News
Singapore to record anaemic loan growth of 1.5% in 2020
Singapore to record anaemic loan growth of 1.5% in 2020
The COVID-19 and the expected monetary easing will weigh on banks.
Taiwan banks will manage the impact of COVID-19 oubtreak: Fitch
But they will experience stress from SME and personal loans.
Asian Development Bank worsens debt conditions: World Bank head
He hit the development banks in Asia, Africa, and Europe for lending too quickly to debt-heavy countries.
Weekly Global News Wrap: Credit Suisse CEO out over spying scandal; Wells Fargo chief reshuffles management
And German online bank N26 exits the UK.
Asian bankers ready for nCov deal droughts
Several auctions and potential Chinese IPOs are being delayed or re-assessed.
Hong Kong banks' earnings to remain weak as coronavirus cripple operations
Around 20-30% of bank branches will likely temporarily close or shorten operating hours.
Majority of Gen Z use credit cards: survey
They have a median balance per consumer of $555 (HKD4,316).
Macau banks have sufficient buffers to weather near-term nCov risks
Outlook hangs on parent banks’ abilities to provide support.
Chinese financial firms face heightened risk from coronavirus outbreak
A significant loosening in the monetary policy will exert additional pressure on bank capital.
Malaysian banks boast ample capital despite higher buffer requirement
The central bank has currently set the countercyclical buffer at 0%.
Singapore's central bank urges boosting of finance measures vs nCov
Internal controls and demands for financial services should be managed.
Indonesian banks' cost pressures to persist in 2020
They will likely shift to higher cost funding in anticipation of loan demand growth.
Singapore, US to support financial data cross-border transfer
It will be allowed as long as financial regulators have access to data.
Singapore banks modest for Q4 2019 due to slow loan growth, weak NIMs
But high FY2019 momentum should present higher dividends.
HSBC to slash senior managerial roles, presence in smaller markets
It is part of a strategic plan by interim CEO Noel Quinn to boost the bank’s profitability.
Thai banks' loan growths, asset quality may dwindle due to coronavirus
Profit levels, strong capital, and good coverage ratios may soften short-term impacts.
Credit Suisse calls off Hong Kong meet over coronavirus outbreak
The event was originally scheduled on 25-27 March.