Retail Banking
Weekly Global News Wrap: JPMorgan to pay $1b for China fund JV; Credit Suisse mulls job cuts
And Australia's BNPL firm Afterpay to acquire Spain's Pagantis.
APAC banks face varying effects of ultra-low rates
Typical challenges include weak interest income and NIM compression.
Indonesia's Bank Mandiri face lower margins, climbing NPLs
The lender’s net interest margin contracted by 65 bp in H1 2020.
Chinese banks' liquidity still enough despite key metrics slumping
Asset quality grew 10.8% in Q2 from 9.4% a year earlier.
MUFG to pool funds for pandemic-hit firms
It will issue sustainable bonds totalling $1.42b.
Chinese banks face first H1 profit drop in a decade
The regulator has urged banks to recognise bad loans and hike buffers.
Economic shock to hurt India's public sector banks
The government will be the likely source for recapitalisation.
Bank of East Asia posts 53.2% profit jump to HK$1.5b
Lower impairment losses in Mainland China caused the surge.
Virtual banks unlikely to threaten incumbent ASEAN banks: Fitch
Their digital edge, branchless model, and cost-efficiency plans give little edge against established lenders.
ANZ Bank adds $500m to provisions in Q3
This adds to the earlier $1.21b provision.
Pandemic disrupts digital banks' momentum in Asia
Their target markets have been severely hit by the pandemic.
Deutsche Bank names Huynh Buu Quang as Vietnam country chief
The bank had earlier announced plans to invest in the country.
PBOC injects cash into banks to ease stress
It added $101b (CNY700b) of one-year funding via the medium-term lending facility.
Adapting to the New Normal: A Response to COVID-19
It is fair to say that financial institutions have, with technology, largely succeeded with stopgap measures in the initial drive to adapt to the new...
Australian wealth management firm AMP's net profit at $145.75m in H1
Its underlying profit fell by 41.8% compared to the same period in 2019.
HSBC Private Banking names market heads for Singapore, Malaysia
Both are based in the Lion City.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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