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Weekly Global News Wrap Up: US bank margins may have already peaked; Deutsche Bank could lose $1.7b in revenue from Commerzbank deal
Weekly Global News Wrap Up: US bank margins may have already peaked; Deutsche Bank could lose $1.7b in revenue from Commerzbank deal
And Credit Agricole and Santander are merging their custody and asset servicing arms.
Chart of the Week: AI business value for APAC banks to hit $98b by 2030
China, Japan, South Korea and Singapore will drive demand over the next 10 years.
New licensing rules may wipe out P2P lending in China
Stricter requirements may leave just 100 surviving players out of over 1,000.
Why you shouldn't miss ABF Retail Banking Forum 2019
Hear from the region’s top banking execs on how to stay ahead of changing industry trends.
Vietnam tops global mobile payments growth in 2019: study
Its 24 ppt growth rate toppled its Southeast Asian neighbours.
3 in 5 Singaporeans willing to share data for cheaper banking products
Users are willing to share data on their income, location and lifestyle habits.
Singapore bans reps from HSBC and UOB over fraud
Their cases involved deception, sales of fake products, and forgery.
700 banks to join Japan's nationwide smartphone payment service
It will launch in October which coincides with the October consumption tax hike.
Will India see more smaller bank acquisitions?
The proposed merger between Lakshmi Vilas Bank and Indiabulls Housing Finance could be the catalyst to change the tide.
Asian Banking & Finance Corporate & Investment Banking Awards 2019 is now open for nominations
Entries will be accepted until 29 May 2019.
Global News Wrap Up: Turkish banks struggle under growing bad loans; Societe Generale eyes cutting 1,600 jobs
And Standard Chartered slapped with $1.1b fine for sanction violations.
Chart of the Week: Chinese P2P players halved in 2018 amidst tougher regulations
Active P2P investors also fell 45.2% to 2.3 million.
Singapore banks lead STI gains with 6.1% rally in April YTD
Their average 2019 YTD total return stands at 8.6%.
Embattled Vietnamese banks take refuge in foreign investments
Japan-based J Trust Corp will buy a stake in Construction Bank for an undisclosed amount.
India could impose bad debt resolution rules on state banks: report
Lenders are hit with a total bad debt of $146b.
Korean virtual banks succumb to net losses for two straight years
K Bank and Kakao Bank saw a combined net loss of $78m in 2018.
Will China soon cut banks' reserve ratio further?
Analysts weigh that an RRR cut is still needed considering liquidity conditions.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. UOB maintains profitability despite possible slower loan growth 3. Vietnam’s finance sector faces digitalisation challenges despite eased regulation 4. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 5. GXS Bank names Pei-Si Lai as group CEOResource Center
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