Markets
Bangladesh issues sovereign sukuk worth $463.24m
Bangladesh issues sovereign sukuk worth $463.24m
A total of 39 financial institutions participated in the auction.
Shopee parent Sea acquires Indonesia's Bank BKE
The tech startup has raised $3b in stock offering for its business expansion plans.
Pandemic-driven rapid digital growth benefits APAC incumbent banks
Despite the rise in digital banking demand, neobanks’ performances faltered compared to incumbent peers.
Debates arise on security law's effects on Hong Kong finance sector
Is there really a capital exodus from Hong Kong to Singapore?
What banks are getting wrong in their restructuring plans
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
Senior managers responsible for core functions should be identified.
More profit woes for Chinese banks as regulators plan NPL hike
$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
And JPMorgan exits Brazilian private banking business.
China's megabanks ramp up employment despite falling profits
The Agricultural Bank of China has already hired 4,500 people.
South Korean banks' FX deposits hit record $87.4b in July
Dollar deposits gained $2.76b during the month.
Asset quality, earnings pressure loom over Australia's big banks
There is underlying economic uncertainty due to rising infections and stricter restrictions.
Thai banking system still strong despite lower profits: central bank
Capital funds and provisions were raised to guard against the slump.
Jefferies, Regis Partners team up for Philippine cash equities business
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
The government is pushing for privatization to help raise funds for its budget.
Weekly Global News Wrap: Goldman Sachs cuts Q2 earnings for 1MDB settlement; Barclays probed for spying claims
And Revolut says losses more than tripled in 2019.
Return of private placements boost Chinese regional banks' capital
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
And France suspends Morgan Stanley from some treasury bond deals.