Financial Services
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.
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.
Financial firms undermanned amidst 2019-nCov spread
Expect more delays in the completion of equity sales and bond deals.
Bank of East Asia closes 20 branches due to coronavirus
ATMs located within closed branches will also be unavailable.
HSBC Life extends nCov benefit programme to families of policyholders
Policyholders and families will receive complimentary benefits starting 1 February.
Banks urge Hong Kong staff to work from home after travels from China
Global banks are stepping up their measures amidst the coronavirus scare.
Sun Life Hong Kong floats new policies against coronavirus
They will be entitled to a waiting period waiver if diagnosed between 24 January to 30 April.
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