News
Indian banks have $446M of unclaimed deposits
Indian banks have $446M of unclaimed deposits
The Indian government wants unclaimed funds amounting to US$446,825,738 from Indian banks of more than 10 years be credited to a new fund.
State Bank of India to assist Japanese SMEs
State Bank of India and the Japan Bank for International Cooperation will help small companies Japan do business in India.
Agricultural Bank of China first half profits surges by 20.8%
Agricultural Bank of China's profits jumped 20.8 percent year on year in the first half of the year to 80.52 billion yuan.
US probes UK-Chinese bank connections on Iran business
US authorities have extended investigations of UK's HSBC and Standard Chartered to search for information on Chinese banks' businesses with Iran.
China, Taiwan prepare for cross-Strait currency clearing
China and Taiwan has paved the way for the establishment of a cross-Strait currency clearing mechanism by signing a memorandum on currency clearing.
Indonesia's Bank Mandiri to fortify Hong Kong unit
Encouraged by the huge remittances in its Hong Kong branch, Bank Mandiri is aiming to strengthen its business in the said country.
Offshoring popular among Hong Kong banks
An Asia-wide survey of the financial services sector found that 63% of Hong Kong banks and financial companies believe offshoring effective.
China Bank to finally have its own credit card
The Philippines’ China Banking Corporation will issue its first credit card next year.
Mizuho receives US$2 billion credit for M&As
Mizuho Bank Ltd, the banking unit of Mizuho Financial Group, is set to finance more mergers and acquisitions abroad with a US$2 billion credit line from the government.
BoCom boosts core capital
Bank of Communications Ltd said it has raised US$4.7 billion to meet the government’s capital adequacy ratio requirement.
CCB faces lower profitability; more bad loans
A rising number of bad loans threaten future earnings for China Construction Bank Corporation that saw its first-half net profit rise 15% year-on-year.
Citi issues own credit cards in China
Citigroup Inc has made history by becoming the first Western bank to issue its own credit card in China without co-branding from a local financial institution.
Bad debts in Zhejiang pull down banking sector
Massive bankruptcies among small businesses causes soured loans in Zhejiang Province to balloon by over 50%.
Flagging economy slams Bank of China
Bank of China Ltd reported a net profit of US$5.5 billion, a 5.3% improvement year-on-year from US$5.2 billion.
Bank of China posts weakest net increase in 3 years
Bank of China posted a 5.1 percent rise in second-quarter net profit, its slowest profit growth in over 3 years.
Singapore's banks on the look-out vs European tax evaders
Banks in Singapore have been warned since last year against funds being transferred to evade taxation elsewhere.
Financial services to reach Muslims in rural Malaysia
Financial reforms in Malaysia will give Islamic banks more opportunities in the rural areas.
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Asian Banking & Finance Retail Banking Awards 2025 Winner: Carlo Mariano and Ivy Uy of East West Banking Corporation
Carlo Mariano of East West Banking Corporation shares how EWBC’s regulatory solution ensures compliance while putting customers first.
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Fighting fraud in the digital banking age
Asian banking’s next frontier: Beyond growth, embracing precision
Rethinking cybersecurity: How APAC banks can safeguard against AI-powered threats
Why Singapore’s fast payments need faster protections