News
COVID-19 outbreak may double Chinese banks' questionable loans
COVID-19 outbreak may double Chinese banks' questionable loans
The loosening of regulations is a setback on China’s reformation efforts.
Chart of the Week: APAC banks not reliant on market-sensitive income
Further drops in prices of financial assets are likely if the COVID-19 outbreak persists.
HSBC to shed $100b in assets in massive revamp
About 35,000 jobs may be axed over the next three years.
Weekly Global News Wrap: JPMorgan reshuffles investment bank; Fintech firm LendingClub buys Radius Bank for $158m
And customers were outraged by N26 UK exit.
Deutsche Bank floats FX digital platform in Sri Lanka
Clients can pay in local currency between two Asian markets.
Standard Chartered commits $75b for sustainability drive
By 2030, they will cease support for clients who get more than 10% of their profits from thermal coal.
COVID-19 pushes Thai asset manager to the top
Bangkok Commercial Asset Management’s shares ballooned by 74% this year.
China tops global mobile wallets usage
The country’s transaction value will hit $793.6b this year.
SGX FX futures trading volume hit $175.12b in January
USD/CNH and INR/USD futures both jumped.
Chinese banks' asset quality to deteriorate in 2020
Officials have ordered banks to lower lending rates and extend deadlines amidst the epidemic.
China's lenders to allow higher bad loans for COVID-19-hit firms
The People’s Bank of China will support qualified firms in order to resume production.
New Zealand retail lending to hit $265.6b in 2023
Total retail loan balance outstanding is set to reach the same amount.
HSBC faces third major overhaul
Biggest market Hong Kong is hit with anti-government protests and the COVID-19 outbreak.
Singapore to record anaemic loan growth of 1.5% in 2020
The COVID-19 and the expected monetary easing will weigh on banks.
Taiwan banks will manage the impact of COVID-19 oubtreak: Fitch
But they will experience stress from SME and personal loans.
Asian Development Bank worsens debt conditions: World Bank head
He hit the development banks in Asia, Africa, and Europe for lending too quickly to debt-heavy countries.
Weekly Global News Wrap: Credit Suisse CEO out over spying scandal; Wells Fargo chief reshuffles management
And German online bank N26 exits the UK.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. UOB maintains profitability despite possible slower loan growth 3. Sea rebrands digital finance business SeaMoney to Monee 4. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 5. Vietnam’s finance sector faces digitalisation challenges despite eased regulationResource Center
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