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Singapore's financial institutions allowed to reopen branches, resume in-person meetings
Singapore's financial institutions allowed to reopen branches, resume in-person meetings
They must implement all safety measures and maintain a record of meetings.
Chinese banks face headwinds in Q1, but asset growth rebounds
Asset quality tightened but is yet to reflect the effects of the pandemic.
Three-fourths of Filipinos open to having a financial account online
But finance firms stand to lose 40% of new business if account opening isn’t fully online.
Indonesia's Bank Central Asia joins scheme to boost liquidity
The government said healthy lenders can apply to cash-strapped peers.
HKEX-listed Link REIT secures $130m sustainability-linked loan from OCBC
It is the REIT's first sustainability-linked loan transaction in the Hong Kong dollar.
Australia's policy stimuli help banks achieve investor confidence
Measures have led to improvements in funding and liquidity conditions.
Default rates of credit card receivables in Japan to remain elevated
Annual default rates of credit card purchase rose to 6% in March from only 4.4% last year.
Do fintechs need better marketing communications?
Singapore alone houses hundreds of fintech companies, ramping up competition.
Weekly Global News Wrap: ECB defends aggressive COVID measures; Risk-taking billionaires key to Credit Suisse growth
And Barclays poaches Gautam Chawla from Citigroup.
Chart of the Week: Health and safety concerns drive card payments growth in New Zealand
Card payments are expected to rise at a CAGR of 1.8% to $66b by 2024.
Singapore banks' risks abated as circuit breaker measures ease
Hong Kong’s political woes may also drive wealth business and deposits to the island’s banks.
Hong Kong residents dash for offshore accounts amidst China security law
HSBC and Standard Chartered have seen high surges in enquiries.
Easing rules on public funding delivers capital relief for Japanese banks
But it does not solve the long-term problem of weakening profitability.
China's new funding facilities carries risk asset for eligible banks
Credit risks will still accumulate from inclusive loans, analysts warned.
Hong Kong regulator launch job programme for local financial industry
It will offer 300 roles for students graduating in 2020 with a bachelor’s degree.
MAS debunks report of large deposit flow from Hong Kong to Singapore
Don’t just refer to foreign currency deposits, Singapore's regulator said.
CBA rolls out ‘acceptable use policy' to restrict abusive digital banking
Transactions can be refused and services suspended if a customer is found harassing others.
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1. HSBC GPB appoints Ann Ling as APAC head of wealth planning and advisory 2. Metrobank names Renato De Borja, Jr. as head of financial & control sector 3. PBCOM appoints new treasury trading team head 4. IndoStar gains approvals to sell Niwas Housing Finance for $203.7m 5. CommBank deploys AI-powered bots to fight scamsResource Center
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