Retail Banking
Hong Kong banks suffer from liquidity and credit quality risks
Hong Kong banks suffer from liquidity and credit quality risks
The banks were somewhat reliant on strong loan growth but though loans for domestic use have grown, almost 25% of the total loan book is now for use...
Citigroup faces another major whammy in Japan
Will the group's investment trusts cause its third major punishment in Japan in 7 years?
Chinese banks' profits surged 34.5% to RMB 899.09b in 2010
Total assets also increased by 19.9% to a whopping RMB 95.3 trillion as of end-2010.
CIMB Group acquires 70% of SICCO Securities Public Company in Thailand
The total cash consideration was THB767,907,519.20 or approximately RM78,426,395.
People's Bank of China a 'beacon of stability', says analyst
The recent PBoC fixes may have played a role in stalling the powerful bid for USD-AXJ amid liquidation dynamics in emerging markets.
Bank Rakyat expects profits to reach RM2 B
Bank Rakyat expects its profit before tax and zakat to reach RM2 billion for its current financial year ending Dec 31, 2011.
Rough times ahead in Australia banking system
Yet Prime Minister Julia Gillard stressed local banks have only marginal exposure to the euro-zone woes.
Vietinbank gains VND4.4T profit before tax in Jan-Aug
VietinBank-CTG gained 87% of the year's profit plan based on its recently released report on performance for the first eight months of this year.
Saigon Bank allowed to hike chartered capital to VND3.5T
The State Bank of Vietnam’s governor Nguyen Van Binh approved Saigon Bank's application to scale up its chartered capital in 2011.
AmBank Group to introduce ANZ's Signature Priority Banking
AmBank Group and ANZ have signed an MoU to introduce ANZ's Signature Priority Banking service to AmBank and AmIslamic Bank's affluent retail banking...
Bank Islam targets 100,000 depositors for junior account
Bank Islam Malaysia Bhd expects to attract 100,000 depositors and deposits of RM50 million within the first year of the launch of Al-Awfar Junior...
UBS names Edmund Koh as CEO Singapore wealth management unit
Koh has twenty years experience in financial services including reorganision of Ta Chong Bank.
Maybank expects revenue to fall in 2011
The slump in performance of key economies around the world seen to drag down lender’s profits.
DBS launches new savings plan for US and Australian dollars
Customers may get a rate of 1.68% for the US dollar plan and 6% for the Australian dollar.
Maybank and YES BANK establish ties
The alliance seen to step up trade and investment between India and South East Asia.
China's Big Four see huge outflows
Sources suspected that a large chunk of the $65.75bn deposits have flowed to the high-yielding private lending markets.
China seen to lift suspension of city banks’ expansion
The regulator to assess lenders' interregional expansion after more than 30 of them have expanded beyond their home provinces.
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1. OCBC starts AI stock adviser using data on 4,000 stocks 2. UOB reports flat net profit growth in Q1 despite record fee income 3. J.P. Morgan unveils automated cross-currency payment collection and settling service 4. Sea rebrands digital finance business SeaMoney to Monee 5. DBS’ net profit fell 2% to S$2.9b in Q1 2025 on higher tax expenses.Resource Center
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Productive sectors need more capital to stimulate the slowing economy.
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The Asian connection: China's path to sustainable growth