Retail Banking
New loans extended by Chinese banks hit $179.51 b in May
New loans extended by Chinese banks hit $179.51 b in May
Credit continues to build up in the system despite deleveraging efforts.
Weekly Global News Wrap Up: Switzerland rejects sovereign money initiative; Credit Suisse culls senior investment banking jobs
And JPMorgan has been sued over a Mexican property transfer.
Chart of the Week: Bad loans in Malaysia inch up to 1.58% in April
The construction segment had the highest gross impaired loans at 6.96%.
Hong Kong banks wage war over fixed deposits as interbank lending rates surge
One-year HKD fixed-deposit rate is hiked to as high as 2%.
Hong Leong Bank profits hit $173.1m in Q3
Lower than expected credit costs buoyed quarterly earnings.
CIMB hit by lower trading income in Q1 as growth remains muted
Risk aversion brought about by the general elections may impact its investment banking business.
Malaysian bank earnings growth may slow 9.7% in 2018 amidst new leadership
The results of Malaysia's 14th general elections may dampen sector growth.
Bad loans at South Korean banks dip to 1.18% in Q1
Improved profits also boosted capital adequacy.
CBA agrees to shell out record $529.3m penalty
The payment will settle money laundering charges brought by the financial intelligence agency.
Japanese mega banks expand to Saudi Arabia
MUFG is establishing a Riyadh subsidiary by October.
Chinese banks have yet to feel the brunt of deleveraging campaign
Lenders have been turning to negotiable certificates of deposit to offset interbank borrowing.
Thai banks set to feel pain from waived digital fees in Q2
There is an estimated 1% impact to FY18 earnings.
Indian state banks flounder amidst lack of leadership
The power vacuum adds to a growing list of woes plaguing the sector.
Weak payment culture raises credit risk of Philippine banks
The country’s financial resilience is also frail due to low-income levels.
India's Capital First receives go signal for IDFC Bank merger
This follows approval from the competition commission.
Weekly Global News Wrap Up: Wells Fargo sells 52 branches in Midwest exit; Societe Generale to pay $1.3b fine to end Libyan and US probe
And here’s why the British government sold 7.7% stake in Royal Bank of Scotland. From Reuters: Wells Fargo & Co is pulling back from retail banking...
Chart of the Week: Check out how loans are picking up pace in Malaysia
Industry loan growth clocked in at 4.8% YoY in April.
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