Retail Banking
Citi Singapore hands out $1,200 aid to employees
Citi Singapore hands out $1,200 aid to employees
Around 1,600 will benefit from the compensation.
HSBC shareholders mull action after dividend payout scrapped
British regulators earlier told the bank to preserve capital as buffers.
Japan's banks exposed to higher property risk as buffers dwindle
Property prices may collapse if supply exceeds actual demand.
Bank of China HK's NIM contracts despite cross-border growth
The bank will likely focus on loan mix and deposit adjustment to reduce impact.
Hong Kong banks' asset quality battered by COVID-19 and protests
Exodus of corporate clients, mortgage risks, and dropping credit card use pose a big threat on revenues.
MUFG Bank names Pierre Ferland as co-head of global markets for Asia
He was the former CEO of MUFG Securities Asia.
India directs banks to operate during lockdown
This is to ensure that the government’s relief package reaches the poor.
Weekly Global News Wrap: Global banking systems may need restructuring; Major UK banks scrap dividend payments
And Goldman Sachs, Morgan Stanley OK’d for majority stakes in China ventures.
MUFG sees surge in firms needing COVID-related funding
Cash flow is evidently becoming a problem for Japanese companies.
Xiaomi and AMTD-backed neobank Airstar starts pilot service
It will on-board 2,000 customers from acquaintances and families of staff.
Sri Lanka's banks face dampened outlook for 2020
Announced regulatory policies aren’t enough to shield the sector from the pandemic’s punches.
New Zealand banks will still be profitable despite lockdown: S&P
The earlier announced fiscal measures should provide ample support to banks.
ICBC resilient against pandemic drawbacks: analysis
But it may have a hard time sustaining its 2019 net profit growth.
Hong Kong's first virtual bank starts operations
The firm is offering a savings rate of 1% for deposits up to $500,000.
Australian banks feel the pinch despite stimulus package
Not enough cushion for impairment charges and bad debts.
Singapore monetary board asks financial firms to ensure COVID-19 distancing measures
Online platforms and employee distancing should be implemented.
NZ banks have ample buffers against pandemic storm: analyst
They come from a strong asset-quality position and have sound capitalisation.
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