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Weekly Global News Wrap Up: EU regulator rejects calls for lower capital rules; Colombia must pay $61m to banks involved in Odebrecht project
Weekly Global News Wrap Up: EU regulator rejects calls for lower capital rules; Colombia must pay $61m to banks involved in Odebrecht project
And a regulator in South Africa slapped a fine on an Indian bank.
Credit card spend in Taiwan hits $10.42b in June
The tax season drove monthly gains.
Indonesia moves to ease bank merger rules
It would relax the requirement for acquiring banks to merge local operations into one entity.
Tech upstarts woo locals as Singapore retail banking customer satisfaction falls
65% are interested in opening digital bank accounts, up from 52% in the previous year.
Malaysian e-payment transactions nearly tripled in 2018
It hit 125 transactions per capita last year.
Singapore banks face risk of rising credit costs as bad assets mount
Net new NPA formation for all three banks rose in Q2, higher than FY18 quarterly averages.
Malaysian bank earnings growth to slow to 1% as loans falter
Loans continued to trend downwards in June, falling 4.2%.
Thai banks' credit growth falls to 1% in H1 as demand wanes
Retail loan growth fell to 3.1% as auto sales and mortgage growth stumble.
Chart of the Week: Singapore's virtual banks can't rely on the branchless advantage for long
Facilities costs as a proportion of incumbent lenders' assets is only 7bps compared to 103bps.
iFAST eyes Singapore virtual banking license
The move will expand its service scope to include e-payment and lending.
Taiwanese banks struggle with muted profit outlook
ROAA from 2016-2018 stood at 0.6%.
Can Philippine banks ride out the bad loan wave?
Systemwide non-performing loans rose sharply by 22.5% in January.
China tightens ownership rules of unlisted banks
The move comes after the takeover of Baoshang Bank.
US dollar deposits accounted for a third of Singapore's total bank deposits in March
USD deposits rose at a CAGR of 20% over the past nine years.
Why you shouldn't miss the ABF Digital & Open Banking Conference
Top executives from Standard Chartered, Revolut and EY will attend the prestigious event.
International banking heads take home highest salaries in Singapore's financial sector
The average base monthly salary for this role can hit $24,000.
Meet Musheer Ahmed of FTAHK at the 2019 ABF Digital Payments Summit
He will discuss key drivers for fintech innovation and why coopetition will be the new norm for the payments industry.
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