News
HSBC global equities chief exits amidst restructuring: report
HSBC global equities chief exits amidst restructuring: report
The bank has been revamping its investment banking arm.
Deutsche Bank's new Asia CEO picks Singapore over Hong Kong
The bank's new APAC ESG head will also be moving to the Lion City.
South Korea's money supply grew 1.2% in May
This was due to an increase in household and corporate loans.
Indian banks raise capital against trying times
Top private banks should be able to boost capital effortlessly.
Only one in APAC's 50 biggest banks was prepared for a pandemic
Only Sumitomo Mitsui Trust Holdings identified a pandemic as a key risk to business operations.
Falling borrowing costs won't save India's embattled shadow lenders
Worries mount of rising bad debts as the pandemic crisis leaves millions jobless.
Chinese lenders ask central bank to ease capital headroom
The easing would free up funds for loans to support the economy.
APAC banks to account for 60% of global credit losses over 2020-2021
Credit losses are likely to peak by end-2021 and recover by 2023.
Banks push remote work for Hong Kong staff as COVID cases rise anew
City officials have detected 40 local cases on 14 July.
South Korea's credit card use shrinks 2.1% amidst the pandemic: report
Daily average use of contact-free spending jumped 12.7% from Feb to May.
Weekly Global News Wrap: Central bankers push to drop Libor by end-2021; Wells Fargo posts $2.4b Q2 loss
And regulators race to enact cross-border payment rules to counteract Facebook.
South Korean banks to reduce lending in Q3: survey
Credit risk scores for the sectors are likely to record an increase, says the Bank of Korea.
Chart of the Week: COVID-19 hastens digital payments exodus in APAC
Business activities and consumer spending will further fast-track the growth.
Thai banks' earnings down 20% in Q2: UOBKH
But banks may be able to pay dividends due to their solid capital.
MUFG to expand lending business in Thailand with Grab investment
Chief executive Hironori Kamezawa hinted on shifts in their overseas strategy.
Taiwan's Cathay Financial Holdings mulls raising stake in Indonesian bank
It may complete its due diligence next week.
Taxing environment weighing down on ASEAN, Indian banks
Government support will offset but not fully eliminate the pressure.
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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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