News

Rising credit provisions amidst falling interest rates will add pressure to banks’ profits.

According to Standard Chartered, cash and cheques still reign supreme although evolving customer expectations are prompting incumbents to rethink of more efficient ways to handle transactions.

In APAC, only Singapore and Indian cities made it into the global top ten.

High unemployment and a subued manufacturing sector will drive rate cuts.

And Swedbank overhauls top management after a money laundering scandal.

The ‘big’ four banks are likely to fall one rank below being identified as most systemically important.

Loan applications slimmed by 1.1% in the same month.

They are expected to attract “tens and thousands of customers" each.

Conditions make it hard for banks to boost earnings without taking more risk.

This is its fastest expansion since February 2019.

And 37 emerging markets cut their benchmark interest rates in November.

It will improve transparency in the sector.

NPL ratio climbed 3 bps compared to end-2018.

The minimum capital requirement may force them to consolidate or even cease operations altogether.

Under the agreement, Singapore provides yen liquidity to eligible financial firms to support cross-border operations.

Wholesale and housing finance companies are the most vulnerable.