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Weekly Global News Wrap Up: US big banks' Q4 revenue disappoints amidst weak bond trading; Italian banks face $63b funding crunch
Weekly Global News Wrap Up: US big banks' Q4 revenue disappoints amidst weak bond trading; Italian banks face $63b funding crunch
And here's why European Investment Bank is being sued.
China delays Visa and Mastercard entry as Unionpay remains unchallenged
The central bank has yet to issue formal acknowledgment.
Vietnamese banks' 2018 pre-tax profit surges 40% as bad debt crackdown pays off
Lenders were able to resolve $6.5b in soured loans.
Tech firms set to raise stake in Korea's internet-only banks
IT firms will soon be allowed to hold as much as 34% stake.
Malaysian bank mergers unlikely to take place in 2019
Lenders still have to work on improving ROEs first.
Chinese commercial banks bad loan ratio hits 10-year high in 2018
Total non-performing loans hit $296.52b (CNY2t) in December.
Philippine bank loans grow 16.8% to $155.85b in November
This represents a slower growth rate compared to October.
Hong Kong banks' 2019 loan growth cut to 2% as trade and mortgage loans take hit
Lending to Mainland firms has been trending downwards to 6.1% in September 2018.
Philippine banks scramble after Korean shipbuilder default
The country’s five biggest banks have a $412m loan exposure.
Malaysian banks hike salaries by up to 12% for 20,000 employees
Banks also have to grant 0% interest for the first $24,414 in staff housing loan.
Are Singapore banks bracing for another O&G nightmare amidst Coastal Oil troubles?
The indebted crude oil supplier owes the three Singapore banks a combined US$172.1m.
Weekly Global News Wrap Up: Slow start to fintech revolution as only 4 new UK banking licenses issued in 2018; Deutsche cuts bonus pool by about 10%
And an estimated $1t in UK bank assets left Britain following Brexit.
Chart of the Week: Singapore bank revenues may rise 9% in 2019
Loans and balance sheet leverage will be the growth drivers.
India's Bandhan Bank gears for $11.7b merger
The deal will create one of India’s largest rural and semi-urban lending platforms.
Hong Kong banks loan growth rebounds 5.2% in November
Business sentiment recovered mildly as corporates ramped up borrowing.
Singapore banks' earnings turnaround hit by steep funding costs
NIMs have inched up by 2-12 bp since 2015 even as the 3M SIBOR soared 58bp.
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