Retail Banking
Japan's MUFG hit with first loss in 10 years
Japan's MUFG hit with first loss in 10 years
It recorded a $236m loss in Q3 due to its core unit’s one-off charge.
Weekly Global News Wrap: Turnarounds plunge Deutsche Bank to $6b loss; Goldman Sachs plans to offer loans on Amazon
And Morgan Stanley pledges $20m for children’s mental health programs.
Chart of the Week: Malaysia's loan growth halved to 3.9% in 2019
Both household and non-household loan growth slowed.
Hong Kong banks' profits threatened as nCov drags on credit demand, interest margins
Average credit losses are estimated to be 25bp-30bp.
UnionBank inks student programme with Singapore Management University
SMU students will help participate in banking and fintech projects of Union Bank.
Why winning in financial services requires ecosystem thinking
Collaboration holds the key to unlock the pathways for traditional bank incumbents and technology entrants in the disrupted world of financial...
Thai banks on an overseas buying spree
But this could reduce their capital buffers and create additional risks.
Coronavirus outbreak to drag on Singapore banks' loan growth, earnings
Asset quality could weaken if the outbreak would continue to persist in the coming months.
Bank of East Asia closes 20 branches due to coronavirus
ATMs located within closed branches will also be unavailable.
HSBC mulls fleeing Turkey amidst bearish economy
The bank will sell its operations in the country if it can find a local buyer.
SME credit support immaterial to Sri Lankan banks' credit profiles
Improved liquidity due to slow loan growth last year should cushion the effects.
Cambodian Public Bank secures cash settlement agent status
It will utilise the accreditation to promote securities trading to its customers.
Singapore wealth firm GIC buys 30% stake in Myanmar's Yoma Bank
GIC injected $88.7m in a latest funding round along with Norwegian private equity firm Norfund.
Weekly Global News Wrap: Credit Suisse sheds US private wealth bank; German mobile bank says they poached 250,000 customers from Chase and Citibank
And UBS plans to hire 20 managing directors for its US investment arm.
ASEAN supply chain shifts a win for Singapore banks
They will be attracted to the banks’ strong balance sheets and access to USD funding.
Bank Negara Indonesia may post 18% earnings growth for 2020: analyst
It will be driven by a projected NIM recovery and a decline in provision expenses.
Banks urge Hong Kong staff to work from home after travels from China
Global banks are stepping up their measures amidst the coronavirus scare.
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1. Tighter fintech watch likely after Chocolate Finance fallout 2. Singapore banks’ dividends to weather economic and global trade woes 3. UOB widens sustainable financing access for SMEs 4. YouTrip launches MYR wallet and offers free weekend shuttle service 5. Revolut rolls out five new currencies including Chinese YuanResource Center
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Event News
Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
Why high capital levels are a double-edged sword for Singapore banks