News

Ant Group has picked banks for $10b Hong Kong IPO: report

The company could seek a valuation of at least $200b, according to sources.

Goldman Sachs execs in Malaysia for 1MDB talks: report

Malaysia's finance minister is hopeful that it will help recover lost assets.

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.