Lending & Credit
China launches new benchmark lending rate
Part of stepped-up market reforms.
Mizuho to punish bank executives over loans to gangsters
Scandal taints group president Yasuhiro Sato.
AgBank dumping bad assets
Has highest NPL ratio among all 17 publicly traded banks.
Malaysia to toughen law against money laundering and terrorism financing
Amendments will be tabled in parliament this year.
India lends US$2.29 billion to public sector banks
Bonanza to be followed by a second tranche in early 2014.
Chinese banks face fresh wave of massive defaults
Big Four triple debt write-offs as hedge. China’s largest banks have tripled the amount of bad loans written off in the first half. Industrial &...
Bank of China boosts presence in Latin America and the Caribbean
Partners with the International Finance Corporation.
Japanese banks get tougher on gangster money
Team-up with police to share information.
Bank of Beijing offers faster tourism loans
Caters to rapidly growing tourism market in China.
Shadow banking now 40% of China’s GDP
Its the fastest-growing segment in China’s financial sector.
2 in 10 Singaporeans oblivious to the need to activate credit cards for overseas use
24% don't even know how to do it.
Chinese Supreme Court urges careful handling of shadow banking cases
This will promote healthy development of private investment.
Singapore's total bank lending up 0.3%
Slight increases recorded in these segments.
Consumer finance companies to open in 10 more Chinese cities
Fourteen cities now have these companies.
India boosting banking sector support for SMEs
Sets-up committee for provision of comprehensive financial services.
China unleashes more money to ease holiday cash squeeze
Floods banking system with US$4.3 billion in funds.
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Why Philippine banks, insurers embrace hyper-personalized services
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Insurance
Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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