News

ANZ pins high hopes on first Chinese rural bank

The inauguration of ANZ's first rural branch in China aims to cement its position of being Australia's highest earning bank from its Asian operations.

ANZ pins high hopes on first Chinese rural bank

The inauguration of ANZ's first rural branch in China aims to cement its position of being Australia's highest earning bank from its Asian operations.

Indian banks go for Granny market

Roughly about 80 million seniors in India are being persuaded by banks to avail of customised products.

HSBC RMB trade leads to RMB bond purchase

A Hong Kong businessman bought RMB-denominated bonds out of the renminbi equivalent of US$2.19 million he received via the renminbi trade.

Deutche wins Chinese banks for payments platform

The Agricultural Bank of China, China Merchants Bank and China Minsheng Banking Corp will use Deutsche Bank’s payment technology.

Two Chinese banks compete for consumer credit operation in Shanghai

Backed by the central government, the winner between Bank of China and the Bank of Shanghai will offer loans at cheaper rates aimed to boost economy.

Keating slams govt for giving banks too much power

Government should exercise its regulatory role more strictly, said former Prime Minister Paul Keating.

Sansiri, SCB tie up to launch credit card

The two companies target to sell 50,000 of Thailand's first housing credit card in the first year of its release.

China rolls over $36 billion bonds issued to CCB

Chinese government extends maturity of bail-out bonds for another ten years after CCB announced inability to repay loans.

Temasek says portfolio improving

CEO Ho Ching said company’s early move reaps 32 percent growth in investment.

BPI Family Savings launches new service to SMEs

BPI Family Savings senior executive Mercedes Roces said the bank now offers comprehensive cash management package to SMEs.

CMB sees holdings of foreigners shrinking

Foreign banks cut investments in CMB since August 2009, with JP Morgan Chase & Co., UBS and Barclays Bank among the said investors.

Talks on PBCom sale in “advanced stages”

PDIC head told the media of bank’s possible acquisition by investors.

SocGen sees India as catalyst for growth

In the next two to five years, SocGen is set to add services to existing locations in India and to acquire 37 percent stake in SBI Funds Management.

PNB eyes stake in Metrokombank

Part of PNB's expansion overseas includes tapping Kazakhastan market.

BOCHK, BCA sign agreement

BOCHK expands business of its RMB services by tapping Indonesian bank BCA.

SBI, State Bank of Indore tie-up asked for clarifications

Concerns prompted Indian government to look for details of the merger.

ICICI Bank to divert assets into JV

ICICI enters a US$80 million joint venture deal with First Data.