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Wing Lung Bank chalks up corp banking growth
Hong Kong’s Wing Lung Bank said its corporate banking division expects to grow corporate loans 30 percent this year.
Wing Lung Bank chalks up corp banking growth
Hong Kong’s Wing Lung Bank said its corporate banking division expects to grow corporate loans 30 percent this year.
BNP Paribas gets Hong Kong custodian licence
The Hong Kong branch of BNP Paribas Securities Services has been granted a banking licence by the Hong Kong Monetary Authority. Bruno Campenon, Head of BNP Paribas Securities Services, described their new business plan as "the development of a unique custodian bank in the Hong Kong market."
HSBC Amanah Malaysia expands in Shah Alam
HSBC Amanah Malaysia has expanded branches within six months with the opening of its Shah Alam branch.
Free Ferrari’s for NAB’s $20 million plus clients
Australia's NAB is hoping its wealthiest customers will avoid those Swiss bankers and instead take up its family office offerings including cars and gifts.
Metrobank named Asia’s most trustworthy
Metrobank topped Bank Category of the Reader’s Digest Trusted Brands award based on an Asia-wide survey by Nielsen Research.
HSBC wants fresh Vietnamese dong holders as clients
HSBC intends to penetrate Vietnam's promising personal banking segment where less than 10 percent have a bank account. Thus it will soon double its reach in Vietnam by opening three more outlets in Ho Chi Minh City.
Oops, they cut the dividend
Indonesia’s Bank Rakyat says it will cut dividends 35 percent as it faces government pressure to crank out loans with loan growth expected at 22 percent.
Aussie banks square off over job exports
Whilst the National Australia Bank is accused of looking at offshoring 628 jobs, Westpac chief Gail Kelly says she will not send jobs overseas while the economy remains tough.
Will Temasek take another bite at the Chinese Banks?
Once bitten perhaps not so twice shy. Temasek and a Goldman Sachs fund are reportedly looking at buying Bank of America’s $8.5 billion stake in Construction Bank of China.
DBS not the only bank pulling out of HDFC
It may not have made any money on the sale of its 2.7 percent stake in HDFC for $263 million, but it wasn’t alone heading for the exit door.
HK Banks get green light for mainland “sub-branches”
HK Bankers will be scrambling all over smaller towns in China now that they are approved to open an unlimited number of sub-branches in China from October 1.
Chinese Banks make "crazy" loans to prop up China Eastern Airlines
Crazy Chinese bank lending continues apace with news that three of China’s government-controlled banks have just lent over US$6 billion to an airline that lost $2 billion last year.
Moody's sees risks in Sumitomo acquisitions
Moody's Investors Service has placed on review for possible downgrade various ratings of Sumitomo Mitsui Banking Corporation.
StanChart eyes acquisition of RBS’ Asian assets
StanChart’s South East Asia CEO says the bank will want to "take a look at RBS" but says deal a long way off.
Aussie banks won’t follow Commbank’s pay cuts
Sorry mates, but ANZ and NAB won’t be following the Commonwealth Bank which announced its CEO Ralph Norris will take a 10 percent pay cut whilst ordering his top ten execs to take a 5 percent pay cut.
ANZ now has key Chinese areas covered
ANZ branches are now in the north, centre, and south of mainland China after the China Banking Regulatory Commission allowed it to open a branch in Guangzhou.
Shariah compliance observed for new dollar product
The Islamic Bank of Asia launched its first Shariah-compliant liquidity product, which acts like a fixed deposit but is, of course, Sharia-compliant.
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