Markets

Asian banks could be wasting their digital potential
21 Oct 20
Going digital does not equal better cost benefits, and developed markets are most at risk, says Morgan Stanley.
APAC provisioning levels to remain elevated until 2021: Fitch
30 Sep 20
Annualised credit costs of 79 APAC banks averaged 1.26% of gross loans in H1.
Chinese listed banks' net profits down 9.05% in H1
25 Sep 20
Their fee and income growth slowed whilst NPLs rose.
Singapore's banking system to recover in two years: S&P
25 Sep 20
Even though it’ll be amongst the first to improve, recovery will still take until end-2022.
Debates arise on security law's effects on Hong Kong finance sector
25 Sep 20
Is there really a capital exodus from Hong Kong to Singapore?
Hong Kong regulator assures effective anti-money laundering supervision: report
22 Sep 20
Reports alleged that some banks have moved illicit funds over the last two decades.
What banks are getting wrong in their restructuring plans
11 Sep 20
Lenders are relying too much on past risk data and numbers instead of long-term growth prospects.
Singapore regulator floats guidelines to boost FIs' ethics, accountability
10 Sep 20
Senior managers responsible for core functions should be identified.
More profit woes for Chinese banks as regulators plan NPL hike
3 Sep 20
$160.9m of targeted full-year NPL resolution were completed in H1.
Weekly Global News Wrap: Banks eye layoffs as pandemic costs loom; Credit Suisse applies for Spanish investment bank licence
2 Sep 20
And JPMorgan exits Brazilian private banking business.
China's megabanks ramp up employment despite falling profits
25 Aug 20
The Agricultural Bank of China has already hired 4,500 people.
South Korean banks' FX deposits hit record $87.4b in July
24 Aug 20
Dollar deposits gained $2.76b during the month.
Asset quality, earnings pressure loom over Australia's big banks
20 Aug 20
There is underlying economic uncertainty due to rising infections and stricter restrictions.
Thai banking system still strong despite lower profits: central bank
20 Aug 20
Capital funds and provisions were raised to guard against the slump.
Jefferies, Regis Partners team up for Philippine cash equities business
19 Aug 20
Jefferies will distribute equity research on local-based companies to its client base globally.
Indian prime minister keen to ramp up stake sale of four banks: report
19 Aug 20
The government is pushing for privatization to help raise funds for its budget.
South Korea may extend eased liquidity rules for banks: report
17 Aug 20
The foreign exchange liquidity rules are eased until September.
Weekly Global News Wrap: Goldman Sachs cuts Q2 earnings for 1MDB settlement; Barclays probed for spying claims
12 Aug 20
And Revolut says losses more than tripled in 2019.
Return of private placements boost Chinese regional banks' capital
10 Aug 20
They allow for tailored government participation in bank recapitalisation.
Weekly Global News Wrap: US Fed, shadow banks on collision course; Banks toughen lending even as demand falls
5 Aug 20
And France suspends Morgan Stanley from some treasury bond deals.
Singapore's GIC, Temasek buy shares in India's most profitable bank
4 Aug 20
Bandhan Bank’s biggest shareholder sold some of its stake to meet regulatory rules.
SFF x SWITCH 2020 to adapt hybrid online-offline platform
3 Aug 20
The event, running from December 7-11, will be hosted across cities globally.
Taiwanese banks' leverage hits record-high as economy plunges
30 Jul 20
The hike will carry over until 2021.
Gloom on the horizon for APAC banks' profits in the next few years
29 Jul 20
Diversification of income streams has yet to yield substantial results.
Recession hounds APAC financial firms as pandemic batters credits
29 Jul 20
The outbreak will permanently reduce the economy by 2-3%.
Weekly Global News Wrap: ECB extends dividend ban; AmEx warns of slow rebound as credit losses soar
29 Jul 20
And Goldman Sachs' new performance review opens for more job cuts.
Tokyo, Sydney, aim to lure financial firms from Hong Kong
28 Jul 20
But Singapore remains the top draw due to its favorable environment and standing.
Chinese banks' capital gap to foil economy boost
28 Jul 20
Inefficient credit could potentially lead to high systemwide divide.
UOB Asset Management unveils robo-advisory app for retail clients
27 Jul 20
This makes them the first regional asset management firm to offer robo-advisory.
HSBC denies Chinese media report it ‘framed' Huawei: report
27 Jul 20
People’s Daily accused the lender of lying about the tech giant.
Indian banks face further credit slump in Q2
27 Jul 20
Scheduled commercial banks saw weaker credit growth at 5.9%.
South Korea posts record high FX deposits in June
23 Jul 20
The ongoing pandemic pushed businesses and individuals to boost holdings.
Bank of Japan may have a new pattern when buying stocks
23 Jul 20
The regulator has said it may buy up to $112b (JPY12t) in ETFs a year.
Australian banking watchdog seeks to update dividend hold policy
23 Jul 20
It said that the local economy is now less uncertain than in April.
South Korean regulator to end repo agreements
23 Jul 20
This is due to improved market liquidity and reduced demands.
Citi Hong Kong deploys bots to enhance securities services
22 Jul 20
It will help reduce potential fail trades and buy-in costs early.
Singapore central bank fines trust firm for money laundering holes
22 Jul 20
Asiaciti Trust committed money laundering breaches between 2007 and 2018.
APAC banks face $1.27t in credit losses over the next two years
22 Jul 20
Chinese banks will account for $398b losses in 2020.
China to look into banks' quarterly green finance practices
22 Jul 20
Metrics include green finance share of total business mix.
Global banks interested in Taiwan after passage of Hong Kong security law
21 Jul 20
The government sees the shift as a way to reinvigorate economy.

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