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Job cuts and outsourcing in Westpac loom
Job cuts and outsourcing in Westpac loom
The move will likely boost the lender’s productivity and reduce cost as it expect slow growth period to extend.
Banks in Southeast Asia gears up for integration
Bank Indonesia and Bank Negara Malaysia lead ASEAN banking integration by 2020.
State Bank of India has $354mn direct exposure to EU market
Yet the state-run lender stressed that it has no exposure to the region’s sovereign bonds.
MBK Partners faces two rivals in bidding for Woori
Goldman Sachs and Canada Pension Plan joined MBK in its attempt to seal South Korea’s biggest banking privatization deal.
Indonesia central bank: Curbing foreign investment not our intention
Bank Indonesia’s bank ownership limit aimed to foster good governance in banking after fraud cases surfaced.
Indonesia bank loans soar by 58%
Growing demand from companies and low borrowing costs in Indonesia boosted loan growth.
Maybank offers $671.7mn subordinated notes
The notes were given a long term rating of AA1 by RAM Rating Services.
Minsheng Banking first half profits up 57%
Rising incomes from loans and fees pushed China Minsheng Bank's first-half profits up by surged 56.98 percent.
Bank of America finds difficulty in divesting CCB stake
Once valued at $20bn, the BofA stake is now seen to be worth several billion dollars less.
Fubon spots overseas investment opportunities
Despite weakening credit profile, the company to direct more funds into foreign investments with fixed incomes.
Indonesia central bank bans M&As in domestic lenders
The country’s banking industry has been thrown into confusion since Bank Indonesia mulls new limits on bank ownership.
Central Bank of India and Chola MS General Insurance join forces
The bancassurance tie-up will offer simple and technology-enabled customized products.
Phillipines central bank: Lenders still stable amidst uncertainty
The BSP attributes low incidence of problem loans to the adoption of prudent lending standards.
Bank of Baroda targets Africa expansion
The lender’s senior executives believe that the global economic crises could be favourable to the Indian banks operating overseas.
State Bank of India launches self-service kiosk
The kiosk will further enhance customer convenience and self dependence by offering various services without the intervention of bank employees.
IFC seeks new investor in Bank of Shanghai
IFC already sold its 7% stake in the lender while HSBC plans to divest its 8% stake.
Indian Overseas Bank to raise Rs 3500 crore for 3-year expansion
Indian Overseas Bank will be raising up to Rs 3,500 crore in core tier-I capital over the next three years to fund expansion.
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Built to last: How Japan is approaching the cross-border payments challenge
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance