News
South Korea's big banks poised to hit year-end offshore profit record
South Korea's big banks poised to hit year-end offshore profit record
This would mark the first time the KRW1t ($897.5m) mark has been breached.
Philippine big banks half-year profits up 7.7% to $1.45b
The combined assets of the banking sector also hit $301.58b.
China scraps foreign ownership limits on banks
Foreign stakes were previously capped by up to 25%.
South Korean banks to launch North Korean financial products
Kookmin Bank has unveiled a trust fund for families separated by the border.
Close Chinese ties raise Hong Kong banks' compliance risk
The SAR already faces medium-high money laundering risk.
China urges banks to ramp up government bond purchases
Regulators may scrap the 20% reserve requirement.
Tech firms may soon be allowed to own internet-only banks in South Korea
A bill is paving the way for tech firms to be the largest shareholders.
Japan's mega banks embrace robots to cut costs
Sumitomo is turning to RPA to cut workloads equivalent to 4,000 employees.
Weekly Global News Wrap Up: Greek banks' bad loan exposure nearly half of GDP; Canada banks can expect 10% Q3 profit gains
And FBI has notified US banks of a looming cyberheist.
Chart of the Week: Malaysian banks bad loans down to 1.59% in June
Banks shed bad loans in construction and working capital.
Thailand moves forward in wholesale digital currency development plan
The first phase will be completed by Q1 2019.
Growing bad loan burden dims Chinese banks' H1 profit outlook
Profits of the country’s top five banks are expected to rise around 4.7% to 7%.
Indian state banks recover $5.23b of bad loans in Q1
Bad loan recovery in Q1 for PNB and Indian Bank exceeded that of 2017-18.
Here's why foreign bank ownership cap is a boon for Vietnamese fintech
Investors may tie up with fintechs instead of banks.
The Philippines steps up rural bank shutdowns
A total of 10 smaller banks were closed in 2018 alone.
China's shadow banking assets plunged to $393.40b in H1
It crashed from a peak of $9.16t.
Krungsri's Sam Tanskul to reveal updates on global fintech at ABF's Digital & Open Banking Conference
He will be speaking from the perspective of the bank's own fintech subsidiary.
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