News
MAS' monetary policy stance to remain unchanged despite nCov impact
MAS' monetary policy stance to remain unchanged despite nCov impact
S$NEER is still said to be in line with weaknesses in Singapore’s economy.
Japan's MUFG hit with first loss in 10 years
It recorded a $236m loss in Q3 due to its core unit’s one-off charge.
Coronavirus will have little impact on Malaysian banks: analyst
Overnight policy rate cut and the 2019 nCov dented the sector.
Weekly Global News Wrap: Turnarounds plunge Deutsche Bank to $6b loss; Goldman Sachs plans to offer loans on Amazon
And Morgan Stanley pledges $20m for children’s mental health programs.
Chart of the Week: Malaysia's loan growth halved to 3.9% in 2019
Both household and non-household loan growth slowed.
China banks' NPL ratio could rise up above 6% if nCov outbreak persists
This could lead to shaving off 378 basis points from the sector’s capital adequacy ratio.
Hong Kong banks' profits threatened as nCov drags on credit demand, interest margins
Average credit losses are estimated to be 25bp-30bp.
Thai banks on an overseas buying spree
But this could reduce their capital buffers and create additional risks.
Coronavirus outbreak to drag on Singapore banks' loan growth, earnings
Asset quality could weaken if the outbreak would continue to persist in the coming months.
Bank of East Asia closes 20 branches due to coronavirus
ATMs located within closed branches will also be unavailable.
China's fintech lending to grow 16% between 2017 and 2023
But weak regulations still slip through the cracks.
SME credit support immaterial to Sri Lankan banks' credit profiles
Improved liquidity due to slow loan growth last year should cushion the effects.
Weekly Global News Wrap: Credit Suisse sheds US private wealth bank; German mobile bank says they poached 250,000 customers from Chase and Citibank
And UBS plans to hire 20 managing directors for its US investment arm.
Chart of the Week: Indonesian debit card payments to hit $32.3b in 2023
It has surpassed credit card payments in 2019.
China leads global digital payments as market hits $4.7t in 2020
The country is expected to have 49% of the global share by 2023.
Banks urge Hong Kong staff to work from home after travels from China
Global banks are stepping up their measures amidst the coronavirus scare.
Singapore's central bank implements Payment Services Act
Acts on money changing and payment systems have been repealed.
Thought Leadership Centre
In Association with
In Association with
Resource Center
Read Here
Advertise
Sign Up
Event News
Lorem Ipsum Three
Lorem Ipsum is simply dummy text of the printing and typesetting industry.
