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Weekly Global News Wrap: Germany to discuss Wirecard fallout; UBS Q2 profit falls 11% to $1.23b
Weekly Global News Wrap: Germany to discuss Wirecard fallout; UBS Q2 profit falls 11% to $1.23b
And investors sue Deutsche Bank over Jeffrey Epstein scandal.
China to look into banks' quarterly green finance practices
Metrics include green finance share of total business mix.
Chart of the Week: Lockdown easing drives card payments recovery in India
Fear of COVID-19 spread is driving consumers towards digital payment tools.
Global banks interested in Taiwan after passage of Hong Kong security law
The government sees the shift as a way to reinvigorate economy.
Ant Group has picked banks for $10b Hong Kong IPO: report
The company could seek a valuation of at least $200b, according to sources.
Goldman Sachs execs in Malaysia for 1MDB talks: report
Malaysia's finance minister is hopeful that it will help recover lost assets.
India mulls reducing number of state-owned banks to five
The first part would entail the sell-off of majority stakes in six lenders.
Hong Kong banks suspend return-to-office plans amidst new wave of infections
As many as 70% of Citigroup’s staff will be working from home.
Japan creates team to look into central bank digital currencies: report
It will follow-up on the BOJ’s efforts in this field.
Hong Kong-based wealth clients probed for pro-democracy ties
"Politically exposed persons" can have a hard time accessing banking services.
Singapore banks' trading print to offset lower interbank rates
Loan growth for the major banks are likely to be 1-2% QoQ.
Non-bank lending to flourish in Asia as incomes diminish
More than two-thirds have prepared for active borrowing.
Regulator finds Westpac's non-financial risk culture “immature and reactive”
The bank is embarking on a multi-year program to address shortcomings.
China seizes financial firms linked to probed conglomerates
This is a part of a crackdown on conglomerate-posed systemic risks.
HSBC global equities chief exits amidst restructuring: report
The bank has been revamping its investment banking arm.
Deutsche Bank's new Asia CEO picks Singapore over Hong Kong
The bank's new APAC ESG head will also be moving to the Lion City.
South Korea's money supply grew 1.2% in May
This was due to an increase in household and corporate loans.
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