News
Westpac prepares to axe more jobs
Westpac prepares to axe more jobs
Westpac employees are bracing for a second wave of job losses as the bank seeks to curb costs.
India's ICICI gets $300M loan deal with Japanese banks
JBIC will provide $180 million, while SMBC and Bank of Tokyo-Mitsubishi UFJ are funding $120 million to ICICI Bank.
Banks lead record Philippine Stock Exchange surge
A strong rally yesterday led by banks pushed the Philippine Stock Exchange Index to a record 4822.08 points, up by 2.3%.
Research group sees bumps ahead for Public Bank
Alliance Research House stated that there could be factors that could dampen the outlook for Public Bank.
Japan’s second largest lender posts jaw dropping loss
Mizuho Financial Group took an 80% drop in profit during 4Q11 on a tax asset write-down and weaker stock markets.
Agribank begins massive restructuring
Vietnam’s largest bank is about to shed non-essential operations as it moves towards becoming a completely commercial bank.
Agribank to restructure, revert focus to agri, rural devt
Vietnam may approve the plan to restructure Agribank this February, wherein it reverts its focus to agriculture and rural development.
The Philippines’ 2nd largest bank is expanding
Adding 50 more branches will bring the branch network of Metropolitan Bank and Trust Company (Metrobank) to over 800, the largest in the Philippines.
Mizuho's 9-month net profit down 35.8% to $3.6B
Mizuho Financial Group's net profit in the April-December 2011 period went down by 35.8 percent to US$3.6 billion.
Tight Malaysian lending rules affecting car sales, Perodua
Compact car manufacturer Perodua has asked Bank Negara Malaysia to ease up on tight loan conditions for hire purchase of cars.
Union Bank of the Philippines posts cheery results
Another cash-flush Philippine bank reports sterling bottom line results for 2011.
Bank Muamalat wants non-muslim customers for Islamic products
Bank Muamalat's hopes to enhance the market of its various Islamic banking products and services with non-Muslin customers .
RHB Singapore upbeat on growth amid glocal challenges
RHB Bank Singapore is confident of maintaining growth while expecting more active participation in debt issuance and funding corporate clientele.
Public Bank posts $1.52 B pre-tax profit for 2011
Public Bank reported a 12.8 per cent increase in pre-tax profit for the financial year ended Dec 31, 2011 with US$ 1.52 billion.
StanChart sees big opportunities in Chinese, Indian markets
Standard Chartered is encouraged by the policy outlook for India and China this year.
Philippines’ EastWest Bank in massive branch expansion
East West Banking Corporation is getting ambitious to the tune of P6.63 billion.
Indonesian govt to oversee micro financial institutions
The Indonesian government has welcomed the bill stipulating that it any activity to collect public fund should be under government's supervision.
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The trial, which will take effect on 1 July, is a step in the right direction.
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