News
Singapore banks to record flat EPS growth in 2020
Any revenue expansion will be offset by increases in credit costs.
Singapore banks to record flat EPS growth in 2020
Any revenue expansion will be offset by increases in credit costs.
More Indian NBFCs to go overseas amidst funding crunch
Local funding remains constrained as providers pull back amidst a slowing economy.
China's shadow banking assets shrinks to $8.42t in Q3
These assets now only account for 62% of the nominal GDP from 68% in 2018.
South Korean banks stay ahead despite digital surge: report
Fintech companies will stay focused on money transfers and other simple transaction services.
India, China, Thailand lead APAC smart card market adoption
The global smart card market will surpass $65b by 2025.
Australian banks asset quality still strong despite surging mortgage arrears
Capital ratios of major banks rose ahead of higher capital requirements by 1 January.
APAC banks to face rising bad loans, shrinking margins in 2020: Moody's
Rising credit provisions amidst falling interest rates will add pressure to banks’ profits.
Who's winning in ASEAN's cashless race?
According to Standard Chartered, cash and cheques still reign supreme although evolving customer expectations are prompting incumbents to rethink of more efficient ways to handle transactions.
Singapore crowned as APAC's fintech leader
In APAC, only Singapore and Indian cities made it into the global top ten.
India may slash benchmark rates by 25bps in February
High unemployment and a subued manufacturing sector will drive rate cuts.
Weekly Global News Wrap: Morgan Stanley cuts 2% of its workforce; Saga floats virtual currency
And Swedbank overhauls top management after a money laundering scandal.
China to list 10 commercial banks as D-SIBS
The ‘big’ four banks are likely to fall one rank below being identified as most systemically important.
Malaysia's loan growth slows to 3.2% in October
Loan applications slimmed by 1.1% in the same month.
Hong Kong virtual banks to make up 2-3% of total deposits by 2020: report
They are expected to attract “tens and thousands of customers" each.
Tougher times ahead for APAC banks as their risk appetite grows
Conditions make it hard for banks to boost earnings without taking more risk.
Chart of the Week: Singapore domestic loans up 2.6% in October
This is its fastest expansion since February 2019.
Weekly Global News Wrap: Deutsche Bank sells $50b in assets to Goldman Sachs; Lebanon to slash interest rates
And 37 emerging markets cut their benchmark interest rates in November.