News

HSBC launches online US Stock Trading Services

HSBC launches online US Stock Trading Services

Service available online, over the phone and via iPhone with flat $18 per transaction brokerage fee.

StanChart keen on Taiwan operations

Reinforces corporate, home lending, and wealth management operations as profit in first seven months reaches US$98.6mln.

Mandiri selects six global banks for rights issue

Indonesian lender to choose two international selling agents to underwrite $1.5bln rights issue.

OCBC to kickstart 'Go China' campaign

Customers could fulfill investment with package offering new range of financial solutions with exclusive China focus.

Hong Kong RTGS incorporates real-time features to SwiftNet

Move enhances lenders' interoperability by using uniform standard to process domestic and international payment.

National Australia junks bid for Axa Asia

Regulator's blocking of NAB-AXA deal paved way for AMP offer as insurer remains strategically attractive.

Asia-Pacific banks suffering from decreasing customer loyalty

63% of survey respondents have more than one product outside their main bank.

SBI wants increase in public sector bankers' salaries

Echoes RBI's comment that PSBs might lose talent to private sector lenders behind  poor compensation packages.

Mandiri may increase rates on central bank's policies

Mulls increasing lending rates to 15 basis points after August inflation figures reached a 16-month high.

Hong Leong Finance unveils first SME Center @ Branches

Company opens first full-service one-stop financial soutions centre at its City Square Mall Branch.

Bank of Communications pursues to double profits

Lender to concentrate on low capital and high incomes operations to achieve goal.

HSBC Life ventures into bancassurance in China

Policies that are sold through HSBC and other banks amounted to $12.6mln and exceeded targets.

China Life targets control over China Minsheng

Insurer’s chairman said it will strengthen non-insurance core businesses, including assets management, banking, securities, and trusts.

Korea’s NPS mulls buying stake in Woori Finance

$258bln pension fund may join Hana Financial to make a bid or venture its own investment.

Mizuho plans stake acquisition in Asian banks

Lender willing to invest $1.2bln in M&A as it joins rivals in shifting resources abroad.

Siam Commercial pushes SME forex hedging

Lender attempts to teach SME customers and offer promotional campaigns to hedge against financial risk.

DBS issues $1bln 5-year bonds

Sale intended to raise funds to ease high US dollar loan-to-deposit ratio and improve financial standing.