News
India mulls reducing number of state-owned banks to five
India mulls reducing number of state-owned banks to five
The first part would entail the sell-off of majority stakes in six lenders.
Hong Kong banks suspend return-to-office plans amidst new wave of infections
As many as 70% of Citigroup’s staff will be working from home.
Japan creates team to look into central bank digital currencies: report
It will follow-up on the BOJ’s efforts in this field.
Hong Kong-based wealth clients probed for pro-democracy ties
"Politically exposed persons" can have a hard time accessing banking services.
Singapore banks' trading print to offset lower interbank rates
Loan growth for the major banks are likely to be 1-2% QoQ.
Non-bank lending to flourish in Asia as incomes diminish
More than two-thirds have prepared for active borrowing.
Regulator finds Westpac's non-financial risk culture “immature and reactive”
The bank is embarking on a multi-year program to address shortcomings.
China seizes financial firms linked to probed conglomerates
This is a part of a crackdown on conglomerate-posed systemic risks.
HSBC global equities chief exits amidst restructuring: report
The bank has been revamping its investment banking arm.
Deutsche Bank's new Asia CEO picks Singapore over Hong Kong
The bank's new APAC ESG head will also be moving to the Lion City.
South Korea's money supply grew 1.2% in May
This was due to an increase in household and corporate loans.
Indian banks raise capital against trying times
Top private banks should be able to boost capital effortlessly.
Only one in APAC's 50 biggest banks was prepared for a pandemic
Only Sumitomo Mitsui Trust Holdings identified a pandemic as a key risk to business operations.
Falling borrowing costs won't save India's embattled shadow lenders
Worries mount of rising bad debts as the pandemic crisis leaves millions jobless.
Chinese lenders ask central bank to ease capital headroom
The easing would free up funds for loans to support the economy.
APAC banks to account for 60% of global credit losses over 2020-2021
Credit losses are likely to peak by end-2021 and recover by 2023.
Banks push remote work for Hong Kong staff as COVID cases rise anew
City officials have detected 40 local cases on 14 July.
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