News
Singapore, Australia ink deal to help fintechs go global
Licensing timelines will be streamlined.
South Korea overhauls capital control rules, tells banks to prepare for sudden outflows
Forex regulations will be eased.
Reserve Bank of India tweaks bad loan restructuring rules for lenders
It will be used to avoid high write-downs.
HSBC clinches regulatory approval for US$5.2b sale of Brazil business to Bradesco
The transaction would generate a gain of US$600m.
Chart of the Day: Indian banks' profitability crumbles as NPL ratios jump
Loan loss provisioning expenses will rise.
Escalating oil & gas default risks won’t sink Singapore’s largest banks: Fitch
They have a combined exposure of around $49 billion.
Korean regulators unveil $10b fund to support distressed shipping loans
State banks will be recapitalised.
Japanese banks' margins hit record low as negative rates, steep forex costs bite
Profits are under threat on several fronts.
Risks rise for Australian banks as house prices tick up
Will housing portfolios deteriorate?
CIMB inks bancassurance partnership with Japan's Sompo
It will distribute non-life insurance products in SE Asia.
Malaysia is stuck with its longest slide in loan approval rates since 2009
Loan approval dropped 17% in April.
Bank of East Asia shuts 22 brokerage outlets, sheds 180 staff
Keeping the branches is too costly, BEA says.
Hong Kong banks' mainland loan exposure drops for the first time in a decade
But bad loans remain a key risk.
ICBC fuels European expansion with launch of €1 billion fund
It's targeting Central and Eastern European governments.
Wealth managers are dangerously outdated, and wealthy Asian clients are not pleased
Just 25% of private banks have proper digital channels.
Singapore's central bank mulls "regulatory sandbox" for new fintech products
Regulations will be eased to boost innovation.
Commentary
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?
The Asian connection: China's path to sustainable growth