Retail Banking
Commonwealth Bank CEO Ralph Norris to retire in November
Commonwealth Bank CEO Ralph Norris to retire in November
The lender recorded maximum profit amidst turbulent times under Norris’ leadership.
Military Bank gets Deloitte's managerial expertise
The Military Bank signed a strategic contract with Deloitte Viet Nam for support in corporate governance and minimise business risks.
Narev appointed CEO of Commonwealth Bank of Australia
Commonwealth Bank of Australia chairman David Turner appointed Ian Narev as new CEDO to replace Ralph Norris who will retire in November.
Taiwan Cooperative Bank and BoComm ink pact
TCB and BoComm to work hand-in-hand to provide banking services as the former sets its sight on the Chinese banking market.
Hana Financial second quarter profit up 27.3%
Yet its sales dipped 28.4% as the bank’s net income soared by 141.6% to $457.7mn.
Bank of China no plans to raise funds in 2011
The lender opted to not to raise capital despite regulator’s imposition of tougher requirements.
Woori’s privatization hits snag anew
National Pension Service’s unwillingness to participate in Woori stake purchase sale raised difficulty for three bidders to secure $6bn capital.
United Overseas Bank to beef up private banking unit
The lender seeks to add its private bankers to 200 by 2016 from more than 40 at present to tap Singapore’s growing ultra-rich population.
StanChart to retain stake in AgBank
The lender’s CEO expressed satisfaction in its collaboration with the Chinese lender amidst speculation that foreign stakeholders may divest stakes...
UCO Bank targets issuing dollar bonds overseas
The public sector bank eyes using Reg S bond in its first offshore bond offering.
South Korea top banks tap insurance market
Sagging profits the nation’s top 4 prompted them to hire more employees to boost insurance business.
Fast CBA deals helps boost our growth—BPI
Industrial peace make the lender rake in more profits amid fierce competition in the industry.
M&A speculations still circulating around Malaysia’s banking sector
Hwang DBS Vickers Research said there is still room for Malaysian banks to consolidate after speculations that Alliance Financial’s major...
Maybank advances Islamic banking development through collaborations
Malaysia's Maybank Islamic and Indonesia's Bank Syariah Mandiri will establish cross border collaboration in all Islamic treasury and trade finance...
China Merchants Bank to launch $5.4bn rights issue
The lender to issue up to 2.2 shares for every 10 existing shares to comply with stricter capital requirement in China.
Maybank keen on Thai expansion
Maybank hopes to operate a bank in Thailand, said its president/CEO, Datuk Seri Abdul Wahid Omar.
United Overseas Bank Thai helps SMEs expand in Southeast Asia
With Thai government’s backing the lender will tap its regional network to bolster SMEs’ expansion.
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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