Retail Banking
Hong Kong banks' asset quality battered by COVID-19 and protests
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.
Fintech startup MatchMove applies for digital bank license
It partnered with lender Singapura Finance and other fintechs for its bid.
HSBC names Noel Quinn as CEO
He had been serving as interim chief since August 2019.
Weekly Global News Wrap: Major US banks suspend stock buybacks; European banks close branches amidst pandemic
And a Mexico central bank staffer tests positive for COVID-19.
OCBC's growth dampened as US Fed cuts rate
NIM forecast has been slashed to 1.68% as NPL ratio could rise to 1.9%.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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Why high capital levels are a double-edged sword for Singapore banks