News
Time deposits at South Korean banks down by $8.83b in June
Time deposits at South Korean banks down by $8.83b in June
More people are holding on to their money amidst record-low rates.
Hong Kong, Singapore play catch-up with mobile banking apps
European financial firms dominated the global top ten of Sia Partners’ study.
Roadblocks ahead for Japanese banks as credit costs balloon
NPLs will rise as SME default rates stack up.
South Korean fresh loan rates up to 2.82% in May
The expansion follows four consecutive months of declines.
Pandemic may set back Indian banking sector's recovery for years
Nonperforming loans are expected to hit 13-14% of total loans for FY2020-21.
ADB inks $200m loan to improve Nepal's power supply
It will fund the reinforcement of Kathmandu Valley’s supply system.
Weekly Global News Wrap: Goldman Sachs boosts capital measures; Charges filed against Wirecard ex-bosses
And the UK allows TransferWise to offer retail investment services.
Chart of the Week: Australian major banks' commercial property loan quality to deteriorate
Demand for consumer commercial real estate may weaken over the next two years.
Greater Bay Area regulators float wealth management connect scheme
It allows residents to invest in wealth products offered by banks in the area.
Japan's second-biggest bank pushes through with overseas expansion
The move contrasts the downsizing planned by other global firms HSBC and Deutsche.
Singapore central bank, local police probing Wirecard's operations
The regulator is also working with foreign agencies for cross-border transactions.
Indonesian banks to reflect COVID's fatal impact on Q2 results: Fitch
But the loosening of loan restructuring rules should help alleviate negative effects.
Taiwanese financial institutions' loans hike 0.67% at end-May
Annual growth rate rose to 5.71% due to reduced bank claims.
South Korean banks to begin implementing Basel III by end-June
Kwangju Bank and JB will be the first to make the shift.
South Korean regulator amends credit act to combat illegal lending
The maximum penalty for unlawful loan service providers has been doubled.
Thailand permits non-bank firms to provide foreign e-money
An operator must have a minimum registered paid-up capital of $3m (THB100m).
Singapore sets out expectations for FIs' environmental risk management
FIs are expected to include environmental considerations in their business plans.
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Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?