News

Will Singapore banks' digital home loans rattle incumbent proptechs?

OCBC has already scored $200m worth of home loans from its digital solution.

Vietnam cracks down on Chinese mobile wallets

Banks are not officially connected to WeChat, making it illegal in the country.

Chinese banks' asset pool hits $37t in July

Asset growth picked up at a faster pace on an MoM basis.

Singapore's big banks are on a buying spree as share buybacks hit $116.5m

DBS led the pack after buying 2.95 million stocks bought for $74.79m.

RHTLaw Taylor Wessing's Benjamin Szeto to discuss how the ultra-rich can monetise lifestyle assets

He will also tackle possible legacy planning approaches art collectors may adopt.

South Korea's big banks poised to hit year-end offshore profit record

This would mark the first time the KRW1t ($897.5m) mark has been breached.

Philippine big banks half-year profits up 7.7% to $1.45b

The combined assets of the banking sector also hit $301.58b.

China scraps foreign ownership limits on banks

Foreign stakes were previously capped by up to 25%.

South Korean banks to launch North Korean financial products

Kookmin Bank has unveiled a trust fund for families separated by the border.

Close Chinese ties raise Hong Kong banks' compliance risk

The SAR already faces medium-high money laundering risk.

China urges banks to ramp up government bond purchases

Regulators may scrap the 20% reserve requirement.

Tech firms may soon be allowed to own internet-only banks in South Korea

A bill is paving the way for tech firms to be the largest shareholders.

Japan's mega banks embrace robots to cut costs

Sumitomo is turning to RPA to cut workloads equivalent to 4,000 employees.

Chart of the Week: Malaysian banks bad loans down to 1.59% in June

Banks shed bad loans in construction and working capital.