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South Korean financial institutions spent US$935m in social contributions in 2019
South Korean financial institutions spent US$935m in social contributions in 2019
Microcredit lending comprised the lion’s share of US$461m.
More investors back proposal to end Mizuho's coal lending
It could push Japanese banks to live up to promises of ending the practice.
Investments flood Singapore fintechs in April, May after quiet Q1
Total equity funding reached a record-high US$331m.
Philippine banks have solid defences against COVID-led risks: analysis
The resilience of large corporates is key to quelling credit losses.
Majority in Indonesia, Philippines and Vietnam to transact digitally by 2021
Faster funds transfer can add up to 0.5% in GDP growth for SEA.
Singapore investment banking fees plummet 49.4% in H1
Fees from completed M&A, ECM, DCM, and syndicated lending all registered declines.
Singapore to elevate hub status with new digital banking regulation
A more flexible Payment Services Act makes it easier for fintechs to apply full operations in Singapore.
APAC emerging market banks' fate rests on sovereign support: Fitch Ratings
They are likely to deteriorate deeper should governments fail to mitigate fiscal risks.
Chinese banks to give up $211b in profits, face asset yield decline
They are likely to surrender up to $197b in income.
China pushes banks to sacrifice profits: report
The move shows concerns about its ability to recover after the pandemic.
Singapore digital bank aspirants down to 14
MAS asked the applicants to update their business plans and financial projections.
HSBC resumes plan to axe 35,000 jobs: report
CEO Noel Quinn said that they will maintain a freeze on almost all external recruitment.
Weekly Global News Wrap: Swiss National Bank likely to keep low policy rate; Goldman Sachs pledges further $250m aid
And Commerzbank rebuffs Cerberus demand for seats in supervisory board.
APAC payments industry remains attractive to investors: analyst
The industry recorded 29 deals in Q1 from only 23 in Q4.
US dollar deposits at South Korean banks rise amidst outbreak
Outstanding dollar deposits at five local banks have reached $47b.
South Korean banks' loan delinquency ratios rise in April
Delinquency of loans extended to households edged up 0.02 ppt.
Chart of the Week: Almost half of Singaporeans prefer e-payment methods
PayNow is the top choice for 18.2% of surveyed consumers.
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1. HSBC GPB appoints Ann Ling as APAC head of wealth planning and advisory 2. Japan’s SMBC invests in biotechnology fund 3. Metrobank names Renato De Borja, Jr. as head of financial & control sector 4. PBCOM appoints new treasury trading team head 5. IndoStar gains approvals to sell Niwas Housing Finance for $203.7mResource Center
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