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Asian bankers ready for nCov deal droughts
Asian bankers ready for nCov deal droughts
Several auctions and potential Chinese IPOs are being delayed or re-assessed.
Hong Kong banks' earnings to remain weak as coronavirus cripple operations
Around 20-30% of bank branches will likely temporarily close or shorten operating hours.
Majority of Gen Z use credit cards: survey
They have a median balance per consumer of $555 (HKD4,316).
Macau banks have sufficient buffers to weather near-term nCov risks
Outlook hangs on parent banks’ abilities to provide support.
Chinese financial firms face heightened risk from coronavirus outbreak
A significant loosening in the monetary policy will exert additional pressure on bank capital.
Malaysian banks boast ample capital despite higher buffer requirement
The central bank has currently set the countercyclical buffer at 0%.
Singapore's central bank urges boosting of finance measures vs nCov
Internal controls and demands for financial services should be managed.
Indonesian banks' cost pressures to persist in 2020
They will likely shift to higher cost funding in anticipation of loan demand growth.
Singapore, US to support financial data cross-border transfer
It will be allowed as long as financial regulators have access to data.
Singapore banks modest for Q4 2019 due to slow loan growth, weak NIMs
But high FY2019 momentum should present higher dividends.
HSBC to slash senior managerial roles, presence in smaller markets
It is part of a strategic plan by interim CEO Noel Quinn to boost the bank’s profitability.
Thai banks' loan growths, asset quality may dwindle due to coronavirus
Profit levels, strong capital, and good coverage ratios may soften short-term impacts.
Credit Suisse calls off Hong Kong meet over coronavirus outbreak
The event was originally scheduled on 25-27 March.
MAS' monetary policy stance to remain unchanged despite nCov impact
S$NEER is still said to be in line with weaknesses in Singapore’s economy.
Japan's MUFG hit with first loss in 10 years
It recorded a $236m loss in Q3 due to its core unit’s one-off charge.
Coronavirus will have little impact on Malaysian banks: analyst
Overnight policy rate cut and the 2019 nCov dented the sector.
Weekly Global News Wrap: Turnarounds plunge Deutsche Bank to $6b loss; Goldman Sachs plans to offer loans on Amazon
And Morgan Stanley pledges $20m for children’s mental health programs.
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