Hong Kong
Bank of East Asia's profit plunges 49.9% to $411m in 2019
Bank of East Asia's profit plunges 49.9% to $411m in 2019
The decline was attributed to an increase in impairment losses in Mainland China.
HSBC staff have qualms over bank's revamp
The bank’s commitment to the overhaul was questioned due to Quinn’s interim status.
HSBC profits crash 53% to $6b in FY2019
A goodwill impairment of $7.3b dragged down their profits.
HSBC to shed $100b in assets in massive revamp
About 35,000 jobs may be axed over the next three years.
ZA Bank cools off price war talks: report
It offers an introductory deposit rate of 6.8%.
HSBC faces third major overhaul
Biggest market Hong Kong is hit with anti-government protests and the COVID-19 outbreak.
Hang Seng Bank floats relief measures for COVID-19 affected clients
Principal payment deferrals are offered for SMEs and commercial banking clients.
Hong Kong banks' earnings to remain weak as coronavirus cripple operations
Around 20-30% of bank branches will likely temporarily close or shorten operating hours.
Majority of Gen Z use credit cards: survey
They have a median balance per consumer of $555 (HKD4,316).
HSBC earmarks $3.9b in liquidity relief for businesses
It is easing borrowing terms to aid companies affected by the coronavirus outbreak.
HSBC to slash senior managerial roles, presence in smaller markets
It is part of a strategic plan by interim CEO Noel Quinn to boost the bank’s profitability.
Credit Suisse calls off Hong Kong meet over coronavirus outbreak
The event was originally scheduled on 25-27 March.
Mastercard, Dah Sing Bank, BBPOS launch mobile payment app for SMEs
Tap on Phone allows merchants to accept contactless card payments.
Hong Kong banks' profits threatened as nCov drags on credit demand, interest margins
Average credit losses are estimated to be 25bp-30bp.
Bank of East Asia closes 20 branches due to coronavirus
ATMs located within closed branches will also be unavailable.
HSBC mulls fleeing Turkey amidst bearish economy
The bank will sell its operations in the country if it can find a local buyer.
Banks urge Hong Kong staff to work from home after travels from China
Global banks are stepping up their measures amidst the coronavirus scare.
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