News
Coronavirus outbreak to drag on Singapore banks' loan growth, earnings
Coronavirus outbreak to drag on Singapore banks' loan growth, earnings
Asset quality could weaken if the outbreak would continue to persist in the coming months.
Bank of East Asia closes 20 branches due to coronavirus
ATMs located within closed branches will also be unavailable.
China's fintech lending to grow 16% between 2017 and 2023
But weak regulations still slip through the cracks.
SME credit support immaterial to Sri Lankan banks' credit profiles
Improved liquidity due to slow loan growth last year should cushion the effects.
Weekly Global News Wrap: Credit Suisse sheds US private wealth bank; German mobile bank says they poached 250,000 customers from Chase and Citibank
And UBS plans to hire 20 managing directors for its US investment arm.
Chart of the Week: Indonesian debit card payments to hit $32.3b in 2023
It has surpassed credit card payments in 2019.
China leads global digital payments as market hits $4.7t in 2020
The country is expected to have 49% of the global share by 2023.
Banks urge Hong Kong staff to work from home after travels from China
Global banks are stepping up their measures amidst the coronavirus scare.
Singapore's central bank implements Payment Services Act
Acts on money changing and payment systems have been repealed.
Malaysian small lenders endangered by digital banks' entrance
More competition could jumpstart a build-up of debt within lower-income borrowers.
China fintech deals clinch 67.1% of Asian fintech investments in 2015-19
15 deals during the period were valued above $1b.
Weekly Global News Wrap: HSBC to slash 100 equities staff, Bank of America plans to double its US market share
And JPMorgan is the latest bank to expand to Paris after Brexit.
Chart of the Week: Hong Kong card payments to hit $7.67b by 2023
The number of card payments is expected to hit 1 billion in 2020.
Digital banks won't be a threat to big Singaporean banks: analyst
Singapore poses as a hard-ground for virtual entrants.
New regulation may promote Islamic banking in the Philippines
But Islamic banks are not expected to take significant market share in the medium term.
Morgan Stanley looks to hire 30 private bankers for Asia
The bank’s record 2019 profit was partly anchored by its wealth business.
Inside Hong Leong Bank's digitalisation journey
The lender has set aside as much as 20% of its FY19 operating expenses on tech.
Commentary
Protecting against the mobile Trojan horse in your pocket
Beyond the code: How mobile banking is weaving a new financial narrative in Asia