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Indonesia eyes tighter fintech regulations to curb loan shark activity
Indonesia eyes tighter fintech regulations to curb loan shark activity
Fintech firms will be compelled to be registered with authorities.
Bad loans bog down Indian state banks with $1.4b loss in Q4
The banking sector is saddled with a massive $210b in problematic loans.
Number of Taiwanese bank branches plunge to five-year low in 2017
This translates to 3,417 branches still in operation.
Philippine banks profits up 17.8% in Q1
Higher earnings from trading buoyed non interest income to $691.53m.
Chinese banks' money supply received boost from RRR cut
Net interest margins are poised to widen amidst more loans to deploy.
Hong Kong banks face heightened risks from close Chinese ties: Fitch
The credit rating agency noted that China's governance standards are lower than Hong Kong's.
Limited oil and gas exposure cuts Singapore banks' bad loans in Q1
New NPL formation eased for DBS by 63%, 24% for OCBC, and 1.9% for UOB.
Wealth management fees buoy Singapore banks earnings in Q1
DBS, OCBC, and UOB all registered double-digit growth in fee income.
Hong Kong banks authorised to apply fintech in credit assessment
Instead of collecting income proof, banks may use big data and other fintech.
Housing downturn pushes Australian banks' credit growth down to 5.1% in March
Residential credit accounts for more than 60% of the banking system’s overall credit.
Weekly Global News Wrap Up: BNP Paribas profit falls 17% in Q1; BofA pushes for cashless payments
And Greece's top banks would lose $18.6b of capital under stress.
Chart of the Week: Check out the growth of AUM held by China's asset management industry
Assets under management exceeded $15.69t.
Australian banks face heated competition as first digital-only player enters fray
The country’s regulator has granted fintech bank Volt license to operate.
China regulator slaps three banks with $29m fine for industry malpractice
The banks violated proper lending practices amongst other multiple transgressions.
Hong Kong loan growth extends climb after rising 15% in March
This represents the fourteenth consecutive month of double-digit annual growth.
Singapore banks poised for widening NIMs
DBS and UOB posted sequential 5bps and 3bps widening respectively in Q1.
Can trade finance plug the gap left by Australian banks' retreat from wealth?
Over a third of businesses expect trade finance demand to rise in the coming year.
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