News
Bank-backed asset securities in China hit $131.12b in 2018
Bank-backed asset securities in China hit $131.12b in 2018
Almost 30 banks have unveiled plans to set up WM units following clearer policies.
Japan boosts money laundering defences
MUFG Bank and Mizuho Bank will halt international cash remittances from June.
Hong Kong consumers more willing to share data than UK and Germany: survey
Consumers are willing to share income, location, lifestyle habit data in exchange for tailored offers.
Delayed accounting rules bring reprieve to debt-ridden Indian banks
State banks would have to raise $16b in provisions in Q1 if the rules kicked into effect.
Chinese banks suffer heavy losses as delinquencies hit $17.88b in January
The energy sector saw the most defaults of $6.94b.
Hong Kong credit card balances up 5% to $17.33b in Q4
The balances of Generation Z customers skyrocketed 89%.
Chinese banks raise record-high $48b in Q1 to plug capital crunch
Banks have been allowed to issue perpetual bonds to improve solvency ratios.
Vietnam puts pressure on remaining 14 banks to list before 2020
17 of the 31 banks have already registered for trading.
Singapore slapped $12.47m in penalties in last 18 months
Enforcement actions include 19 prohibition orders and $698,000 in civil penalties.
Philippine customers trust banks more than government with their data: survey
Around 42% trust banks the most compared to 21% who trust the government.
Asian wealthtech firms snap up 15.5% of investment in 2014-2018
They still fall flat of Europe and North America’s dominance.
Banks struggle with millenials' use of messaging apps
2 in 5 APAC millennials contact their RMs through chat application in Q2 2018.
Weekly Global News Wrap Up: Germany's mega-bank merger may cut around 30,000 jobs; Italy eyes renewing bad loan guarantee scheme
And JPMorgan launches checkless no-overdraft accounts.
Chart of the Week: Can Chinese banks plug SMEs gaping credit crunch?
Loans to SMEs by SOCBs dropped to -4% in 2018 from 12% the previous year.
Soured debt outpaces growth of Philippine bank loans in 2018
Bad loans grew 16.17% even as total loans rose 13.6%.
Indonesian banks face liquidity crunch as loans pick up
Loans-to-deposit ratio rose 94% in 2018 from 89.6% the previous year.
Indonesia's 88 fintech lenders see opportunity in US$70b credit gap
With average loan sizes of US$35,000-200,000, farming remains the main opportunity.
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