News
China's central bank offers $31b liquidity for banks' medium-term loans
China's central bank offers $31b liquidity for banks' medium-term loans
The PBOC said authorities won’t make 'sharp turns' in monetary policy.
HSBC Singapore to name new CEO
Current chief Tony Cripps will become CEO of Saudi British Bank in May.
Philippine banks to offload bad loans via asset management firms
They will be granted tax incentives to cover transferring costs.
India shortlists four mid-sized banks for privatisation
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
And Germany's Commerzbank sinks into red with $3.3b Q4 loss.
Japan's banking regulator surveys lenders on impact of COVID restrictions
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
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
And Italy's Intesa CEO said wealth management 'too pricey' for large deals.
DBS raises sustainability finance target to $50b by 2024
Companies have doubled down on ESG commitments due to the pandemic, the banks noted.
How exponential tech drove Asian banks' business transformation
The webinar discussed trends in digitisation and how banks are effectively using data to enhance processes.
Ant Group may resume IPOs once problems resolved: report
PBOC is still investigating monopolies in the fintech company.
Weekly Global News Wrap: US regulator rules banks cannot refuse lending to certain sectors; JPMorgan beats Q4 2020 profit expectations
And Goldman Sachs mulls deals to boost consumer banking unit Marcus.
Two in five Indian adults to have a digital bank account by 2026
Up to 373 million locals could open a digital-only bank account in the next five years.
Philippine banks' COVID-19 rebound faster than in 1997 crisis: banking group
Local lenders may rebound in three to four years.
Singapore central bank amends rules on managing tech risks
Financial firms should analyse and share threat intelligence within the ecosystem.
South Korean banks' loan delinquency rate flat in November
Compared to November 2019, delinquency rate is down 0.14 percentage points.
Shopee parent Sea acquires Indonesia's Bank BKE
The tech startup has raised $3b in stock offering for its business expansion plans.