In Focus
HSBC developing tailor-made financial services
HSBC developing tailor-made financial services
Targets are Chinese companies planning overseas ventures in Europe.
Bank’s access to SDAs curbed by Philippine government
Total cuts now more than 200 basis points since July 2012.
Fitch affirms ratings of four top Philippine banks
Gives them a stable rating.
Japanese megabanks predict lower profits this year
Says monetary easing made loans less profitable.
Chinese banks should do more online business
Ernst & Young also recommends they develop their intermediary business.
BOC Hong Kong backs SME financing
Launches privileged guarantee fee subsidy.
Philippine banking system deposits rise 10.7%
Government says it highlights ability of banks to provide credit to the economy.
China pledges to forge ahead with banking reform
Also promises increased flexibility in managing exchange and interest rates.
China’s shadow banking sector now valued at over U$5.8t
It's 69% of China's GDP.
BOC cuts business ties with North Korean bank
Foreign Trade Bank accused of funding North Korea’s missile and nuclear programs.
ICBC Thai focusing on retail market
Wants retail to account for 50% of total income by 2016.
Bad loans up, asset quality down for big Chinese banks
Fourteen of 16 banks report rise in bad loans.
Westpac reports record first-half profit
First half profit to March 31 hits $3.3 billion.
Indian banks’ retail credit rises 14.5%
Economic slowdown forces banks to push retail loans.
Weak deposit growth hammers China’s banks
Loans exceed deposits at a faster pace.
India to deposit government cash in commercial banks
Move will add liquidity and make it easier for banks to cut lending rates.
Yudhoyono calls for quick end to Bank Danamon takeover
Move suggests possible political intervention in the high-profile takeover.
Commentary
Why high capital levels are a double-edged sword for Singapore banks