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Feeble asset quality, credit growth squeeze big Aussie banks
Feeble asset quality, credit growth squeeze big Aussie banks
The full impact of the pandemic is yet to materialise.
Weekly Global News Wrap: Banks eye layoffs as pandemic costs loom; Credit Suisse applies for Spanish investment bank licence
And JPMorgan exits Brazilian private banking business.
Chart of the Week: Singapore system loans up 0.9% in July
This was driven by a 1.9% growth in business loans.
CIMB sees H1 net profit drop to $189m
Elevated loan provisions triggered the fall.
Chinese banks with more shrewd NPLs see slim earnings hike
But banks are still likely to slash dividends.
Deloitte industry leader on COVID-19, digital banking, and organisational transformations
Ho Kok Yong will also be part of the Asian Banking Awards judging panel for 2020.
Razer Fintech's total payment volume doubled to $1.8b in H1
It was boosted by online shopping and higher digital entertainment consumption.
HSBC slammed anew over treatment of democracy-linked clients
Next Media execs were reportedly unable to access their HSBC accounts.
South Korean banks' vulnerability intensifies amidst renewed pandemic onslaught
The new outbreaks could lead to an extension of relief loans, which will weigh on profits.
Digital-savvy Thais push banks' fintech adoption: S&P
About 60% of the population are more attuned to digital services.
South Korea passes new law on P2P lending
Lenders are required to have a capital of at least $421,000.
Weekly Global News Wrap: JPMorgan to pay $1b for China fund JV; Credit Suisse mulls job cuts
And Australia's BNPL firm Afterpay to acquire Spain's Pagantis.
APAC banks face varying effects of ultra-low rates
Typical challenges include weak interest income and NIM compression.
Chinese banks' liquidity still enough despite key metrics slumping
Asset quality grew 10.8% in Q2 from 9.4% a year earlier.
China's megabanks ramp up employment despite falling profits
The Agricultural Bank of China has already hired 4,500 people.
South Korean banks' FX deposits hit record $87.4b in July
Dollar deposits gained $2.76b during the month.
Chinese banks face first H1 profit drop in a decade
The regulator has urged banks to recognise bad loans and hike buffers.
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Navigating liquidity challenges for VCs in Asia Pacific
Show, don’t tell: Asian banks need to prove simplification works – here’s how