News

BEA reports its lowest cost-to-income ratio since 2007

It fell 530bp sequentially to 54.2% in 1H13.

RBI thumbs down request for exemptions

All new banking license applicants must comply with all norms.

Here's what to expect after DBS quits Danamon deal

DBS Indonesia plans setting up a local data centre.

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.