The event was originally scheduled on 25-27 March.
MAS' monetary policy stance to remain unchanged despite nCov impact
S$NEER is still said to be in line with weaknesses in Singapore’s economy.
Japan's MUFG hit with first loss in 10 years
It recorded a $236m loss in Q3 due to its core unit’s one-off charge.
Coronavirus will have little impact on Malaysian banks: analyst
Overnight policy rate cut and the 2019 nCov dented the sector.
Weekly Global News Wrap: Turnarounds plunge Deutsche Bank to $6b loss; Goldman Sachs plans to offer loans on Amazon
And Morgan Stanley pledges $20m for children’s mental health programs.
Chart of the Week: Malaysia's loan growth halved to 3.9% in 2019
Both household and non-household loan growth slowed.
China banks' NPL ratio could rise up above 6% if nCov outbreak persists
This could lead to shaving off 378 basis points from the sector’s capital adequacy ratio.
Hong Kong banks' profits threatened as nCov drags on credit demand, interest margins
Average credit losses are estimated to be 25bp-30bp.
Thai banks on an overseas buying spree
But this could reduce their capital buffers and create additional risks.
Coronavirus outbreak to drag on Singapore banks' loan growth, earnings
Asset quality could weaken if the outbreak would continue to persist in the coming months.
Bank of East Asia closes 20 branches due to coronavirus
ATMs located within closed branches will also be unavailable.
China's fintech lending to grow 16% between 2017 and 2023
But weak regulations still slip through the cracks.
SME credit support immaterial to Sri Lankan banks' credit profiles
Improved liquidity due to slow loan growth last year should cushion the effects.