News

Weekly Global News Wrap: Morgan Stanley cuts 2% of its workforce; Saga floats virtual currency

And Swedbank overhauls top management after a money laundering scandal.

China to list 10 commercial banks as D-SIBS

The ‘big’ four banks are likely to fall one rank below being identified as most systemically important.

Malaysia's loan growth slows to 3.2% in October

Loan applications slimmed by 1.1% in the same month.

Hong Kong virtual banks to make up 2-3% of total deposits by 2020: report

They are expected to attract “tens and thousands of customers" each.

Tougher times ahead for APAC banks as their risk appetite grows

Conditions make it hard for banks to boost earnings without taking more risk.

Chart of the Week: Singapore domestic loans up 2.6% in October

This is its fastest expansion since February 2019.

China's banks asset quality deteriorates as NPLs mount

NPL ratio climbed 3 bps compared to end-2018.

Indonesia's non-bank financial firms could face closures in 2020: analyst

The minimum capital requirement may force them to consolidate or even cease operations altogether.

Singapore, Japan central banks extend bilateral currency swap program

Under the agreement, Singapore provides yen liquidity to eligible financial firms to support cross-border operations.

Liquidity pressures to loom over India's NBFCs in 2020

Wholesale and housing finance companies are the most vulnerable.

Profit headwinds push banks to increase risk appetite

Asset quality metrics in APAC banks do not reflect the risks, Fitch noted.

Asset headwinds spell trouble for Singapore banks

OCBC and UOB have both flagged downgrades in some of their corporate accounts.

Unhedged investments threaten Japan banks' overseas profits

This is expanding into leveraged loans and collateralised loan obligations (CLOs).

ICBC, CCDO, SGX to endorse new renminbi bond indices

The new bond indices can be used as performance basis for investing in RMB bonds.