News

Hong Kong's first virtual bank starts operations

The firm is offering a savings rate of 1% for deposits up to $500,000.

Australian banks feel the pinch despite stimulus package

Not enough cushion for impairment charges and bad debts.

Asian banks stuck in an unprofitable bind

Market profitability and credit demand are likely to be affected.

Volatile market tests Hong Kong banks' buffers

Local lenders face losses as stock markets globally fall to bear market.

Singapore's investment banking fee revenue down 58.7% to $91.9 in Q1

Advisory fees for M&A deals plunged 80.4% YoY to $11m.

Bank Indonesia eases rate by 25bps

Two more rate cuts may be on the horizon.

NZ banks have ample buffers against pandemic storm: analyst

They come from a strong asset-quality position and have sound capitalisation.

Chinese central bank's RRR cut raises banks' asset yields: analysts

Higher asset yields will relieve pressure on profitability.

No rate cut for Japan's embattled banking industry

The central bank is already constrained by its negative interest rate policy.

OCBC's growth dampened as US Fed cuts rate

NIM forecast has been slashed to 1.68% as NPL ratio could rise to 1.9%.

Australian banks could withstand losses but longer disruption a risk

Credit losses will nearly double this year, with business loans leading the surge.

Philippines suspends financial market amidst country-wide lockdown

The Philippine Stock Exchange has been closed indefinitely.

Singapore banks on downward spiral after US Fed cuts rate to nil

Loan yields are sighted to decline due to the lower benchmark rate.