News
South Korea braces for third internet-only bank
South Korea braces for third internet-only bank
Shinhan Financial Group and mobile app maker Viva Republica are forming a consortium.
Weekly Global News Wrap Up: European banks struggle to lure talent against high-paying US players; EU banks face tougher hurdles in Saudi
And a Greek bank is gearing for $4b in bad loan sales.
Chart of the Week: Vietnamese banks are downplaying their problem loans
Vietinbank, for instance, reports an NPL ratio of 1.4% but the true figure is at least 3%.
China's crowded investment banking scene squeezes fees to five-year low
Average fees for equity deals fell to 3.9%.
Vietnamese banks call for higher foreign ownership ratio ceiling
Lenders are eager to meet capital requirements.
India eyes holding company structure for banks in bid to speed up consolidation: report
It has been proposed that a FHC will have the main bank as subsidiary.
Nearly 30 Chinese banks are setting up asset and wealth management units
The move comes after looser rules on AM activities.
Big Philippine banks' profits rose 9.3% to $3.07b in 2018
Interest earnings buoyed yearly profits despite higher borrowing costs.
Hong Kong mortgage loans down 20.7% to $23.5b in December
Weakening property demand weighed on loan growth.
South Korea's property curbs cool January household loans
The growth was its lowest since November 2017.
Singapore banks shun risky trading over stable fees and commissions
The share of trading and investment securities income shrunk to 36% in 2018 from 47% in 2009.
Hong Kong banker bonuses drop by a fifth as stock markets fall
Some local brokers had to make do with a lai see.
Malaysian bank loan growth drops further to 5.6% in December
Working capital, construction, home and auto loans weakened.
Weekly Global News Wrap Up: US consumer loan demand takes hit in Q4; Canada housing slump prompts calls for looser mortgage rules
And HSBC is said to be cutting over 50 investment banking jobs.
Chart of the Week: Singapore banks' dividend yields eclipse ASEAN peers at 5.1% in 2019
Such levels are higher than banks in Indonesia and the Philippines.
Vietnam hammers hard on bad loans as banks clear $6.42b in soured assets in 2018
This brings the bad loan ratio to 1.89% in 2018 from 1.99% in 2017.
3 in 5 Singaporeans believe fintechs are as trustworthy as banks: survey
Around 13% even believe that fintechs deserve more trust than old-guard lenders.
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