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Weekly Global News Wrap: European banks' loan blues; US urge banks to aide COVID-hit customers
Weekly Global News Wrap: European banks' loan blues; US urge banks to aide COVID-hit customers
And some US lenders hand out bonuses to staff amidst the pandemic.
Australian banks feel the pinch despite stimulus package
Not enough cushion for impairment charges and bad debts.
Asian banks stuck in an unprofitable bind
Market profitability and credit demand are likely to be affected.
Volatile market tests Hong Kong banks' buffers
Local lenders face losses as stock markets globally fall to bear market.
Singapore's investment banking fee revenue down 58.7% to $91.9 in Q1
Advisory fees for M&A deals plunged 80.4% YoY to $11m.
Bank Indonesia eases rate by 25bps
Two more rate cuts may be on the horizon.
NZ banks have ample buffers against pandemic storm: analyst
They come from a strong asset-quality position and have sound capitalisation.
Chinese central bank's RRR cut raises banks' asset yields: analysts
Higher asset yields will relieve pressure on profitability.
No rate cut for Japan's embattled banking industry
The central bank is already constrained by its negative interest rate policy.
Weekly Global News Wrap: Major US banks suspend stock buybacks; European banks close branches amidst pandemic
And a Mexico central bank staffer tests positive for COVID-19.
Chart of the Week: India's retail loans will reach $566.7b in 2023
It reached a 17% CAGR to $319.1b in 2018.
OCBC's growth dampened as US Fed cuts rate
NIM forecast has been slashed to 1.68% as NPL ratio could rise to 1.9%.
Australian banks could withstand losses but longer disruption a risk
Credit losses will nearly double this year, with business loans leading the surge.
Philippines suspends financial market amidst country-wide lockdown
The Philippine Stock Exchange has been closed indefinitely.
Singapore banks on downward spiral after US Fed cuts rate to nil
Loan yields are sighted to decline due to the lower benchmark rate.
Bank of Japan to buy $112.55b ETFs for COVID-hit firms
It will also create a loan programme to spur lending to COVID-hit firms.
Thai central bank to monitor US Fed rate cut
It is expected to further slash its benchmark interest rate of 1%.
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