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World Bank launches $12b COVID-19 package for developing countries
World Bank launches $12b COVID-19 package for developing countries
It aims to strengthen countries’ health services and support the private sector.
Huge returns boost foreign banks' investment in India
Foreign annualised ROEs grew 9.9% in the six months until end-September.
Solvency improvements threaten Vietnamese banks' strong 2019 performance
The State Bank of Vietnam is expected to allow Basel II banks to grow loans faster.
MUFG-Morgan Stanley joint securities arm axes equities staff
Two managers and few research analysts were let go as a cost-cutting move.
China lets banks waive bad loans from COVID-hit firms
Qualified businesses can apply for delays until end-Q2.
Singapore banks face slower loan growth in H1 2020
The big three banks’ are expecting lower loan growth for FY20F on the back of the outbreak.
India's share of cash payments will lower to 54.1% by 2023
The government has waived merchant fees on payments through RuPay.
StanChart's earnings recovery to be delayed by COVID-19: S&P
The group’s target 10% RoTE will likely be delayed beyond 2021.
Philippine central bank bolsters small lenders' capital
Small banks should allot a minimum 6% CET1 ratio and 7.5% Tier 1 ratio.
Indonesia mulls BRI merger with two state-owned finance firms
The bank will be integrated with a pawnshop chain and a micro-business money firm.
Philippine central bank to relax rules on ASF, COVID-hit banks
BSP may stagger booking allowance of credit losses and waive penalties.
Chinese banks' latest LPR cut to derail NIMs, profits
Loan prime rate dropped 10 basis points to 4.05% on February 20.
Weekly Global News Wrap: CEO changes bring in new age of European banking; Wells Fargo pays $3b settlement for fraudulent sales
And JPMorgan confident that it could withstand economic stresses.
Chart of the Week: China gradually opens up $16.5t card market to foreign players
Card payments value is expected to grow 11% CAGR to $25.9t by 2023.
Japan banks' profits, asset quality further battered by COVID-19 outbreak
Lower interest rates and higher credit costs spell more trouble.
Check out Hong Kong's top fintech deals from 2015-2019
Online brokerage firm Futu Holdings raised $145.5m, the largest deal since 2015.
Coronavirus outbreak pushes back funds for China's state finance firms
But they will continue to get government support given their involvement in public infrastructure.
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