News
Chinese commercial banks' profit up 4.72% to $273b in Q4
Chinese commercial banks' profit up 4.72% to $273b in Q4
The sector’s bad loans ratio fell mildly to 1.83%.
Philippine rural banks call to stop shrinking industry
Around 139 rural lenders have shut down operations since 2009.
Cash and cheques still account for 40% of Singapore payments
Hawker centres, food courts and wet markets remain heavily dependent on cash.
Japanese investment banks lose out to global players in M&A spree
US heavyweights may be in a stronger position to advise on foreign targets.
Weekly Global News Wrap Up: JPMorgan rolls out cryptocurrency; Estonia kicks out scandal-hit Danske bank
And the market rout weighed on HSBC's full-year earnings.
Chart of the Week: Thai banks raise capital shields against bad loans
Total capital adequacy ratios hit 18% in November 2018.
Indian banks swing back into the black in Q4
Earnings hit $21.56m with private banks leading the quarterly gains.
Chinese banks' new loans hit record high at $477b in January
Regulators have encouraged banks to lend more to firms hit by the deleveraging.
Philippine banks embrace real-time electronic fund transfer system
Both Instapay and Pesonet have seen banks grow to 47 and 42 respectively.
Japanese regional banks jump in on cashless payment initiative
J-Coin enables transactions without the need to install readers.
Philippine banks agree on $410m debt-equity swap to save troubled Hanjin
The five creditors have agreed to swap debt for shares in the parent firm.
China's shadow banking sector to shrink to half of GDP in 2019
Lenders have been shifting to on-balance sheet activities.
India slaps 4 public sector lenders with $705,000 fine
Corporation Bank’s penalty hit $282,000.
Bad loans threaten Philippine banks amidst steep interest rates
Soured assets held by Philippine banks hit $430m in November 2018.
Indian banks make headway in denting bad debt in Q3
The growth of gross NPAs fell to 8.4% from 30.4% the previous year.
Struggling Chinese firms to lift Hong Kong banks' classified loan ratio to 0.75% by 2019
The number of defaults quadrupled to hit a record $17.68b in 2018.
Online banking scams in Hong Kong rose threefold in 2018
There were 62 cases of phishing last year.