News
DBS not the only bank pulling out of HDFC
It may not have made any money on the sale of its 2.7 percent stake in HDFC for $263 million, but it wasn’t alone heading for the exit door.
DBS not the only bank pulling out of HDFC
It may not have made any money on the sale of its 2.7 percent stake in HDFC for $263 million, but it wasn’t alone heading for the exit door.
HK Banks get green light for mainland “sub-branches”
HK Bankers will be scrambling all over smaller towns in China now that they are approved to open an unlimited number of sub-branches in China from October 1.
Chinese Banks make "crazy" loans to prop up China Eastern Airlines
Crazy Chinese bank lending continues apace with news that three of China’s government-controlled banks have just lent over US$6 billion to an airline that lost $2 billion last year.
Moody's sees risks in Sumitomo acquisitions
Moody's Investors Service has placed on review for possible downgrade various ratings of Sumitomo Mitsui Banking Corporation.
StanChart eyes acquisition of RBS’ Asian assets
StanChart’s South East Asia CEO says the bank will want to "take a look at RBS" but says deal a long way off.
Aussie banks won’t follow Commbank’s pay cuts
Sorry mates, but ANZ and NAB won’t be following the Commonwealth Bank which announced its CEO Ralph Norris will take a 10 percent pay cut whilst ordering his top ten execs to take a 5 percent pay cut.
ANZ now has key Chinese areas covered
ANZ branches are now in the north, centre, and south of mainland China after the China Banking Regulatory Commission allowed it to open a branch in Guangzhou.
Shariah compliance observed for new dollar product
The Islamic Bank of Asia launched its first Shariah-compliant liquidity product, which acts like a fixed deposit but is, of course, Sharia-compliant.
HLB opens 14th priority banking centre in KL
Communities around Petaling Street are getting richer, and Hong Leong Bank intends to corner this market.
Malaysian bank employees sell client data at $1/name
Seriously. And for a bit more you can buy names, credit card details and even handphone numbers of senior business people, all stolen by bank employees and sold on the black market.
Indon banks post profit gains as debt provisions grow
Bank Mandiri and Bank Central Asia both showed profit gains over the first quarter, but Bank Negara Indonesia was the standout with a 315 percent increase in profit to US$59 million.
Maybank completes record-breaking rights issue
Maybank became one of the best capitalised banks in Asia following the successful completion of its rights issue exercise on shares of Bursa Malaysia.
Guess which bank is hiring 1300 people next year?
Sorry folks, but it's not the trading floor at Goldman Sachs. It is good news for India where the State Bank is looking to recruit 1300 staff next year as it grows to a $25 billion company.
China's big banks risk 90's loan debacle repeat: Fitch
Massive government-directed lending by China's top banks to roads and railroads risk repeating credit mistakes of 90's which cost $650 billion to clean up, warns Fitch.
Aussie bandits keep blowing up ATMs in gas attacks
Aussie ATM gas attacks up this year with six in the last three months alone as bandits find empty streets and cash-filled machines an easy target.
Korean banks shut branches to the poor
If you are Korean and broke, go elsewhere is the message, as Kookmin and Shinhan close 164 regular branches in favour of bigger “wealth centres” catering to upmarket clients.
Malaysia to overtake Singapore in foreign bank race
Malaysia is set to overtake Singapore with the granting of an additional five licences to foreign banks by 2012 bringing the total to 18 compared to Singapore’s six Qualifying Full Banks.
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