In Focus

StanChart expects doubled profit for wholesale banking division

Targets US$10 billion in profits over the next four years.

Chinese bank lending hits US$99.6 billion in February

Total lending for the month stood at US$172 billion.

Chinese banks taking on intolerable risks

Financial reforms needed to reduce excessive risks concentrated in banking sector.

China to continue currency and banking reforms

Might also relax tight capital controls this year.

Philippine banks to sustain credit growth of 10-12% in 2013

The system’s ratio of credit to GDP is low at about 30%.

Japan asks India to relax tough banking rules

Formal Japanese request asks greater financial inclusion for Japanese banks.

China gets tougher on shadow banking

New rules intend to slow explosive growth of the gray market.

Mizuho hunts for assets in the USA

Japan's second-largest bank intends to acquire a US commercial bank in the next three years,

RBS to fire employees at Indian unit

Layoffs part of the bank’s plan to wind down its retail and commercial operations in India.

Bank lending to local government financing vehicles curbed

China urges local governments to abide by the rules to avert more bad loans.

BDO and BPI to be hit the hardest by policy reform in reserves on trust

Foregone trust income could range from a low of PHP20m to as high as PHP440m.

Nomura predicts slower profit growth for Philippine banks

Investors are urged to cut their holdings in Philippine banks.

India hopes for a stronger banking sector

China’s big banks benefit from the smallness of Indian banks.