Retail Banking
Think tank laments South Korea’s uncompetitive financial industry
Think tank laments South Korea’s uncompetitive financial industry
Industry urged to revamp governance and put determined effort on overseas expansion.
ICICI keen on foreign currency bonds
The bank is exploring fund-raising opportunities in currencies like the Swiss franc and the Japanese yen.
China punishes state banks for over-lending
China's central bank just took 20 billion yuan or $3 billion out of state-owned banks by forcing them to purchase packages of central bank bills.
Bank of China intensifies cooperation with Taiwan-based banks
Bank of China and Taiwan-based Hua Nan Bank and Chang Hwa Bank entered into the comprehensive business cooperation agreements.
ICBC posts over RMB100 B after-tax profit in H1
ICBC announced after-tax profit in the first half of 2011 of RMB 109.6 billion, up 29% year-on-year.
HSBC is world’s most valuable bank brand
But banks in the top 100 brands have lost $25.9b from their total brand value since January 2011.
HSBC appoints David May as head of equity research in Asia Pac
Chris Georgs was also appointed as global head of equity research.
Bank of Nova Scotia seeks Asian acquisitions
The lender shifts its eyes on Asia as economic growth in Latin America falls short from expected.
StanChart India attributes its IDRs’ performance to ‘impurities’
Though the IDR issue fell below expectations, it worked out perfectly well for the bank.
Hong Leong Bank names Sanjay Uppal as chief financial officer
Uppal previously worked in StanChart as the CFO in its Taiwan, the Philippines and the UAE offices.
HDFC Bank unveils new personal loan product
‘Swift’ enables the lender to cut loan processing to 24 hours.
ICICI Bank plans hiring 6,000 people
The lender adds branches as its business grew 20%.
Maybank to expand in Laos
Malayan Banking Bhd (Maybank) has applied for a banking license in Laos, said President & Chief Executive Officer Datuk Seri Abdul Wahid Omar.
VietinBank nets VD3.538T in stake sale to IFC
VietinBank successfully offered over 168.5 million shares priced at 21,000 dong each for IFC, posting a net earning of over 3.538 trillion dong.
LBC Bank placed under receivership
LBC Development Bank has been placed under receivership of the Philippine Deposit Insurance Corp.
Mark McCombe resigns as Hang Seng Bank director
Mr McCombe's resignation as non-executive director was effective from September 9.
Reserve Bank of India to hike policy rates on September 16
The RBI will likely pause after a final 25bp hike in policy rates on September 16 and cut 75bp from April onward.
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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. Barclays integrates Ant Int’l model to FX hedging platformResource Center
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The Asian connection: China's path to sustainable growth