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Chinese banks to give up $211b in profits, face asset yield decline
Chinese banks to give up $211b in profits, face asset yield decline
They are likely to surrender up to $197b in income.
China pushes banks to sacrifice profits: report
The move shows concerns about its ability to recover after the pandemic.
Singapore digital bank aspirants down to 14
MAS asked the applicants to update their business plans and financial projections.
HSBC resumes plan to axe 35,000 jobs: report
CEO Noel Quinn said that they will maintain a freeze on almost all external recruitment.
Weekly Global News Wrap: Swiss National Bank likely to keep low policy rate; Goldman Sachs pledges further $250m aid
And Commerzbank rebuffs Cerberus demand for seats in supervisory board.
APAC payments industry remains attractive to investors: analyst
The industry recorded 29 deals in Q1 from only 23 in Q4.
US dollar deposits at South Korean banks rise amidst outbreak
Outstanding dollar deposits at five local banks have reached $47b.
South Korean banks' loan delinquency ratios rise in April
Delinquency of loans extended to households edged up 0.02 ppt.
Chart of the Week: Almost half of Singaporeans prefer e-payment methods
PayNow is the top choice for 18.2% of surveyed consumers.
Singapore's financial institutions allowed to reopen branches, resume in-person meetings
They must implement all safety measures and maintain a record of meetings.
Chinese banks face headwinds in Q1, but asset growth rebounds
Asset quality tightened but is yet to reflect the effects of the pandemic.
Three-fourths of Filipinos open to having a financial account online
But finance firms stand to lose 40% of new business if account opening isn’t fully online.
Indonesia's Bank Central Asia joins scheme to boost liquidity
The government said healthy lenders can apply to cash-strapped peers.
HKEX-listed Link REIT secures $130m sustainability-linked loan from OCBC
It is the REIT's first sustainability-linked loan transaction in the Hong Kong dollar.
Australia's policy stimuli help banks achieve investor confidence
Measures have led to improvements in funding and liquidity conditions.
Default rates of credit card receivables in Japan to remain elevated
Annual default rates of credit card purchase rose to 6% in March from only 4.4% last year.
Do fintechs need better marketing communications?
Singapore alone houses hundreds of fintech companies, ramping up competition.
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