News
India slaps 4 public sector lenders with $705,000 fine
Corporation Bank’s penalty hit $282,000.
India slaps 4 public sector lenders with $705,000 fine
Corporation Bank’s penalty hit $282,000.
Bad loans threaten Philippine banks amidst steep interest rates
Soured assets held by Philippine banks hit $430m in November 2018.
Indian banks make headway in denting bad debt in Q3
The growth of gross NPAs fell to 8.4% from 30.4% the previous year.
Struggling Chinese firms to lift Hong Kong banks' classified loan ratio to 0.75% by 2019
The number of defaults quadrupled to hit a record $17.68b in 2018.
Online banking scams in Hong Kong rose threefold in 2018
There were 62 cases of phishing last year.
South Korea braces for third internet-only bank
Shinhan Financial Group and mobile app maker Viva Republica are forming a consortium.
Weekly Global News Wrap Up: European banks struggle to lure talent against high-paying US players; EU banks face tougher hurdles in Saudi
And a Greek bank is gearing for $4b in bad loan sales.
Chart of the Week: Vietnamese banks are downplaying their problem loans
Vietinbank, for instance, reports an NPL ratio of 1.4% but the true figure is at least 3%.
China's crowded investment banking scene squeezes fees to five-year low
Average fees for equity deals fell to 3.9%.
Vietnamese banks call for higher foreign ownership ratio ceiling
Lenders are eager to meet capital requirements.
India eyes holding company structure for banks in bid to speed up consolidation: report
It has been proposed that a FHC will have the main bank as subsidiary.
Nearly 30 Chinese banks are setting up asset and wealth management units
The move comes after looser rules on AM activities.
Big Philippine banks' profits rose 9.3% to $3.07b in 2018
Interest earnings buoyed yearly profits despite higher borrowing costs.
Hong Kong mortgage loans down 20.7% to $23.5b in December
Weakening property demand weighed on loan growth.
South Korea's property curbs cool January household loans
The growth was its lowest since November 2017.
Singapore banks shun risky trading over stable fees and commissions
The share of trading and investment securities income shrunk to 36% in 2018 from 47% in 2009.
Hong Kong banker bonuses drop by a fifth as stock markets fall
Some local brokers had to make do with a lai see.