Unleashed bank deposits misused in Chinese economy
Chinese bank deposits in the trillions of renminbi were vitalized to leave the banking system last month but the money has not yet been well-used in the real economy.
Asian news from county Banks
Junta waging war on Myanmar’s doom-loop economy
Myanmar’s freefall into failed state status is starkly evident across the multiple battle zones of the countryside but arguably the most alarming decline is being felt in the fast-collapsing economy.
ASEAN banks grapple with uncertain U.S. Fed interest rate cuts
SINGAPORE -- Banks in the Association of Southeast Asian Nations are grappling with uncertainty over their loan books as evidence of persistent inflation leads central banks to refrain from slashing interest rates, increasing pressure in the financing business.
As gold smuggling runs rampant, Vietnam casts around for ways to tame market
Stabilising the gold market is a pressing issue for the Vietnamese government with smugglers taking advantage of higher local prices to slip in the precious metal, leading to exchange rate distortions and weakness in the dong that’s hurting the economy.
Banks in a bind as Vietnam PM bemoans fall in lending
HO CHI MINH CITY -- Vietnam's banks are in a quandary as they face official pressure to simultaneously increase lending and scrutinize loans more closely, and with authorities cracking down on financial fraud, including a case in which prosecutors are seeking the death penalty.
ASEAN banks' fat interest margins wane as Fed rate cuts loom
SINGAPORE -- Banks in the 10-member ASEAN bloc may be seeing the last of beefy earnings from loans in the current higher financing era as lower interest rates loom.