News

Cash and cheques still account for 40% of Singapore payments
21 Feb 19
Hawker centres, food courts and wet markets remain heavily dependent on cash.
Japanese investment banks lose out to global players in M&A spree
20 Feb 19
US heavyweights may be in a stronger position to advise on foreign targets.
Weekly Global News Wrap Up: JPMorgan rolls out cryptocurrency; Estonia kicks out scandal-hit Danske bank
20 Feb 19
And the market rout weighed on HSBC's full-year earnings.
Chart of the Week: Thai banks raise capital shields against bad loans
20 Feb 19
Total capital adequacy ratios hit 18% in November 2018.
Indian banks swing back into the black in Q4
20 Feb 19
Earnings hit $21.56m with private banks leading the quarterly gains.
Chinese banks' new loans hit record high at $477b in January
19 Feb 19
Regulators have encouraged banks to lend more to firms hit by the deleveraging.
Philippine banks embrace real-time electronic fund transfer system
19 Feb 19
Both Instapay and Pesonet have seen banks grow to 47 and 42 respectively.
Japanese regional banks jump in on cashless payment initiative
18 Feb 19
J-Coin enables transactions without the need to install readers.
Philippine banks agree on $410m debt-equity swap to save troubled Hanjin
18 Feb 19
The five creditors have agreed to swap debt for shares in the parent firm.
China's shadow banking sector to shrink to half of GDP in 2019
15 Feb 19
Lenders have been shifting to on-balance sheet activities.
India slaps 4 public sector lenders with $705,000 fine
15 Feb 19
Corporation Bank’s penalty hit $282,000.
Bad loans threaten Philippine banks amidst steep interest rates
14 Feb 19
Soured assets held by Philippine banks hit $430m in November 2018.
Indian banks make headway in denting bad debt in Q3
14 Feb 19
The growth of gross NPAs fell to 8.4% from 30.4% the previous year.
Struggling Chinese firms to lift Hong Kong banks' classified loan ratio to 0.75% by 2019
14 Feb 19
The number of defaults quadrupled to hit a record $17.68b in 2018.
Online banking scams in Hong Kong rose threefold in 2018
13 Feb 19
There were 62 cases of phishing last year.
South Korea braces for third internet-only bank
13 Feb 19
Shinhan Financial Group and mobile app maker Viva Republica are forming a consortium.
Weekly Global News Wrap Up: European banks struggle to lure talent against high-paying US players; EU banks face tougher hurdles in Saudi
13 Feb 19
And a Greek bank is gearing for $4b in bad loan sales.
Chart of the Week: Vietnamese banks are downplaying their problem loans
13 Feb 19
Vietinbank, for instance, reports an NPL ratio of 1.4% but the true figure is at least 3%.
China's crowded investment banking scene squeezes fees to five-year low
13 Feb 19
Average fees for equity deals fell to 3.9%.
Vietnamese banks call for higher foreign ownership ratio ceiling
12 Feb 19
Lenders are eager to meet capital requirements.
India eyes holding company structure for banks in bid to speed up consolidation: report
12 Feb 19
It has been proposed that a FHC will have the main bank as subsidiary.
Nearly 30 Chinese banks are setting up asset and wealth management units
12 Feb 19
The move comes after looser rules on AM activities.
Philippine banks' profits climbed 9.3% to $3.07b in 2018
11 Feb 19
Interest earnings buoyed yearly profits despite higher borrowing costs.
Hong Kong mortgage loans down 20.7% to $23.5b in December
11 Feb 19
Weakening property demand weighed on loan growth.
South Korea's property curbs cool January household loans
8 Feb 19
The growth was its lowest since November 2017.
Singapore banks shun risky trading over stable fees and commissions
8 Feb 19
The share of trading and investment securities income shrunk to 36% in 2018 from 47% in 2009.
Hong Kong banker bonuses drop by a fifth as stock markets fall
8 Feb 19
Some local brokers had to make do with a lai see.
Malaysian bank loan growth drops further to 5.6% in December
8 Feb 19
Working capital, construction, home and auto loans weakened.
Weekly Global News Wrap Up: US consumer loan demand takes hit in Q4; Canada housing slump prompts calls for looser mortgage rules
6 Feb 19
And HSBC is said to be cutting over 50 investment banking jobs.
Chart of the Week: Singapore banks' dividend yields eclipse ASEAN peers at 5.1% in 2019
6 Feb 19
Such levels are higher than banks in Indonesia and the Philippines.
Vietnam hammers hard on bad loans as banks clear $6.42b in soured assets in 2018
6 Feb 19
This brings the bad loan ratio to 1.89% in 2018 from 1.99% in 2017.
3 in 5 Singaporeans believe fintechs are as trustworthy as banks: survey
4 Feb 19
Around 13% even believe that fintechs deserve more trust than old-guard lenders.
Philippine bank accounts up 6.8% to 57.1 million in 2017
4 Feb 19
The number of unbanked local government units also dipped to 554 from 582.
China urges banks to temper lending in January
4 Feb 19
Banks typically front-load loans early in the year.
Cambodia and Thailand ink deal on QR code scheme
4 Feb 19
It aims to boost local currency usage of both the riel and baht.
Foreign players can now buy into Myanmar's domestic banks
4 Feb 19
They can hold up to 35% stake in local lenders.
India lifts curbs on three public sector banks as recovery looms
4 Feb 19
They have successfully met capital and bad loan requirements.
Singapore bank loans grow 3% in December
1 Feb 19
Business lending grew to 4.1% even as loans to consumers softened.
Indonesia gears to set up mega-lender to oversee 40% of banking assets
31 Jan 19
The four state banks will be put under the holding company, PT Danareska.
South Korean banks' forex turnover hits decade-high at $55.51b in 2018
31 Jan 19
Strong capital inflow boosted yearly figures.

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