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Weekly Global News Wrap: BNP Paribas vows to slash oil lending; Bank of America employees awarded restricted stock
Weekly Global News Wrap: BNP Paribas vows to slash oil lending; Bank of America employees awarded restricted stock
And Barclays names ex-Credit Suisse dealmaker as head of investment banking.
China overseas loan commitments dwindle as firms adapt “small is beautiful” approach
Only 28 new loan commitments were recorded in 2020 and 2021.
Korean banks’ bad loans ratio up 0.02ppt in November
Ratio reflects loans overdue by at least one month.
India’s Yes Bank saw profit drop 80% in Q4 2022: report
The bank aims to recover INR10b in the current quarter, its chief executive said.
Australian structured finance issuance slowdown imminent in 2023: S&P
The multiple interest rate raises will begin to bite on issuers.
Filipinos spent 9 years in total using digital lending apps in 2022
Over 2.3 million users actively used a digital lending platform at least once a month.
DBS Hong Kong offers two-in-one instant loan and credit card combo
Users just need to scan their HKID to get both cash and a digital card in a single application.
Dah Sing Bank, Sun Life enter bancassurance partnership in HK$1.5b deal
Beginning July, Sun Life will be the exclusive provider of life insurance solutions to Dah Sing’s customers.
Economic growth to cushion rising risks faced by ASEAN banks
Tightening of interest rate cycles in 2023 will weaken asset quality, says Fitch.
Payment cards account for 60.9% of e-commerce purchases in South Korea
Added-value benefits of using cards help maintain its dominance.
Standard Chartered launches Signature CIO funds
Minimum investment amount is S$1,000.
Banks in South Korea to maintain eased stance in extending loans: report
Increased lending capacity and intensifying competition encourage banks.
China’s big four banks $550m short of meeting loss provision
Expect a flurry of senior non-preferred issuance bonds from the lenders.
Mizuho Bank inks MOU with Morocco’s Attijariwafa Bank for ESG collaboration
It expands their earlier business cooperation MOU signed in August 2019.
SMBC terminates capital alliance with Vietnam Eximbank
It will liquidate its entire equity ownership in the bank.
Citi names Sanjay Nambiar as head of cards and unsecured lending for APAC, EMEA
Nambiar has worked across various roles in his 17-year career with Citi.
HK’s livi bank launches QR payment option
From now until 31 March, customers can earn rewards up to HK$500 per month.
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