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Weekly Global News Wrap Up: JPMorgan faces deposit growth slowdown; Estonia to expedite crackdown on Europe's $230b dirty money scandal
Weekly Global News Wrap Up: JPMorgan faces deposit growth slowdown; Estonia to expedite crackdown on Europe's $230b dirty money scandal
And PayPal injects $11m in Swedish financial startup Tink.
Singapore banks' loan growth slows further to 1.37% in April
Housing loans fell to a three-month low at $202.76b.
Maybank's Q1 net profit down 3.20% to $430m
Its Singapore unit was hit by a loss before taxation of $19.05m. Maybank’s net profit in Q1 dipped 3.20% YoY to $430m (MYR1.81b) from $450m (MYR1.87b...
Chart of the Day: Japan banks' profitability still lag behind G7 peers
The sector’s return on assets hit 0.4% in H1 2018, below 1.2% in the US and over 0.8% in Australia. This chart from Moody’s Investors Service shows...
Weekly Global News Wrap Up: German banks need $5.9b additional capital buffer; Citigroup ditched Apple Card partnership talks: report
And UniCredit eyes to sell $5.6b worth of bad loans.
China's first bank seizure in decades highlights growing small bank risk
State-owned CCB will ba taking over the business of Baoshang Bank.
Indian banks maintain strong earnings momentum in Q4
Year-end interest income rose 15.6% amidst sustained credit recovery.
Bank of East Asia chief executive David Li to retire
His sons, Adrian David Li Man-kiu and Brian David Li Man-kiu, will pick up in their father's stead.
Singapore banks brace for higher risk weighted assets
RWAs could increase by 25% by 2022 and 80% by 2027.
Chinese regulators to take over regional lender Baoshang Bank
The regulators identified serious credit risks.
Singapore banks' fixed deposit rates to maintain sustained easing
FD rates have already started tapering off in April.
India makes headway with public bank mergers
India is reportedly aiming to merge Punjab National Bank with up to three other banks.
HSBC to add over 1,000 China tech jobs
It will boost headcount at Guangzhou, Shanghai and Xi'an by 14% from the current 7,000.
ING unveils digital bank in the Philippines
It offers 2.5% interest rate on savings.
Singapore sets up banking conduct committee
It will serve as a platform for banks to self-asses and update industry codes of conduct.
Chart of the Week: Global ATM numbers drop for first time as China, India and Japan shun cash
The growing popularity of mobile payments is partially to blame.
Citibank appoints Brendan Carney as Singapore CEO
He was previously the consumer business manager (CBM) for South Korea.
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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