News

India mulls creation of asset management company to clean banking sector's bad loans

The banking sector is burdened by over $141b in stressed assets in 2017 alone.

India mulls creation of asset management company to clean banking sector's bad loans

The banking sector is burdened by over $141b in stressed assets in 2017 alone.

Vietnam banks speed up transition to chip cards

The shift from magnetic is expected to provide better cardholder protection.

Asian investment banking fees plunge to four year low after hitting $4.62b in May

However, robust deal-making activity may buoy the sector from its slump.

Thailand is developing its digital currency for interbank transactions

‘Project Inthanon’ could accelerate transaction and validation processes.

Malaysian bank earnings growth may slow 9.7% in 2018 amidst new leadership

The results of Malaysia's 14th general elections may dampen sector growth.

Bad loans at South Korean banks dip to 1.18% in Q1

Improved profits also boosted capital adequacy.

Asian banks urged to embrace fintech to slash compliance costs

Facial recognition tech might be useful to combat money laundering attempts.

India mulls consolidation of state banks

Bank of Baroda and Canara Bank may absorb smaller lenders.

Japanese mega banks expand to Saudi Arabia

MUFG is establishing a Riyadh subsidiary by October.

Chinese banks have yet to feel the brunt of deleveraging campaign

Lenders have been turning to negotiable certificates of deposit to offset interbank borrowing.

Thai banks set to feel pain from waived digital fees in Q2

There is an estimated 1% impact to FY18 earnings.

Indian state banks flounder amidst lack of leadership

The power vacuum adds to a growing list of woes plaguing the sector.

Bad loans inch up in Australian banks as mortgage arrears rise

There was an uptick in mortgage loans overdue for more than 90 days.

Weak payment culture raises credit risk of Philippine banks

The country’s financial resilience is also frail due to low-income levels.

China banks move forward on liquidity risk management front

Lenders may soon shun less stable short-term funding sources amidst clearer guidelines.

Ten Chinese banks onboard SWIFT gpi for faster cross-border payments

Three of the country’s Big 4 lenders are already live on the payments initiative.