China
Weekly Global News Wrap: Credit Suisse China beset with senior staff exodus; Israel’s Bank Hapoalim optimistic with interest rate rise
And Tencent’s NFT platform to stop selling new NFTs.
Weekly Global News Wrap: Credit Suisse China beset with senior staff exodus; Israel’s Bank Hapoalim optimistic with interest rate rise
And Tencent’s NFT platform to stop selling new NFTs.
China’s new bank loans plummet in July amidst COVID fare-ups, property jitters
Analyst warned that new lending may continue to disappoint in the near term.
Property woes, unemployment threaten structure letting Chinese banks offload bad loans
NPL securitisations allows banks to sell NPLs to a vehicle.
Weekly Global News Wrap: Depositors hit by China’s banking fiasco to be repaid; HSBC pays £1500 to staff to help with living costs
And India’s Yes Bank is selling up to a 10% stake for $1.1b.
Mortgage boycott threatens Chinese banks’ loan quality
This highlights the need to tighten regulatory oversight of escrow accounts, Fitch said.
Chinese depositors call to release savings from frozen assets of 6 rural banks: report
The head of these banks' parent company is on the run and wanted for financial crime.
Dah Sing Bank partners with Japan’s Norinchukin to promote Japanese food, agri products
Dah Sing’s board has also appointed Junji Mori and Yuichi Tashita of Norinchukin as managers.
DBS appoints ex-Vickers HK CEO as head of private banking, Greater China
Carol Wu has been with DBS for 14 years.
Chinese banks face tough balancing act of keeping profits, buoying economy
Smaller banks face being left in weaker financial positions, Natixis warns.
Does geopolitics heighten risks of an East-West divide in the financial industry?
HSBC’s potential Asia split may signal that decoupling between the West and China is growing.
Real estate woes threaten Chinese banks’ profits: Natixis
Bad loans are growing whilst new regulations' effects are yet to reflect.
Bank of Singapore appoints wealth planning head for Greater China
The bank has also hired a senior wealth planner, to be based in Singapore.
Mastercard forms Greater China Division
Greater China Division President Dennis Chang will serve as its head.
Less payment delays, longer overdue payments in China
9 in 13 sectors reported an increase in payment delays.
Standard Chartered opens US$40m Greater Bay Area Centre in Guangzhou
More than 700 employees are now based in the GBA Centre.
Chinese banks report double-digit profit growth in 2021
But they also face a difficult 2022 due to a triple whammy of challenges.
Lockdowns, travel bans hurl new headwinds at banks in China, HK
Banks are expected to perform well in Q1, but market risks are on the rise.
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
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The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
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1. Labour force upskilling needed as SG nears 'super-aged' status 2. MAS, IBF working on gen AI job impact map 3. Australia’s P&N Bank scraps proposed merger with Beyond Bank 4. Australia’s P&N, Beyond Bank likely to seek other merger opportunities 5. Singapore’s financial sector employment rose 4,800 in 2023Events
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