Markets
Asset quality, earnings pressure loom over Australia's big banks
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.
                    
                                        
                    
                Jefferies, Regis Partners team up for Philippine cash equities business
                                                                                                 
                        
                          Jefferies will distribute equity research on local-based companies to its client base globally.
                    
                                        
                    
                Indian prime minister keen to ramp up stake sale of four banks: report
                                                                                                 
                        
                          The government is pushing for privatization to help raise funds for its budget.
                    
                                        
                    
                Weekly Global News Wrap: Goldman Sachs cuts Q2 earnings for 1MDB settlement; Barclays probed for spying claims
                                                                                                 
                        
                          And Revolut says losses more than tripled in 2019.
                    
                                        
                    
                Return of private placements boost Chinese regional banks' capital
                                                                                                 
                        
                          They allow for tailored government participation in bank recapitalisation.
                    
                                        
                    
                Weekly Global News Wrap: US Fed, shadow banks on collision course; Banks toughen lending even as demand falls
                                                                                                 
                        
                          And France suspends Morgan Stanley from some treasury bond deals.
                    
                                        
                    
                Taiwanese banks' leverage hits record-high as economy plunges
                                                                                                 
                        
                          The hike will carry over until 2021.
                    
                                        
                    
                Gloom on the horizon for APAC banks' profits in the next few years
                                                                                                 
                        
                          Diversification of income streams has yet to yield substantial results.
                    
                                        
                    
                Recession hounds APAC financial firms as pandemic batters credits
                                                                                                 
                        
                          The outbreak will permanently reduce the economy by 2-3%.
                    
                                        
                    
                Weekly Global News Wrap: ECB extends dividend ban; AmEx warns of slow rebound as credit losses soar
                                                                                                 
                        
                          And Goldman Sachs' new performance review opens for more job cuts.
                    
                                        
                    
                Tokyo, Sydney, aim to lure financial firms from Hong Kong
                                                                                                 
                        
                          But Singapore remains the top draw due to its favorable environment and standing.
                    
                                        
                    
                Chinese banks' capital gap to foil economy boost
                                                                                                 
                        
                          Inefficient credit could potentially lead to high systemwide divide.
                    
                                        
                    
                UOB Asset Management unveils robo-advisory app for retail clients
                                                                                                 
                        
                          This makes them the first regional asset management firm to offer robo-advisory.
                    
                                        
                    
                HSBC denies Chinese media report it ‘framed' Huawei: report
                                                                                                 
                        
                          People’s Daily accused the lender of lying about the tech giant.
                    
                                        
                    
                Indian banks face further credit slump in Q2
                                                                                                 
                        
                          Scheduled commercial banks saw weaker credit growth at 5.9%.
                    
                                        
                    
                South Korea posts record high FX deposits in June
                                                                                                 
                        
                          The ongoing pandemic pushed businesses and individuals to boost holdings.
                    
                                        
                    
                 
                                 
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
								 
						 
								 
						 
								 
								 
						 
						 
								 
								 
																					
											
																			 
																					
											
																			 
																					
											
																			 
																					
											
																			 
                