In Focus

Local government debt remains grave challenge to China’s banking system

Local government debt remains grave challenge to China’s banking system

Debts are a heavy burden on public finance.

In Focus

Indian banking sector to spend 13% more on IT in 2013

Gartner, Inc. estimates spend at US$7.6 billion.

In Focus

HSBC developing tailor-made financial services

Targets are Chinese companies planning overseas ventures in Europe.

In Focus

Bank’s access to SDAs curbed by Philippine government

Total cuts now more than 200 basis points since July 2012.

In Focus

Fitch affirms ratings of four top Philippine banks

Gives them a stable rating.

In Focus

Japanese megabanks predict lower profits this year

Says monetary easing made loans less profitable.

In Focus

Chinese banks should do more online business

Ernst & Young also recommends they develop their intermediary business.

In Focus

BOC Hong Kong backs SME financing

Launches privileged guarantee fee subsidy.

In Focus

Philippine banking system deposits rise 10.7%

Government says it highlights ability of banks to provide credit to the economy.

In Focus

China pledges to forge ahead with banking reform

Also promises increased flexibility in managing exchange and interest rates.

In Focus

China’s shadow banking sector now valued at over U$5.8t

It's 69% of China's GDP.

In Focus

BOC cuts business ties with North Korean bank

Foreign Trade Bank accused of funding North Korea’s missile and nuclear programs.

In Focus

ICBC Thai focusing on retail market

Wants retail to account for 50% of total income by 2016.

In Focus

Bad loans up, asset quality down for big Chinese banks

Fourteen of 16 banks report rise in bad loans.

In Focus

Westpac reports record first-half profit

First half profit to March 31 hits $3.3 billion.

In Focus

Indian banks’ retail credit rises 14.5%

Economic slowdown forces banks to push retail loans.

In Focus

Weak deposit growth hammers China’s banks

Loans exceed deposits at a faster pace.

In Focus