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Financial inclusion needs to be more than just about technology
Financial inclusion needs to be more than just about technology
Products need to be sustainable and scalable to meet the needs of the unbanked.
Malaysia's latest OPR cut needed to cushion COVID blow
The central bank slashed OPR to 2.5% amidst the virus’ global and domestic impacts.
Big three banks' wealth income expanded 18% in FY2019
Wealth made up 31% of OCBC and UOB’s total income.
Bank of East Asia to review its portfolio
Profits were nearly halved in Q4 2019 due to impairment losses from mainland China.
Weekly Global News Wrap: Goldman Sachs asks clients to skip New York meet; StanChart 2019 profits up 46%
And Italy’s Intesa Sanpaolo hires global banks as advisers in suprise takeover bid.
Taiwan's central bank to stabilise forex after US rate cut: report
The US made its first emergency cut since 2009 as COVID-19 continues to spread.
COVID-19 to hit banks in ASEAN's tourism-reliant countries
Local lenders in Singapore and Thailand are at most risk.
India's shadow banks hit with $15.1b in debt repayments
Meeting the deadlines will be a challenge given the domestic funding crunch.
World Bank launches $12b COVID-19 package for developing countries
It aims to strengthen countries’ health services and support the private sector.
Huge returns boost foreign banks' investment in India
Foreign annualised ROEs grew 9.9% in the six months until end-September.
Solvency improvements threaten Vietnamese banks' strong 2019 performance
The State Bank of Vietnam is expected to allow Basel II banks to grow loans faster.
MUFG-Morgan Stanley joint securities arm axes equities staff
Two managers and few research analysts were let go as a cost-cutting move.
China lets banks waive bad loans from COVID-hit firms
Qualified businesses can apply for delays until end-Q2.
Singapore banks face slower loan growth in H1 2020
The big three banks’ are expecting lower loan growth for FY20F on the back of the outbreak.
India's share of cash payments will lower to 54.1% by 2023
The government has waived merchant fees on payments through RuPay.
StanChart's earnings recovery to be delayed by COVID-19: S&P
The group’s target 10% RoTE will likely be delayed beyond 2021.
Philippine central bank bolsters small lenders' capital
Small banks should allot a minimum 6% CET1 ratio and 7.5% Tier 1 ratio.
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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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AI, blockchain, and digital ecosystems drive industry reinvention in Jakarta.
