News
Japanese banks' margins hit record low as negative rates, steep forex costs bite
Japanese banks' margins hit record low as negative rates, steep forex costs bite
Profits are under threat on several fronts.
Risks rise for Australian banks as house prices tick up
Will housing portfolios deteriorate?
CIMB inks bancassurance partnership with Japan's Sompo
It will distribute non-life insurance products in SE Asia.
Malaysia is stuck with its longest slide in loan approval rates since 2009
Loan approval dropped 17% in April.
Bank of East Asia shuts 22 brokerage outlets, sheds 180 staff
Keeping the branches is too costly, BEA says.
Hong Kong banks' mainland loan exposure drops for the first time in a decade
But bad loans remain a key risk.
ICBC fuels European expansion with launch of €1 billion fund
It's targeting Central and Eastern European governments.
Wealth managers are dangerously outdated, and wealthy Asian clients are not pleased
Just 25% of private banks have proper digital channels.
Singapore's central bank mulls "regulatory sandbox" for new fintech products
Regulations will be eased to boost innovation.
Woori Bank enters Philippine market with acquisition of local lender
It has acquired a thrift bank.
North Korean hackers the culprit behind Asian bank heists: report
A bank in the Philippines was also targeted.
China issues RMB3 billion bond in London
This is its first-ever international RMB bond issued outside China.
Asian banks brace for more bad loans as commodity pressures mount
Singaporean and South Korean lenders are among the most exposed.
Maybank's Q1 net profit slides 16% as higher provisions bite
Corporate banking loans deteriorated.
Vietnamese banks under threat from $1.25b debt restructuring plan
Loss-absorption buffers will take a hit.
CIMB Group's net profit up 4.1% to MYR814m
Softer capital markets dampened growth.
Chinese lenders roll out first bad loan securitization since 2008
China Merchants and Bank of China are first in line.