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Here's why the abolition of good and services tax is positive for Malaysian banks
The move might offset pressure on construction loans following the cancellation of the High Speed Rail last May.
Here's why the abolition of good and services tax is positive for Malaysian banks
The move might offset pressure on construction loans following the cancellation of the High Speed Rail last May.
More bailouts loom as staggering bad loans batter Chinese rural banks
State firms could end up forcing mergers or share capital injections.
South Korean banks embark on hiring spree amidst thawing Northern ties
KB Kookmin Bank is looking for a North Korean affairs specialist to support this endeavor.
Hong Kong's private banking assets hit $7.81t in 2017
More than half of total assets came from overseas locations.
Chinese banking regulator releases long-awaited draft rules for banks' WMPs
CBIRC urged banks to manage WMPs based on net value.
Singapore banks turn to China's wealthy to offset slumping stock markets
Some banks are eyeing family offices to serve Chinese entrepreneurs.
Hong Kong launches Open API framework for banks
The central bank hopes that lenders start deploying open APIs within six months.
Tightening measures are hitting APAC banks more than Basel reforms
Lenders still need to launch extensive Basel implementation plans.
Japanese banks move to halt all transactions with Iran
The move follows the exit of US from the nuclear agreement deal.
India set to inject $2b into ailing state banks
The latest capital infusion aims to enable banks to build capital buffers.
Chinese banks urged to accelerate lending as economy grinds to a halt
New credit as a percentage of GDP has plunged to a near-three-year low in June.
India needs to trim its bloated banking sector: CEA Subramanian
A healthy system has between three to five public and private sector banks.
Property curbs will hit Singapore banks hard only by 2019
Lenders have one more year of relief amidst previous approvals they drew down.
Indian ATMs and bank branches are falling short of hot demand
Rajasthan village has no banking infrastructure to serve its 5,500 residents.
Steep capital requirements may hit Asian banks holding crypto assets
Regulators are eyeing the same set of capital guidelines used for conventional assets.
Hong Kong to launch blockchain-powered trade finance platform in September
This involves the participation of the central bank and seven other lenders.
Weekly Global News Wrap Up: US banks face trouble beefing up mobile base; Embattled Wells Fargo's earnings crash to $5.19b in Q2
And an Islamic banking entity with about $92b in assets may be in the works. From Bloomberg: The biggest banks’ push into mobile is running out of low-hanging fruit. Bank of America Corp. added active mobile customers at a slower pace for at least the fourth quarter in a row in the three months through June. JPMorgan Chase & Co.’s active mobile customers increased 2.4 percent in second quarter. A year earlier, the jump was 4.1 percent.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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