Retail Banking
New Zealand banks' profits drop 20.4% in Q1
New Zealand banks' profits drop 20.4% in Q1
Lending remained strong in Q1 but recorded dramatic plunges in April and May.
China imposes pre-checks on large bank transactions
The PBOC hopes to keep systematic risks at bay.
Indonesia cautions against excessive bank withdrawals
Its banking watchdog assured that the sector is well-capitalised, on aggregate.
Robocash kicks off pre-IPO for Philippine neobank
The group plans to launch an IPO for Una Bank in December.
Time deposits at South Korean banks down by $8.83b in June
More people are holding on to their money amidst record-low rates.
Amar Bank launches Indonesia's first digital-only bank in cloud
Senyumku is currently available in lite version.
Weekly Global News Wrap: Goldman Sachs boosts capital measures; Charges filed against Wirecard ex-bosses
And the UK allows TransferWise to offer retail investment services.
Indonesian banks to reflect COVID's fatal impact on Q2 results: Fitch
But the loosening of loan restructuring rules should help alleviate negative effects.
South Korean banks to begin implementing Basel III by end-June
Kwangju Bank and JB will be the first to make the shift.
DBS rolls out sustainable transition finance framework and taxonomy
The taxonomy will outline the banks’ “green” and “transition” transactions.
China's order may endanger banks' long-term profit outlook
The State Council’s unclear directive could have bigger implications.
Thai banks see support in regulator's dividend restrictions: Fitch
This will help them maintain necessary resources to support lending activity.
Philippine banking system faces $13.8b in impairment losses
A severe stress scenario in the weak real estate sector will drive up NPL ratios.
Weekly Global News Wrap: US banks awash with $2t deposits; Wirecard ex-CEO arrested
And Canada’s banking regulator holds big banks’ capital buffers at 1%.
Thai central bank tells lenders to freeze dividend payments
Banks are required to prepare capital management plans for the next 1-3 years.
MUFG Bank to invest in NTT Finance Corp's green bond
It will be used to finance sustainable green building projects.
UOB reopens seven more branches in Singapore
These banks are located in high footfall retail areas.
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