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3 in 5 Singaporeans willing to share data for cheaper banking products
3 in 5 Singaporeans willing to share data for cheaper banking products
Users are willing to share data on their income, location and lifestyle habits.
Singapore bans reps from HSBC and UOB over fraud
Their cases involved deception, sales of fake products, and forgery.
700 banks to join Japan's nationwide smartphone payment service
It will launch in October which coincides with the October consumption tax hike.
Will India see more smaller bank acquisitions?
The proposed merger between Lakshmi Vilas Bank and Indiabulls Housing Finance could be the catalyst to change the tide.
Asian Banking & Finance Corporate & Investment Banking Awards 2019 is now open for nominations
Entries will be accepted until 29 May 2019.
Global News Wrap Up: Turkish banks struggle under growing bad loans; Societe Generale eyes cutting 1,600 jobs
And Standard Chartered slapped with $1.1b fine for sanction violations.
Chart of the Week: Chinese P2P players halved in 2018 amidst tougher regulations
Active P2P investors also fell 45.2% to 2.3 million.
Singapore banks lead STI gains with 6.1% rally in April YTD
Their average 2019 YTD total return stands at 8.6%.
Embattled Vietnamese banks take refuge in foreign investments
Japan-based J Trust Corp will buy a stake in Construction Bank for an undisclosed amount.
India could impose bad debt resolution rules on state banks: report
Lenders are hit with a total bad debt of $146b.
Korean virtual banks succumb to net losses for two straight years
K Bank and Kakao Bank saw a combined net loss of $78m in 2018.
Will China soon cut banks' reserve ratio further?
Analysts weigh that an RRR cut is still needed considering liquidity conditions.
Japanese megabanks curb hiring amidst digitalisation drive
MUFG will cut new hires by 45% as it aims to halve the number of teller-operated branches.
Weekly Global News Wrap Up: Citi buys $6.4b mortgages from UK bad bank; Goldman Sachs slapped with $45m by UK watchdog
And Wells Fargo CEO Tim Sloan is stepping down.
Chart of the Week: Singapore banks' LDR slows to 104.6% as lending weakens
On the other hand, deposits grew at a near-two year high at 6.3%.
Chinese megabanks caution against bad loans as year-end profits take hit
Lenders also sharply increased provisions for future bad debt.
Regional gains boost Singapore bank loans amidst weakening domestic demand
Regional loan growth of 0.3% outpaced domestic loan expansion of 0.2%.
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