News
Which APAC banks stand the most vulnerable to US tightening?
The impact spares no market in either developed and emerging Asia.
Which APAC banks stand the most vulnerable to US tightening?
The impact spares no market in either developed and emerging Asia.
Staggering costs prompt Japanese banks to shut branches down
MUFG Bank will cut the branch numbers by 20% whilst Mizuho will close around 100 domestic locations.
Are smaller banks bearing the brunt of China's bad loan problem?
NPLs for the ‘Big Five’ largely fell whilst those for smaller rural commercial banks rose to 3%. As the country’s largest lenders enjoy enhanced profitability from lower bad loan levels brought about by a macro-economic recovery, smaller lenders have not emerged unscathed as they bear the brunt of defaults and rising interest rates.
Vietnamese banks gun for greater market share of consumer finance pie
The local market is expected to be worth $44b by 2020.
Singapore introduces new reporting standards for banks
It will require data collection of RMB business activities and deposit rates to be rationalised.
Can succession business lift Japanese banks out of their earnings slump?
Regional banks may lose about 60% of inheritance funds.
Loans by Taiwanese banks in China down to $57.49b in Q1
The ratio of the country’s banking sector to the Mainland also fell.
Indian banks team up in blockchain-powered trade finance network
The collaboration will leverage on Infosys Finacle’s technology.
Bad loan cleanup push Chinese banks profits up 5.1% to $242.03b in 2017
The weighted average NPL ratio dropped from 1.65% in 2016 to 1.55% in 2017.
Singapore private banking bonuses up by as much as 7% in 2017
Bankers of the ultra wealthy can also expect bonuses in the form of stocks and shares.
Can Hong Kong steal the wealth manager crown from Switzerland?
The banking secrecy capital's dominance has been on a steady decline since 2010.
New financial reporting standards will not materially impact Malaysian bank assets: Moody's
MFRS 9 actually represent strengthened credit practices due to higher provision requirements.
Chinese banks turn to retail amidst tighter scrutiny in wealth
Operating income from the retail arm accounted for 37.56% of total bank income in 2017.
Fintech loan platform pushes to be Hong Kong's first licensed virtual bank
WeLab is backed by financial heavyweights like Alibaba and IFC.
Property pickup buoys Singapore banks' glowing growth prospects
Housing and bridging loans are expected to receive a boost from the price boom.
Banks are at the forefront of Singapore's future-ready upskilling charge
OCBC recently rolled out a massive $20m upskilling programme.
Weekly Global News Wrap Up: Mexico's banks misplaced about $20m in e-transfers; Deutsche Bank waves off Asian exit rumors
And it's a bad Q1 for German lender Commerzbank as profits drop 12%.