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"We don't need your guarantee": ANZ
Aussie Banks ready to wean themselves off the government guarantee on wholesale bank lending, ANZ Chief Mike Smith says.
"We don't need your guarantee": ANZ
Aussie Banks ready to wean themselves off the government guarantee on wholesale bank lending, ANZ Chief Mike Smith says.
Honey, I shrunk the bank
India's ICICI Bank may have posted a profit last quarter, but deposits shrunk 6.4 percent even as it increased branches by 13 percent and its rivals gained deposits.
HSBC: We have passed the worst
HSBC Chairman Stephen Green says the bank has passed the bottom in the cycle in financial markets as the bank saw net income fall over 50 percent to $3.35 billion.
RBS Weath in Singapore sold to ANZ
After months of negotiations, ANZ has been confirmed as the buyer of RBS' wealth and retail operations in Singapore, Indonesia, Taiwan, and Hong Kong for $687 million.
State Bank of India profits up 42% to $481 million
It’s good news for now as India's largest bank adds branches in rural areas and gaining market share against rivals like ICICI.
Aussie banks cut fees
First it was the NAB. Now the big four aussie banks are looking at cutting account withdrawn fees to appease customers.
SCB, FTI extend capital support to entrepreneurs
The SMI Capability Enhancement Project is offering financial support of up to US$2.938 million per entrepreneur for the second year.
ICBC first to be ISO 9001:2008 certified in China
The British Standards Institution approved the transition of ICBC Bill Business Department's certification from ISO 9001:2000 to ISO 9001:2008. The achievement marks the 7th consecutive successful follow-up assessment of the Bill Business Department and its branches, which also makes it the first banking institution to be certified with ISO 9001:2008 in China.
Warning sounded on South Korean bad loans
South Korea's regulator has warned banks they have to act quickly to rein in bad loans as ratio hits four-year high.
HK client sues UBS for $32 million
And it never ends. Just a week after major banks announced they would make good on some Lehman mini bond losses, it has emerged that a 77-year-old lady lost $32 million buying products from a couple of UBS Private Bankers.
If Goldman is selling, why is NAB buying?
Goldman Sachs is not known for getting the bad end of a deal, so it may be a surprise to learn Australia's NAB is buying its wealth management business for A$99 million.
New BAY service provides $29,351 loans via ATMs
Bank of Ayudhya launched a new personal loan service with a credit limit as high as THB1,000,000 or US$29,351 through the ATM. The "KRUNGSRI Smile Cash Line Cash Card" also has an exemption for withdrawal fee and annual fee for a lifetime.
Public Bank net rises 3% on financing gains
Public Bank Group achieved a net profit of US$339.3 million in the first half of 2009. While the bank’s net profit for the same period in 2008 was US$367.59 million, it included a one-off goodwill payment of US$56.55 million from ING Asia/Pacific Limited in respect of the Group’s regional bancassurance distribution alliance with ING.
KTB addresses customers' complaints
Krung Thai Bank has joined the Bank of Thailand and the Securities and Exchange Commission to address customers' complaints about loan refusals.
HSBC ups SME loan fund to $2.064 billion
HSBC increased its SME loan fund by US$516 million to US$2.064 billion, to accommodate applications of Hong Kong's loan schemes.
HSBC expands from Bohai Rim to China's inland cities
HSBC Bank China expanded in China's Bohai Rim region by becoming the first foreign bank to open a branch in Jinan.
OCBC, Great Eastern collaborate in bancassurance
OCBC Malaysia will grow its bancasurance business by distributing Great Eastern Life Assurance developed products through its 29 conventional banking branches. This is made possible by the partnership formed between the two groups in the area of bancassurance following the recent liberalisation of the financial services sector in Malaysia.
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Generative AI’s role in the evolution of banking
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