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Weekly Global News Wrap Up: US banks brace for deal frenzy as 2017 M&As doubled to $196.5b; JP Morgan targets mid-sized firms in European pivot
Weekly Global News Wrap Up: US banks brace for deal frenzy as 2017 M&As doubled to $196.5b; JP Morgan targets mid-sized firms in European pivot
And UAE and Saudi Arabia have deployed digitla currency for settlements.
Thailand mulls harsher stance against cash transactions
Banks are considering additional fees as it aims to speed up e-payment adoption.
India's ATM industry struggles with steep compliance costs
Half of the infrastructure may close down by March 2019.
Chinese regulator refuses to let up on banking crackdown with $22m fine
This represents one of the largest penalties in 2018.
Singapore banks embark on hiring spree in fight against dirty money
As a result, IT security professionals can command up to 30% in pay hikes.
Hong Kong cuts down a third of virtual banking applicants
They failed to submit sufficient information on authorisation criteria.
Hong Kong's open banking movement lures interest beyond retail
SMEs and corporates also acknowledge the merits of the pivot.
APAC banks brace for slowdown as GDP growth peaks
Loan growth will slide across the region.
Emerging Asian banks may outpace developed peers in credit gains
The Philippine and Thai infrastructure campaigns will fuel borrowing.
Weekly Global News Wrap Up: Brexit may slash London bank assets by $909b; Swedish banks mull Stibor alternative
And EU is moving to enhance its money laundering defense.
Chart of the Week: Mortgage slowdown to hit Australian bank loans in 2019
Housing loans constitute over 60% of their overall banking credit.
Hong Kong banks make do with falling loan growth as earnings lifeline
Gains from Chinese business will remain limited.
Indonesian banks refuse to pass rate hike burden to consumers
Borrowing costs remain low as lenders hope to stoke consumption.
Korean banks' bad loan ratio falls below 1% in Q3 for first time in a decade
Shipping corporates are making good headway in the crackdown.
Chinese banks' wealth management units greenlit to buy shares
It aims to boost market confidence amidst a cooling economy.
Hong Kong banks' loan growth eases to 2% in October
This represents the fourth straight month of decline.
China's shadow banking sector shrunk to $9.02t in January-September
Trust loans and entrusted loans dropped sharply.