News
Malaysian banks earnings slipped 0.5% in Q1
Malaysian banks earnings slipped 0.5% in Q1
The sector’s pre-provision operating profit is at its lowest since Q1 2017.
Chinese banks' loan growth up 15% to $170.7b in May
It was lower compared to the $180b worth of new loans expected by analysts.
Chart of the Week: Here's where Japanese banks' shrinking loan balances are hitting harder
More than half of lenders based in Chugoku, Koshinetsu, Shikoku and Tohoku earned less revenue.
Global Weekly News Wrap Up: Wells Fargo to shell out $386m to customers; JP Morgan kills mobile banking app a year after launch
And banks in the EU have paid $24.2b to central bank since 2014. From Reuters:
China launches risk hedging tool to ease jitters after Baoshang Bank takeover
It is offered to investors in the $289m worth of six-month certificates of deposit.
New Hong Kong virtual banking licenses spur demand for data jobs
The hottest roles will include data scientists, UI engineers, and full stack developers.
Korean banks step up game to lure baby boomers
KEB Hana will create a taskforce to focus on premium pension products.
Singapore banks' bad loan ratio to hit 1.7% by 2020
Blame higher delinquencies from SMEs and non-financial firms.
Taiwan embraces facial recognition in online banking
Taishin Bank will utilise the technology for clients with iPhone X by Q3.
Korea banks on big data infrastructure
It will create a financial data exchange for financial players in the country.
Japanese lenders team up with global banks for blockchain-based digital coin
It will be used to speed up overseas money transfers.
Open banking could uplift Australian banks
The big four banks will be required to make data available for transactions by February 2020.
Here's why Indian shadow banks are looking overseas
They have already clinched more than $2b worth of overseas bonds and loans in 2019. Bloomberg reports that shadow banks in India are looking outside the country in search for earnings amidst lenders that have been hesitating in extending funds.
Chart of the Week: Check out Vietnamese banks' return on average assets
It lags behind the Philippines and Indonesia.
Weekly Global News Wrap Up: JPMorgan faces deposit growth slowdown; Estonia to expedite crackdown on Europe's $230b dirty money scandal
And PayPal injects $11m in Swedish financial startup Tink.
Singapore banks' loan growth slows further to 1.37% in April
Housing loans fell to a three-month low at $202.76b.
Thailand eyes integrating biometrics into account openings by Q3
Exits for the trial period of the service could start in Q3 2018.
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