News

Here's proof that Japanese bank stocks outpaced global peers in 2013
9 Jan 14
Thanks to Abe's reflationary policies.
Philippine banks' credit weakness to persist throughout 2021
5 Mar 21
Non-performing assets ratio is expected to rise to 5.5%-6% by the end of the year.
Two digital banks in every APAC market to challenge incumbents: study
4 Mar 21
Need for new capabilities to push bank-fintech collaborations in the region.
E-wallets to overtake cash in Singapore's in-store payments by 2024
4 Mar 21
Cards will remain king, but e-wallets will overtake them in online purchases.
Mizuho Bank's latest system failure unveils control, operational risks: Moody's
3 Mar 21
Half of its ATMs in Japan shut down on 28 February despite a $3.7b system upgrade just two years ago.
Five of world's 10 largest banks are in China: report
3 Mar 21
The Industrial & Commercial Bank of China has almost $5t in total assets.
Chart of the Week: APAC card payments to grow 19.2% in 2021
2 Mar 21
Banks and payment firms are stepping up their card game to encourage cashless spending.
Bank accounts of suspected scammers can be frozen within a day: Singapore minister
2 Mar 21
Singapore Minister Desmond Tan lays out plans to prevent scams.
MAS unveils joint paper on managing remote working risks
2 Mar 21
Financial institutions are called to benchmark their practices against examples in the study.
Weekly Global News Wrap: EU banks to float 'green' indicator next year; Citigroup revises earnings after Revlon ruling
2 Mar 21
And Goldman Sachs reboots cryptocurrency desk following Bitcoin boost.
Chinese fintechs must meet capital requirements within two years: CBIRC
2 Mar 21
Regulators have set various grace periods for different platforms.
HDFC Bank says internet banking issues 'resolved'
2 Mar 21
Its repeated technical glitches pushed India’s central bank to take action.
Commerzbank mulls exit from Hong Kong, other Asian locations
1 Mar 21
Asia sales activities will be bundled in Singapore.
CIMB posts $293.5m net profit for FY2020
1 Mar 21
Higher loan provisions affected the bank's performance.
OCBC net profits down 26% to $3.59b in FY2020
25 Feb 21
CEO Samuel Tsien maintained a cautious outlook for the economy’s recovery.
Demand for Islamic banking set to soar in South Asia, SEA
25 Feb 21
The large untapped population in these regions and government support will drive long-term expansion.
UOB's net profits down 33% to $4.34b in FY2020
25 Feb 21
The group emphasized wealth and connectivity-related services as tenets for growth.
No significant funds from Myanmar firms, individuals in Singapore banks: MAS
24 Feb 21
The regulator expects financial institutions to remain vigilant to any risk-posing transactions.
Mizuho Bank, LINE invest $114m in proposed smartphone bank
23 Feb 21
They are also introducing a co-CEO.
Chart of the Week: Growth of local e-commerce drives rise of e-payments in Australia
23 Feb 21
Buy now, pay later solutions are popular amongst Millennials.
HSBC to play by its strengths in 2021 after 30% net profit loss in 2020
23 Feb 21
The bank outlined plans to further strengthen its wealth and personal banking segment in Asia.
Citigroup mulls divesting some APAC retail banking units
23 Feb 21
Revenue from consumer banking in the region declined 15% in Q4.
Weekly Global News Wrap: Barclays resumes dividends as profit halves; Fed accepts Wells Fargo's risk management overhaul
23 Feb 21
And Credit Suisses mulls raising lending volumes.
Philippine banks' bad loans to rise in Q1 2021 as support fades: S&P
22 Feb 21
They will lean on buffers built, but this won’t provide any shield if the pandemic worsens again.
Australia's Bank of Queensland to acquire ME Bank for A$1.3b
22 Feb 21
This ramps up BoQ’s competitiveness via increase geographic diversity and scale of operations.
China's central bank offers $31b liquidity for banks' medium-term loans
18 Feb 21
The PBOC said authorities won’t make 'sharp turns' in monetary policy.
HSBC Singapore to name new CEO
18 Feb 21
Current chief Tony Cripps will become CEO of Saudi British Bank in May.
Philippine banks to offload bad loans via asset management firms
17 Feb 21
They will be granted tax incentives to cover transferring costs.
HSBC, Standard Chartered's HK shares top gainers in Asia
17 Feb 21
Both banks will report earnings next week.
India shortlists four mid-sized banks for privatisation
17 Feb 21
Two of those lenders will be selected for sale in FY2021/2022.
Weekly Global News Wrap: Banks scramble with bitcoin as adoption soars; Amex probed for small consumer cards sales
16 Feb 21
And Germany's Commerzbank sinks into red with $3.3b Q4 loss.
DBS floats Singapore's first green car loan
16 Feb 21
It offers a 1.68% p.a car loan and the bank is also donating trees for every loan taken up.
Rise of QR payments displaces cash in Singapore
15 Feb 21
More than half of businesses in the country now accepts Singapore Quick Response Code.
Capital shortage heightens India's public sector banks' risks in 2021
11 Feb 21
NPLs declined in 2020, but weak profits make them highly vulnerable to risks.
DBS touts new business platforms for 2021 as Q4 net profits fall 33%
11 Feb 21
Net interest income is 6% lower in FY2020 than the previous year.
Japan's banking regulator surveys lenders on impact of COVID restrictions
9 Feb 21
The regulator is reportedly seeking to prevent a huge rise in bankruptices of businesses.
Taiwan's central bank punishes Deutsche, ING, ANZ on currency speculation
9 Feb 21
They are not allowed to trade Taiwan dollar deliverable, non-deliverable forwards for a time.
Weekly Global News Wrap: Investment banking propels Deutsche Bank to 2020 profit; BNP Paribas posts $2.9b Q4 net profit
9 Feb 21
And Italy's Intesa CEO said wealth management 'too pricey' for large deals.
KASIKORNBANK secures approval for Ho Chi Minh branch
8 Feb 21
The branch will be operational by Q3 2021.
India's ‘bad bank' to hasten cleanup of local lenders' balance sheets
5 Feb 21
But analysts warned that it may cause banks to take up undue risk.

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