News

HSBC's Asian operations expand as it fired 1,700 employees in Britain due to stale European economy.

Westpac head still optimistic on bank's performance next year as economic conditions improve.

Selling of shares aimed to raise funds to maintain bank's 12 percent capital adequacy ratio.

Morgan Stanley's possible $1 billion deal will remove hindrance in expanding its presence in mainland China.

Cost-cutting scheme of two banks has been proven effective in reducing bad loans.

Chinese commercial banks will increase investment in life insurers in view of the strong growth potential in the Chinese insurance sector.

Global economic recovery and opening up of some countries for Islamic banking spur StanChart Saadiq’s expansion.

Maybank limits its collaboration with Bank Asya on trading and products but not in buying stakes.

Mandiri still managed to enjoy 0.29 percent increase in NPL ratio despite having $313-million non-performing loans.

Skyrocketing lending margins push banks to get closer with their customers through rebranding.

Reserve Bank of India's Q2 review prompts two India banks to defer 8 percent promo loans.

HSBC wants to capitalise on the growth of investments in China, India and Malaysia.

What you do on your own time is, well, apparently the bank's business these days, with DBS Bank publicly rebuking an employee for being elected president of woman's advocacy group AWARE and calling for less focus on lesbian issues.

According to Reuters, Woori Finance is currently 73 percent owned by the South Korean government.

LIC has set up a team looking into Islamic products. However, a Reserve Bank of India study has recently concluded that Islamic banking may not be feasible in the current regulatory framework in the country.

According to Top News, The move is a clear indication of increased optimism among executives, who are looking at terminating the business.