Retail Banking

China Citic Bank reports 33% jump in net profits

This due to higher net interest income, fees and commissions.

Wenzhou to pilot local privately owned banks

Trials need more policy support, however.

Philippines’ Metrobank plans to raise US$464 million

Will tap the market for negotiable long-term deposit instruments.

Citi launches automated cross-border sweeping in Korea

Hyundai Glovis among the first beneficiaries.

Korean banks making the most of Basel III window

Cheaper regulatory capital has been raised.