Financial Services
Bank of East Asia to review its portfolio
This follows after its profits were nearly halved in Q4 2019 due to losses.
Bank of East Asia to review its portfolio
This follows after its profits were nearly halved in Q4 2019 due to losses.
Standard Chartered's earnings recovery to be delayed by COVID-19: S&P
The group’s target 10% RoTE will likely be delayed beyond 2021. Standard Chartered Bank’s performance for the first half of 2020 will be dragged by...
Check out Hong Kong's top fintech deals from 2015-2019
Online brokerage firm Futu Holdings raised $1.13b (US$145.5m), the largest deal since 2015.
HSBC Life floats new QDAP mobile app
The app will help clients on early retirement and tax savings.
Hong Kong's fintech investments hit $2.92b in 2019
WeLab $1.21b funding round was the largest fintech deal for the year.
Bank of East Asia's profit plunges 49.9% to $3.2b in 2019
The decline was attributed to an increase in impairment losses in Mainland China.
HSBC staff have qualms over bank's revamp
The bank’s commitment to the overhaul was questioned due to Quinn’s interim status.
HSBC profits crash 53% to $46.64b in FY2019
A goodwill impairment of $56.74 (US$7.3b) dragged down their profits.
Can Ping An Bank weather weakening interest rates?
Its retail lending clients are less sensitive to borrowing rates..
HSBC to shed $100b in assets in massive revamp
About 35,000 jobs may be axed over the next three years.
ZA Bank cools off price war talks: report
It offers an introductory deposit rate of 6.8%.
Banks' earnings remain weak as coronavirus cripples operations
Around 20-30% of bank branches will likely temporarily close or shorten operating hours.
Majority of Gen Z use credit cards: survey
They have a median balance per consumer of $4,316 (US$555).
HSBC earmarks $3.9b in liquidity relief for local businesses
It is easing borrowing terms to aid companies affected by the coronavirus outbreak.
Credit Suisse calls off Hong Kong meet over coronavirus outbreak
The event was originally scheduled on 25-27 March.
Mastercard, Dah Sing Bank, BBPOS launch mobile payment app for SMEs
Tap on Phone allows merchants to accept contactless card payments.
Banks' profits threatened as nCov hits on credit demand, interest margins
Average credit losses are estimated to be 25bp-30bp.
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