Markets

Singapore central bank fines trust firm for money laundering holes

Asiaciti Trust committed money laundering breaches between 2007 and 2018.

Singapore central bank fines trust firm for money laundering holes

Asiaciti Trust committed money laundering breaches between 2007 and 2018.

APAC banks face $1.27t in credit losses over the next two years

Chinese banks will account for $398b losses in 2020.

China to look into banks' quarterly green finance practices

Metrics include green finance share of total business mix.

Global banks interested in Taiwan after passage of Hong Kong security law

The government sees the shift as a way to reinvigorate economy.

India mulls reducing number of state-owned banks to five

The first part would entail the sell-off of majority stakes in six lenders.

Japan creates team to look into central bank digital currencies: report

It will follow-up on the BOJ’s efforts in this field.

China seizes financial firms linked to probed conglomerates

This is a part of a crackdown on conglomerate-posed systemic risks.

South Korea's money supply grew 1.2% in May

This was due to an increase in household and corporate loans.

Indian banks raise capital against trying times

Top private banks should be able to boost capital effortlessly.

APAC banks to account for 60% of global credit losses over 2020-2021

Credit losses are likely to peak by end-2021 and recover by 2023.

Banks push remote work for Hong Kong staff as COVID cases rise anew

City officials have detected 40 local cases on 14 July.

Taxing environment weighing down on ASEAN, Indian banks

Government support will offset but not fully eliminate the pressure.

India's Yes Bank slashes public offering share price by 55%

It is the latest Indian lender to raise capital to boost buffers against bad loans.

Indonesia widens deposit insurer's role in banking system

It will assist in supervising banks under 'intensive supervision' status.

Taiwanese banks' impaired loans may rise 2.5%

Weaker profitability will inhibit capital momentum.

Liquidity to buoy rising momentum of Chinese banks: analysts

The economy has rebounded but demand roadblocks are still present.

Thai central bank not dismissing further monetary easing

It has already cut the interest rate thrice to 0.5%.