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The regulator is proposing an aggregate-level risk-weight floor based on internal ratings-based approach.

Women make up over a third of boards compared to only 9% in the Philippines.

And banks in Nigeria are tapping on a growing youth demographic.

Home and retail sectors drove lending gains.

Paris Michele was discovered to have falsified company emails and forged documents.

Most of the buybacks by DBS were done in May, when the share price fell 14%. Singapore banks’ share buybacks have picked up steam in 2019. A Maybank Kim Eng report noted that DBS and OCBC have bought back more shares YTD and much earlier than they did last year. Maybank KE analyst Thilan Wickramasinghe expounded that DBS has bought back 25% YTD of the volume it bought in 2018. “Importantly, this was mostly done in May 2019, when its share price fell 14%. Historically, DBS was most active buying back shares in Q3/Q4,” the analyst said. Meanwhile, OCBC has bought back 60% of the volume it bought in 2018 and much earlier, the analyst added, noting that the DBS and OCBC buybacks in Q2 2019 are equivalent to 55% and 53%, respectively, of their treasury shares balances. Also read: Singapore's big banks are on a buying spree as share buybacks hit $116.5m “We believe this is an indicator of emerging value. Our scenario analysis suggests that non-performing loans (NPLs) would need to rise 35-80% from current levels to bump credit charges up to levels seen during the O&M crisis and GFC,” the analyst explained. The buyback spree happening in Singapore can also be observed in other markets such as the United States, Natixis chief economist for the Asia and Pacific Alicia Garcia-Herrero and INSEAD finance professor Theo Vermaelen said in a previous interview.

The sector’s pre-provision operating profit is at its lowest since Q1 2017.

It was lower compared to the $180b worth of new loans expected by analysts.

More than half of lenders based in Chugoku, Koshinetsu, Shikoku and Tohoku earned less revenue.

And banks in the EU have paid $24.2b to central bank since 2014. From Reuters: 

It is offered to investors in the $289m worth of six-month certificates of deposit.

The hottest roles will include data scientists, UI engineers, and full stack developers.

KEB Hana will create a taskforce to focus on premium pension products.

Blame higher delinquencies from SMEs and non-financial firms.

Taishin Bank will utilise the technology for clients with iPhone X by Q3.

It will create a financial data exchange for financial players in the country.