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Commonwealth Bank resolves class action suit
The class action by retiree Elizabeth Saunders and 14 others settled on a confidential basis.
Commonwealth Bank resolves class action suit
The class action by retiree Elizabeth Saunders and 14 others settled on a confidential basis.
Assets under management soars 76% in leading Asia-Pacific banks
Citi surpasses UBS as the leading high net worth wealth manager in Asia-Pacific according to a Private Banker International report.
RHB and Credit Guarantee Corporation to enhance SME financing
The tie-up’s Enhancer Direct scheme to assist viable SMEs that are unable to secure financing due to insufficient collateral.
Mizuho acquires 15% stake in Vietcombank
Japan’s Mizuho Financial Group will acquire a 15 per cent stake in Vietcombank for $567 million in what is possibly Vietnam’s largest ever inbound acquisition.
Maybank Community Service Financial Revenue To Grow To RM12 Billion In 2015
Maybank expects its community financial services revenue to grow to RM12 billion in 2015, from the current RM6 billion.
Vietnam’s Agribank says bad debt level safe
Agribank said it faces no finacial problems even though it has a bad debt of 6.67 percent of its total loans.
UOB plans doubling cross-border business lending
The lender has set up a Foreign Direct Investment Advisory unit to drive the increase in business.
OSK-RHB merger to be among Malaysia’s top investment banks
Once completed, the merger will overtake CIMB Securities which is currently leading with a market share of 10.5%.
Maybank Islamic eyes steady contribution from asset financing to parent
27% of Maybank Group's total loan and advances come from its Islamic unit.
Bank Of East Asia issues US$3bn Medium Term Note programme
The programme is aimed to achieve greater flexibility and diversity in the lender’s asset and liability management.
34,000 customers file $48.5mn class action suit vs. ANZ
The lender joins 11 others which could face similar suits regarding overcharging of fees.
Agribank allays fears of additional capital raising
The lender sticks to its promise not to seek a rights offer to raise additional capital within two years from its IPO.
ICBC electronic banking reach turnover of over RMB100T in 1st half
ICBC electronic banking posted a turnover of over RMB 100 trillion during the first six months of this year, up 21.8% year-on-year. Of which, turnover of Personal Internet Banking and Mobile Banking rose 37.1% and 387%. ICBC keeps on top of the domestic league table.
ABC launches full fund centralization reform scheme
The new-generation asset and liability management system developed independently by Agricultural Bank of China Limited has been formally rolled out.
ICBC Registers Over RMB 400 Billion in Turnover from Cross-Border Renminbi Business in H1 2011
ICBC saw a strong growth trajectory in its RMB business, with a turnover in the first half of 2011 trebled last year's to RMB 406 billion, RMB 280.4 billion in cross-border RMB settlement, RMB 120.6 billion in trade finance.
ABC Strives to Build the Largest Financial Service Network in Tibet
The 209 outlets of Tibet Branch of Agricultural Bank of China Limited has been interconnected.
Nikko Asset Management and DBS Bank join forces
The merger poised to become Asia's largest regional asset manager.
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