News
South Korea's corporate loans rise sharply amidst the pandemic
South Korea's corporate loans rise sharply amidst the pandemic
Loans soared 14.9% from January-May compared to a year earlier.
Gloom on the horizon for APAC banks' profits in the next few years
Diversification of income streams has yet to yield substantial results.
Majority of Asian banks running archaic core banking tech: study
Outdated systems increase banks' cost-to-income ratio.
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.
South Korean banks' daily FX turnover tumbled 12.4% in Q2
Values were hit due to the cut in transactions and fluctuations in exchange rates.
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.
HSBC denies Chinese media report it ‘framed' Huawei: report
People’s Daily accused the lender of lying about the tech giant.
Goldman Sachs to pay $3.9b over 1MDB scandal
Malaysia will drop all criminal charges against the bank.
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.
Majority in APAC still hope to move from LIBOR despite pandemic: poll
Three-fifths have have seen their transition plans grinding to a halt.
Australian banking watchdog seeks to update dividend hold policy
It said that the local economy is now less uncertain than in April.
MUFG Bank to digitize personal stamp forms with robotics, AI
The lender will digitize over 300 million pages of paper forms stored in warehouses.
South Korean regulator to end repo agreements
This is due to improved market liquidity and reduced demands.
How Lendela streamlines customers' loan application process
The platform matches up customers’ loan needs from banks and lenders.
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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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