News

Bank satisfaction deep dives in Australia after damning probe
22 Jun 18
The number of customers unlikely to recommend their bank hit a two-year peak.
Singapore to be cheque-free by 2025
22 Jun 18
The government wants to reduce cash and increase e-payments.
Japanese banks speed up cashless push before 2020 Olympics
22 Jun 18
Mizuho, MUFG Bank and Sumitomo have agreed to unify QR code specifications.
Indian banks ordered to streamline ATM security upgrades
22 Jun 18
This includes the installation of anti-skimming devices and whitelisting solutions by 2019.
Chinese audit office slams illegal activities by major banks
22 Jun 18
ICBC, BOC, and Citic extended loans to unqualified companies.
Singapore's PayNow expands to corporate fund transfers
21 Jun 18
The scheme will be a part of the Singapore Quick Response Code utilising mobile banking apps.
India eyes stressed management company housing bad loans in power sector
21 Jun 18
Soured loans in the sector are estimated at $26.4b.
Chinese banks bad loans surge to $292.55b in May
21 Jun 18
NPL ratio also rose from 1.75% to 1.9%.
Korean banks to launch blockchain ID verification programme
21 Jun 18
‘BankSign’ will be officially rolled out in July.
Cards are chipping away at cash and cheque use in Australia
20 Jun 18
Consumers made over 8.3 billion card payments in 2017, equal to 23 million transactions a day.
Vietnamese banks urged to tighten card issuance
20 Jun 18
A group claims that 50 million of the 132 million cards in circulation are not being used.
Weekly Global News Wrap Up: BofAML to pay $42m fine for misleading customers; Wells Fargo mulls merger of wealth units
20 Jun 18
And Goldman Sachs is investing $500m into women-led and owned firms.
Chart of the Week: Check out mobile wallet adoption across Asia
20 Jun 18
The value of non-cash transactions in China hit 50% in 2016.
Strong economy to buoy Korean banks growth prospects
19 Jun 18
Corporate deleveraging is also expected to keep bad loans down.
Falling credit costs soften earnings blow on Thai banks
19 Jun 18
Net profit is expected to edge up 5% in Q2.
Hong Kong banks to hike prime rates by end-June
19 Jun 18
Tighter liquidity from mega IPOs will leave lenders with no other option.
Australia intensifies oversight over fintech lending
18 Jun 18
Moody’s lauds the move as a welcome development to improve transparency.
Malaysian bank loan growth to hit 7% in 2018
18 Jun 18
However, policy uncertainty over new leadership may dampen sentiment.
Fed hike to boost interest income of Taiwanese banks
18 Jun 18
The country’s lenders own over $30b in US-denominated assets.
E-wallets to snap up 6% of Philippine payments by 2022
18 Jun 18
However, the country is still miles behind China and India.
Two in five Malaysians open to sharing bank data
15 Jun 18
However, privacy and security concerns still mar open banking adoption.
Robots could cut 10,000 Australian banking jobs over the next decade
15 Jun 18
The four major lenders slashed over 4,000 full-time roles in 2017.
Vietnam bank loans grew 6.16% in May
15 Jun 18
This represents a slightly faster expansion than the previous months.
US tightening buoys Hong Kong banks' profitability
14 Jun 18
Funding costs are expected to stay low, boosting NIMs.
Singapore and Hong Kong lead Asia's asset management charge
13 Jun 18
Their combined assets under management (AUM) hit $91.5b in 2017.
Vietnamese banks intensify capital raising activities as Basel II deadline looms
13 Jun 18
Lenders have been using retained earnings to lift CAR.
Chinese bank credit continues to build up despite deleveraging campaign
13 Jun 18
Sustained expansion in household debt pose risks to the sector’s stability.
New loans extended by Chinese banks hit $179.51 b in May
13 Jun 18
Credit continues to build up in the system despite deleveraging efforts.
Weekly Global News Wrap Up: Switzerland rejects sovereign money initiative; Credit Suisse culls senior investment banking jobs
13 Jun 18
And JPMorgan has been sued over a Mexican property transfer.
Chart of the Week: Bad loans in Malaysia inch up to 1.58% in April
13 Jun 18
The construction segment had the highest gross impaired loans at 6.96%.
Chinese fintech companies are tapping on Asia's unbanked
11 Jun 18
Indonesia and other Southeast Asian markets are the target markets.
India mulls creation of asset management company to clean banking sector's bad loans
11 Jun 18
The banking sector is burdened by over $141b in stressed assets in 2017 alone.
Vietnam banks speed up transition to chip cards
11 Jun 18
The shift from magnetic is expected to provide better cardholder protection.
Hong Kong banks wage war over fixed deposits as interbank lending rates surge
11 Jun 18
One-year HKD fixed-deposit rate is hiked to as high as 2%.
Asian investment banking fees plunge to four year low after hitting $4.62b in May
8 Jun 18
However, robust deal-making activity may buoy the sector from its slump.
Thailand is developing its digital currency for interbank transactions
8 Jun 18
‘Project Inthanon’ could accelerate transaction and validation processes.
Malaysian bank earnings growth may slow 9.7% in 2018 amidst new leadership
8 Jun 18
The results of Malaysia's 14th general elections may dampen sector growth.
Bad loans at South Korean banks dip to 1.18% in Q1
8 Jun 18
Improved profits also boosted capital adequacy.
Asian banks urged to embrace fintech to slash compliance costs
8 Jun 18
Facial recognition tech might be useful to combat money laundering attempts.
India mulls consolidation of state banks
7 Jun 18
Bank of Baroda and Canara Bank may absorb smaller lenders.

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