News

Razer Fintech's total payment volume doubled to $1.8b in H1

It was boosted by online shopping and higher digital entertainment consumption.

HSBC slammed anew over treatment of democracy-linked clients

Next Media execs were reportedly unable to access their HSBC accounts.

South Korean banks' vulnerability intensifies amidst renewed pandemic onslaught

The new outbreaks could lead to an extension of relief loans, which will weigh on profits.

Digital-savvy Thais push banks' fintech adoption: S&P

About 60% of the population are more attuned to digital services.

South Korea passes new law on P2P lending

Lenders are required to have a capital of at least $421,000.

APAC banks face varying effects of ultra-low rates

Typical challenges include weak interest income and NIM compression.

Chinese banks' liquidity still enough despite key metrics slumping

Asset quality grew 10.8% in Q2 from 9.4% a year earlier.

China's megabanks ramp up employment despite falling profits

The Agricultural Bank of China has already hired 4,500 people.

South Korean banks' FX deposits hit record $87.4b in July

Dollar deposits gained $2.76b during the month.

Chinese banks face first H1 profit drop in a decade

The regulator has urged banks to recognise bad loans and hike buffers.

Economic shock to hurt India's public sector banks

The government will be the likely source for recapitalisation.

Virtual banks unlikely to threaten incumbent ASEAN banks: Fitch

Their digital edge, branchless model, and cost-efficiency plans give little edge against established lenders.

Asset quality, earnings pressure loom over Australia's big banks

There is underlying economic uncertainty due to rising infections and stricter restrictions.

Thai banking system still strong despite lower profits: central bank

Capital funds and provisions were raised to guard against the slump.

Singapore's retail loans to shrink 2.5% in 2020

New loan applications have declined as consumers are cautious of falling under debt.