News

Banks seek trade finance revamp after billions in losses: report

Lenders are struggling to reclaim loans as big traders trick banks with empty promises.

Australian banks' loan deferral extension targets 'cliff' risks: Fitch

It will also give borrowers headroom to examine their financial conditions.

Taiwanese banks' impaired loans may rise 2.5%

Weaker profitability will inhibit capital momentum.

Banks with “shattered” business models warned by regulator to adapt: report

The FSA has targeted some local lenders for “intensive dialogue”.

Australia's big banks to extend loan repayments for select customers

But customers who can resume paying their loans are required to do so.

Credit Suisse wants whole stake in China securities venture

China has become a significant market for the bank.

Liquidity to buoy rising momentum of Chinese banks: analysts

The economy has rebounded but demand roadblocks are still present.

New Zealand banks' profits drop 20.4% in Q1

Lending remained strong in Q1 but recorded dramatic plunges in April and May.

Eight in 10 Singaporeans will stick to online banking after the pandemic

Almost 70% of those aged 54 and above have grown comfortable to online banking.

Thai central bank not dismissing further monetary easing

It has already cut the interest rate thrice to 0.5%.

COVID-19 exposes pitfalls in Indonesia's finance sector

NBFIs have been the main source of problematic defaults.

China imposes pre-checks on large bank transactions

The PBOC hopes to keep systematic risks at bay.

Japan's bank lending surges at record pace in May

Pandemic-struck companies turn to loans to meet funding needs.

Strong industrial sector brings robust capital to Taiwanese banks

Current lower-for-longer interest rates will support fragile profits.

APAC investment banking fees reach record $11.6b in H1

This is the highest value attained for a first half period since 2000.