News
HSBC eyes $3.5bn total savings
The lender scales down target in retail banking and wealth management after disappointing quarterly earnings.
HSBC eyes $3.5bn total savings
The lender scales down target in retail banking and wealth management after disappointing quarterly earnings.
Hong Leong Bank to expand domestic footing
With acquisition of EONCap, the lender has greater distribution channels with additional 300 branches nationwide.
Julius Baer targets entry in India private banking
The Swiss lender is serious in its expansion in the country despite being a crowded market in serving millionaires.
BIMB receives notification on Bank Muamalat stake
BIMB Holdings Bhd has confirmed receiving notification from Khazanah Nasional Bhd and DRB-Hicom Bhd on the sale of their stake in Bank Muamalat Malaysia Bhd to the company.
Aozora Bank quadruples group net profit
Aozora Bank achieved an annual consolidated business profit of 37bn yen, up 10.5% or 3.5bn yen year-on-year.
Namvietbank quadruples Q1 rise in profit
With over 60 billion dong profit in the first quarter of this year, Namvietbank-NVB fulfilled 22 per cent of the year's plan.
Techcombank to jointly provide service with Wells Fargo Bank
Techcombank and Wells Fargo Bank signed an MoU to jointly provide banking and financial services for corporate customers of each other in Vietnam and the US.
EFTEX pitches in to aid China UnionPay card's Aussie expansion
The launch of the agreement will enable acceptance of China UnionPay cards at EFTEX connected ATMs in Australia.
KDIC set to sell 7 ailing savings banks
Korea Deposit Insurance Corp. plans to begin the bidding process for seven suspended savings banks this week as part of efforts to restructure the embattled savings banking sector.
KEB Q1 earnings down 46.4%
Korea Exchange Bank's first-quarter earnings plunged 46.4 percent from a year earlier due to one-off costs and increased loan-loss reserves.
Moody's upgrades EON Bank
Moody's upgraded EON Bank Bhd's foreign currency long-term/short-term deposit ratings to A3/P-1 from Baa2/P-3.
Bank of China taps Cambodian market
Bank of China started operating its Phnom Penh Branch, making it the first lender from China in Cambodia. It also became the Kingdom's 30th commercial bank.
VietinBank intensifies team up with Italy’s largest bank
VietinBank signed a deal for increased cooperation with UniCredit S.p.A., the biggest bank in Italy.
Vietcombank joins Italian group in supporting corporate clients
Italian banking group Intesa Sanpaolo and Vietcombank have signed a mutual agreement aimed at supporting corporate clients in developing internationalization plans in Vietnam and Italy.
Hong Leong-EON merger produces Malaysia's fourth largest
Hong Leong Bank Bhd has acquired EON Capital Bhd's assets and liabilities for RM5.06 billion.
KDB’s IPO may be deferred after 2011
Delay may cause serious blow to South Korea’s privatisation efforts as the fundraising strategy could provide bumper profits to the government.
OCBC Malaysia inaugurates estate planning insurance product
Premier Heritage policyholders to earn minimum interest of 2.5% per annum upon maturity when the bearer reached hundred years old.
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The Bank of Thailand is eyeing to expand connectivity with more countries.
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