Markets
Taiwanese banks' leverage hits record-high as economy plunges
Taiwanese banks' leverage hits record-high as economy plunges
The hike will carry over until 2021.
Gloom on the horizon for APAC banks' profits in the next few years
Diversification of income streams has yet to yield substantial results.
Recession hounds APAC financial firms as pandemic batters credits
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
And Goldman Sachs' new performance review opens for more job cuts.
Tokyo, Sydney, aim to lure financial firms from Hong Kong
But Singapore remains the top draw due to its favorable environment and standing.
Chinese banks' capital gap to foil economy boost
Inefficient credit could potentially lead to high systemwide divide.
UOB Asset Management unveils robo-advisory app for retail clients
This makes them the first regional asset management firm to offer robo-advisory.
HSBC denies Chinese media report it ‘framed' Huawei: report
People’s Daily accused the lender of lying about the tech giant.
Indian banks face further credit slump in Q2
Scheduled commercial banks saw weaker credit growth at 5.9%.
South Korea posts record high FX deposits in June
The ongoing pandemic pushed businesses and individuals to boost holdings.
Bank of Japan may have a new pattern when buying stocks
The regulator has said it may buy up to $112b (JPY12t) in ETFs a year.
Australian banking watchdog seeks to update dividend hold policy
It said that the local economy is now less uncertain than in April.
South Korean regulator to end repo agreements
This is due to improved market liquidity and reduced demands.
Citi Hong Kong deploys bots to enhance securities services
It will help reduce potential fail trades and buy-in costs early.
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.
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1. Citibank expects increased funding for Indonesia’s infra, energy sectors 2. Banks may be ill-equipped for demands of real-time payments 3. Singapore bankers to see up to 30% pay rise in 2025 4. Asian banks face profit strain in 2025 5. Slower credit growth on the horizon for Cambodian lendersResource Center
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ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
VietinBank won Project Infrastructure Finance Deal of the Year - Vietnam at the ABF Corporate & Investment Banking Awards 2024.
