News

HSBC segregates general banking from investment services

HSBC is implementing new measures at its branches to segregate its general banking service areas from investment service areas. This is in line with new investor protection recommendations from the Hong Kong Monetary Authority. The new measures encompass clear zoning at HSBC branches between general banking and investment service areas.

HSBC segregates general banking from investment services

HSBC is implementing new measures at its branches to segregate its general banking service areas from investment service areas. This is in line with new investor protection recommendations from the Hong Kong Monetary Authority. The new measures encompass clear zoning at HSBC branches between general banking and investment service areas.

NAB simplifies, tightens security for phone banking

NAB deployed a voice biometric identification and verification function aimed at delivering enhanced customer experience and security.

St.George heeds customers' calls for lower service fees

St.George Bank of Australia will reduce monthly account service fee from US$5.6 to US$4 per month. Additionally customers who deposit at least US$1610 per month into their account will have their monthly account service fee waived.

J&K Bank revs up momentum with ATMs

Still on cloud nine over posting its highest profit ever of US$86 million, the Jammu and Kasmhir Bank dedicated four ATMs to Rajouri.

Public Bank hopes to surpass 1 million mark for card business

Public Bank is banking on its new PB Day2Day Visa Card to push its total card numbers beyond 1 million.

HSBC, Bank of China are top HK market makers

The Hong Kong Monetary Authority placed the HSBC and the Bank of China at the top of new sets of league tables of market makers for bills and notes, respectively.

Philippines GIR for end-May at US$39 billion

The Philippines' gross international reserves as of end-May stood at US$39.319 billion, higher by US$3 million from the previous month’s level.

JBIC finances SMEs through RHB

JBIC has extended a two-step Untied US$100 million loan aimed at providing finance to SMEs in Malaysia through RHB Bank.

GE Money sold to BDO

Banco De Oro Unibank, Inc. and GE Capital have agreed to transfer GE Money Bank in the Philippines to BDO.

BDO Leasing still Philippines’ industry leader

BDO Leasing’s total revenues in 2008 climbed 10.18 percent to US$28.9 million to maintain its leadership in the Philippine financing industry.

ICICI clients can now transact through mobile phones

ICICI Bank will facilitate mobile phone-based services to all ICICI Bank Debit and Credit Card customers. These will be done through electronic cards issued to the customers with mChek application on their mobile phone.

The blind to enjoy ATM convenience in Hong Kong

Eighty-two ATMs with protruding symbols will be available to the blind in Hong Kong on a pilot basis.

Hedge funds ready to short the Aussie banks again

Regulators have lifted the ban on short selling bank stocks in Australia, and not surprisingly the prices fell.

Hong Leong briefs clients on FGI scheme

Hong Leong Bank conducted a presentation cum briefing in support of the Financial Guarantee Insurance Scheme of the Malaysian government. The presentation, entitled "Seizing Funding Opportunities During Challenging Times," was held for their valued corporate clients and was the first of its kind among banks.

Only two of India's 19 nationalised banks are sufficiently capitalised

So the newly returned government is asking the World Bank for $3 billion to recapitalise 17 banks with tier 1 rations of under 14 percent.

Moody's assesses Thai banks' resilience to crisis

Moody's will determine the appropriate systemic support for Thailand's bank ratings and the implications for 11 banks identified as being potentially affected.

Public Bank provides automatic transfer from parents' account

Public Bank's new account encourages children to save through automatic transfer of monthly allowances from the parents’ account to their account. Called the PB Bright Star savings account, it is meant to inculcate the savings habit among the young.