Retail Banking

Indonesian banks to reflect COVID's fatal impact on Q2 results: Fitch

But the loosening of loan restructuring rules should help alleviate negative effects.

South Korean banks to begin implementing Basel III by end-June

Kwangju Bank and JB will be the first to make the shift.

DBS rolls out sustainable transition finance framework and taxonomy

The taxonomy will outline the banks’ “green” and “transition” transactions.

China's order may endanger banks' long-term profit outlook

The State Council’s unclear directive could have bigger implications.

Thai banks see support in regulator's dividend restrictions: Fitch

This will help them maintain necessary resources to support lending activity.

Philippine banking system faces $13.8b in impairment losses

A severe stress scenario in the weak real estate sector will drive up NPL ratios.

Weekly Global News Wrap: US banks awash with $2t deposits; Wirecard ex-CEO arrested

And Canada’s banking regulator holds big banks’ capital buffers at 1%.

Thai central bank tells lenders to freeze dividend payments

Banks are required to prepare capital management plans for the next 1-3 years.

MUFG Bank to invest in NTT Finance Corp's green bond

It will be used to finance sustainable green building projects.

UOB reopens seven more branches in Singapore

These banks are located in high footfall retail areas.

Singapore digital bank aspirants down to 14

MAS asked the applicants to update their business plans and financial projections.

HSBC resumes plan to axe 35,000 jobs: report

CEO Noel Quinn said that they will maintain a freeze on almost all external recruitment.

Hope for Malaysian banks in 2021 after ‘washout' 2020: analyst

Bank earnings are likely to rebound 7.9% YoY in aggregate net profit.

US dollar deposits at South Korean banks rise amidst outbreak

Outstanding dollar deposits at five local banks have reached $47b.

Singapore's financial institutions allowed to reopen branches, resume in-person meetings

They must implement all safety measures and maintain a record of meetings.

Hong Kong virtual bank Airstar launches services to the public

The bank offers savings, time deposit, and personal loan products.