Investment Banking
Chinese banks to find it costly to issue wealth management products this year
Regulators are tightening rules on WMPs.
Chinese banks to find it costly to issue wealth management products this year
Regulators are tightening rules on WMPs.
Weekly Global News Wrap Up: Deutsche Bank, Morgan Stanley slash bonuses by up to 90%; Asia banks to hire more tech specialists than investment bankers
And HSBC CEO warns of lower profitability for banks in 2017.
Chart of the Week: Singapore banks diversify funding source with covered bonds
Covered bonds form 7% of total debt issued by DBS.
Weekly Global News Wrap Up: Bitcoin ETF to have a significant upside; Citigroup's profits to benefit less from tax cuts
And Indonesia bans JPMorgan from the next dollar sukuk issuance.
Chinese banks to be more cautious in issuing wealth management products in 2017
Banks have already issued RMB 26.4t as of 2Q16.
Weekly Global News Wrap Up: Morgan Stanley, Credit Suisse to pay fines of up to $7b; HSBC to shut 57 branches in early 2017
And Deutsche Bank feared to shake the entire European banking system.
Chart of the Week: Check out how China's shadow banking lending is rising rapidly
Overall stock of total social financing grew 13.3% in November.
Will Chinese banks continue to shift towards investment banking?
Investment would expand from 27% to 30% of total assets in 2016.
Shadow credit in China surges to US$69b in November
It was only US$7.9b in October.
Will Asia Pacific regulators be keen to embrace wider bail-in measures?
Banks could expect greater government support in 2017.
Weekly Global News Wrap Up: Wells Fargo punished for failing 'living will' test; SWIFT remains at risk of cyber attacks
And UniCredit to raise US$13.8b and shed 14,000 jobs.
Citi names James Arnold head of Asia Pacific debt capital markets syndicate
Citi has appointed James Arnold to the role of Head of Asia Pacific Debt Capital Markets Syndicate. In this role Arnold will lead Citi’s syndicate...
Weekly Global News Wrap Up: EU's planned banking reform criticised; RBS to pay investors $1b
And Russian banks lose $31m in cyber attacks.
DBS, Bank of Singapore in acquisition mode
Acquisition this year amounted to $400m.
Weekly Global News Wrap Up: Standard Chartered to cut 10% of corporate banking staff; Two new online banking safeguards to be launched
And Aussie banks can't bypass Apple's in-house payments.
3 'powerful' trends emerging amongst Chinese banks
Loan-for-bond swaps added around US$868b to banks' investment books.
MAS eyes integrated insurance market in Southeast Asia
Find out what MAS is doing to achieve this integration.