News

China removes cap on life insurance interest rate

Strengthens market-oriented reforms in its financial system.

BMB seeks full control over Bank Islam Malaysia

Seeks 49% stake in oldest Malaysian Islamic bank.

Singapore sovereign wealth fund ready to invest more

GIC is the world's fourth largest sovereign wealth fund.

China launches campaign against misleading financial ads

Aimed specifically against wealth management products.

Mizuho net profit jumps 35%

Boosted by a rally in Japanese stocks.

SMFG doubles Q1 profit to US$2.9 billion

Equity investments and brokerage unit profit drive growth.

MUFJ reports 40% profit surge

Buoyed by strong performance in its fee-related business.

ICICI Bank makes US$376.7 million net profit

Non-performing loans increase, however.