News
Singapore's retail loans to shrink 2.5% in 2020
Singapore's retail loans to shrink 2.5% in 2020
New loan applications have declined as consumers are cautious of falling under debt.
Singapore regulator assures that citizens are well-represented in local senior roles
Singaporeans make up 43% of senior management roles in the local banking sector.
Weekly Global News Wrap: Over $425b European loans deferred; Goldman Sachs, Barclays mull buying GM's credit card arm
And JPMorgan hires former UK finance minister Sajid Javid.
Indian prime minister keen to ramp up stake sale of four banks: report
The government is pushing for privatization to help raise funds for its budget.
South Korea's major banks likely to retain aid for small firms
Authorities are seen to ask banks to extend support beyond September.
China's new loan prime rate to further hurt banks' profitability
The decline in average loan yields will deepen as more loans are repriced.
PBOC injects cash into banks to ease stress
It added $101b (CNY700b) of one-year funding via the medium-term lending facility.
South Korea may extend eased liquidity rules for banks: report
The foreign exchange liquidity rules are eased until September.
Chart of the Week: Japan card payments to grow 2.1% in 2020
Pandemic-related fears is crippling away at cash payment’s dominance.
China's P2P online lenders owe over $115b to investors
They have also dropped to just 29 across the country.
Relief extension for Chinese shadow banks beneficial but limited: Fitch
It will not offset the impact of investor risk aversion.
Improvement in sight for India's shadow lenders
But concerns still remain amongst investors amidst asset quality concerns.
EY Asean managing partner on banking in the pandemic and falling use of cash
Asian Banking and Finance welcomes Liew Nam Soon, EY’s Asean regional managing partner, on to the judging panel for the 2020 ABF Awards.
Banks' loan delinquency rate falls to record low in June: report
Delinquency rate for loans extended to both companies and households declined.
PwC's John Dovaston on digital banking, contactless payments, and driving growth in a pandemic
The consultancy’s Asia-Pacific financial services leader says he is excited to be part of the judging panel for the ABF Awards in 2020.
Australia's wealth managers lower fees as robo-advisory takes flight
HNW clients are losing trust that the traditional way yields the best returns.
Chart of the Week: Pandemic spurs card payments growth in Singapore
Backing from banks and merchants has made contactless payments mainstream.
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