News

Asset headwinds spell trouble for Singapore banks

OCBC and UOB have both flagged downgrades in some of their corporate accounts.

Unhedged investments threaten Japan banks' overseas profits

This is expanding into leveraged loans and collateralised loan obligations (CLOs).

ICBC, CCDO, SGX to endorse new renminbi bond indices

The new bond indices can be used as performance basis for investing in RMB bonds.

Japan banks' profit declines to persist despite overseas expansion

Any gains overseas will not be able to equal the size of domestic assets.

Deteriorating credit conditions to drag on Bangladeshi banks

Systemwide non-performing loan ratio surged 10 11.7% last 30 June.

China to launch industry standards for fintech

The project will have a focus on data security and address weaknesses in the financial sector.

Bank Indonesia maintains benchmark rate at 5%

The central bank kept its benchmark rate at 5% on the back of lower inflation.

Why Korean banks will remain steady despite subdued Q3 profits

They stand to benefit from expansions and from the low-rate policy environment.

China's Ant Financial eyes virtual banking licence in Singapore

It has not disclosed if it will seek a retail or wholesale licence.

Chart of the Week: APAC non-performing assets to decline further in 2020

This will provide a buffer to declining asset quality of banks in the region.

Weekly Global News Wrap: African central banks may cull interest rates; Zimbabwe to halve main lending rate

And another ex-JP Morgan executive was charged over alleged market manipulation.

Vietnam's central bank cuts ceiling on deposit rates

1-month and 6-month term interest rate ceilings were eased to 0.8% and 5%, respectively.

China's central bank trims lending rate to 2.5%

This is the first such cut in more than four years.

Mergers of China's small banks won't buoy reforms in the sector: report

Local governments may be resistant to give up control of their assets in regional banks.

India's central bank chief calls for tighter scrutiny of state-run banks

RBI has limited sway over state-owned lenders, who control 60% of the banking sector.

Sri Lankan banks' bearish outlook to extend until end-2019

The country is still reeling from the aftermath of the Easter Sunday attack last April.