News
Singapore big three's total dividends to decline 3.1% in 2020
Singapore big three's total dividends to decline 3.1% in 2020
UOB is expected to suspend its special dividend for the fiscal year.
Hong Kong finance firms lead in AI deployment
58% of financial firms in the city will utilise AI next year.
Stable playing field a gain for Singapore banks: report
High credit costs can be covered by profits.
Asian banks face consolidation as fintechs, neobanks usurp market
Banks’ hopes for survival lie in the US$100b of new revenue opportunities, reports McKinsey & Co.
Chart of the Week: Malaysia's consumer loan growth to decelerate in 2020
There’s just little banks can do to encourage people to take out loans.
Weekly Global News Wrap: UBS to inject millions into fintechs; Deutsche Bank chair to bow out after 2022
And two Canadian banks post better than expected results despite profit declines.
HSBC sees significant growth in new APAC wealth arm
Double-digit growth is on the horizon over the next three years.
COVID-19 accelerates digital payments adoption in South Korea
The country’s credit card issuers are seeing a rise in credit card use for online purchases.
Chinese banks' volatile results posit hazy future for 2020
City commercial lenders’ profits followed a “V” curve from 2017-2019.
Japan's MUFG to shutter 40% of local branches by 2023
It also expects 6,000 job losses by that year.
Weekly Global News Wrap: JPMorgan gives out $30b in loans for US SMEs; Citi pilots ESG unit
And Westpac admits to money laundering breaches.
Singapore allows finance firms to reopen select locations starting 2 June
But most staff will continue to work from home.
Chart of the Week: COVID-19 to drive digital payments take-up in Hong Kong
E-payments firm Octopus said that mobile wallet usage rose 30% in February.
Chinese central bank should dodge bond buying: adviser
It could lead to inflation and the depreciation of the yuan.
Japanese major banks' lending surge 3.4% in April
Borrowings by COVID-hit firms spurred the jump.
Asian bankers face ‘new normal' as they return to offices
Despite the measures, some have expressed relief at physically seeing their colleagues again.
Indian banks want government to fund ‘bad bank'
They are pitching for an asset reconstruction company to buy NPLs.
Commentary
How alternative data lending is reaching Southeast Asia's unscored MSMEs
Asia is leading payments modernisation and banks can't afford to fall behind
Investing in an inefficient market
Platinum cards, paper-thin compliance?
Energy price volatility highlights structural gaps for managing FX risk in APAC
Asia’s electronic markets reach an inflection point of transformation
Tokenisation in the Philippines: The consumer is ready, but is the infrastructure?