Markets
China shadow banking credit down $42b amidst pandemic disruption
A 5% dip in core shadow credit triggered the fall.
China shadow banking credit down $42b amidst pandemic disruption
A 5% dip in core shadow credit triggered the fall.
Chart of the Week: Philippines may cut policy rate further by 50bps in Q2
A further 200bps cut may happen in 2020 if the pandemic extends beyond June.
Weekly Global News Wrap: European banks' loan blues; US urge banks to aide COVID-hit customers
And some US lenders hand out bonuses to staff amidst the pandemic.
Philippine banks' asset quality face decay amidst region-wide lockdown
The monetary board’s 50bp policy cut will put additional pressure on NIMs.
Asian banks stuck in an unprofitable bind
Market profitability and credit demand are likely to be affected.
Volatile market tests Hong Kong banks' buffers
Local lenders face losses as stock markets globally fall to bear market.
Bank Indonesia eases rate by 25bps
Two more rate cuts may be on the horizon.
Chinese central bank's RRR cut raises banks' asset yields: analysts
Higher asset yields will relieve pressure on profitability.
No rate cut for Japan's embattled banking industry
The central bank is already constrained by its negative interest rate policy.
Australian banks could withstand losses but longer disruption a risk
Credit losses will nearly double this year, with business loans leading the surge.
Philippines suspends financial market amidst country-wide lockdown
The Philippine Stock Exchange has been closed indefinitely.
DBS extends enrollment deadline for COVID-19 relief insurance
The policy recorded more than 52,000 sign-ups in a day during its peak.
Bank of Japan to buy $112.55b ETFs for COVID-hit firms
It will also create a loan programme to spur lending to COVID-hit firms.
Thai central bank to monitor US Fed rate cut
It is expected to further slash its benchmark interest rate of 1%.
HKMA cuts base rate to 0.86%
It had already slashed the rate to 1.5% earlier this month.
Singapore's central bank assures that local financial market is functioning normally
The regulator has left a higher level of liquidity in the banking system.
Australian central bank pumps $3.64b into the banking system
The amount was larger than the intended $1.5b (A$2.5b).