In Focus

China’s banks post weakest results in years

Due to interest rate liberalization and weak economy.

ICBC and Bank of China report improved profits in Q2

Big Four banks boosted by sharp spike in fees.

Assets of Chinese banks hit US$22.9 trillion in July

Liabilities rose 14% to US$21.4 trillion, however.

NFC gaining traction with more Chinese banks

Leverages advantages of smartphones in financial transactions.

Philippines issues cloud computing rules for banks

Becomes second Asian after Singapore country to do so.

Maybank to expand more aggressively in Southeast Asia

Will also boost share of overseas business in revenues.

Is consolidation of Japanese regional banks underway?

Regional banks face tougher business environment, however.

India could announce women’s bank next week

Will coincide with Independence Day on August 15.