News
Chart of the Week: Open banking behaviour strengthen in APAC
Chart of the Week: Open banking behaviour strengthen in APAC
Around 30% said that they are open to sharing their data in relation to online purchases.
Japan's biggest banks on track to meet profit goals: report
MUFG, SMFG, and Mizuho Financial Group’s net profits totaled $3.7b in Q1.
Digital bank WeLab Bank launches in Hong Kong
Clients can open an account in five minutes.
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.
Sumitomo Mitsui's profit plunged 60.1% to $812.74m in April-June
The group’s earnings per share is at around 59 cents or ¥62.83.
MUFG records 50% plunge in Q1 net profit to $1.73b
The fall was blamed on rising credit-related costs.
HSBC to hire up to 3,000 wealth planners in China
The first 100 people have already started in Guangzhou and Shanghai.
South Korean banks' consumer loans rise 2.3% in July
People scrambled to buy apartments before prices rose too high.
HSBC's H1 profit plunges 69% to $3.1b
Rising expected credit losses and lower revenue contributed to the fall.
Chinese banks should shift from SWIFT as sanctions loom: report
Higher usage of the country's own payments network would cut its exposure to the US.
Credit Suisse's APAC business reports highest level of credit provisions
The lender is bracing for losses linked to Luckin Coffee.
BNP Paribas floats Australia's first climate-linked green bond
The bond adds to the $350b in green bonds to be issued this year.
Indian banks rush to lend against $1.5t hoard of gold
Firms are expanding their gold-backed loans to accommodate families sitting on $1.5t hoard of the precious metal.
Singapore bank loans skid for fourth straight month in June
Total loans fell 1% YoY, the first since 2016.
Virtual banking knowledge remains moderate amongst Hong Kong customers
Neobanks are advised to partner with mobile wallets and offer credit cards to boost adoption.
Australian regulator eases dividend rules on banks, insurers
They have been told to maintain caution on capital distributions.
Taiwanese banks' leverage hits record-high as economy plunges
The hike will carry over until 2021.
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1. Sea rebrands digital finance business SeaMoney to Monee 2. UOB maintains profitability despite possible slower loan growth 3. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 4. Malaysia’s development banks told to plug lending gap for MSMEs 5. Bhutan enables national-level crypto payment with Binance PayResource Center
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