News
Australia's big banks are abusing their industry dominance: report
Australia's big banks are abusing their industry dominance: report
Consumers are being shortchanged by the oligopoly.
Hong Kong banks' loan growth may slow to 5% in H2
Trade tensions and higher interest rates are to blame.
Indonesia steps up efforts to centralise payment system
Bank Indonesia is campaigning for the shift to the National Payment Gateway card.
Could banks be the saving grace of Singapore's rattled equities market?
Banks have posted a healthy set of Q2 results despite bleak market conditions.
Credit card spending in Taiwan hits $47.05b in H1
Purchases via credit card nearly hit the $200b in all six months except February.
Ailing Indian banks shore up on fees from non-maintenance of minimum balance
State Bank of India led the pack in collecting customer penalties.
Singapore retail and wealth banks shun digital as they ramp up Q2 hiring
Relationship managers in bancassurance were in hot demand.
Japanese banks jumpstart SEA expansion in bid for survival
Juroku Bank and Ashikaga Bank opened a Hanoi and Bangkok unit.
Australia's big banks defy mortgage hike trend
ANZ and CBA have lowered their mortgage rates to boost lending.
Malaysian banks loan growth remains dismal at 5% in June
Working capital loans failed to recover fast enough.
New AM rules to halt rapid slowdown in Chinese bank credit
Authorities are softening the impact of deleveraging through looser guidelines.
Bloated corporate loan books drag down Philippine banks
The retail loan segment offers a way to diversify their lending.
Thailand's Big 4 onboard SWIFT gpi for faster cross-border payments
They join around 10,000 other banks on the platform.
South Korea to allow payment via QR code by 2019
The central bank is aiming to create a local version of Alipay or WeChat Pay.
Myanmar to allow 13 foreign banks to offer import financing services
Only trade financing was previously allowed for foreign lenders.
Hong Kong trails behind Singapore in ease of bank account opening for non-locals
Startups, SMEs, and foreign nationals lament the inefficiency.
Philippine banking assets up 12.2% to $292.95b in May
A surge in deposits drove banking gains.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. Vietnam’s finance sector faces digitalisation challenges despite eased regulation 3. UOB maintains profitability despite possible slower loan growth 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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