Retail Banking
DBS' Rajan Raju quits consumer banking head post
DBS' Rajan Raju quits consumer banking head post
Raju transfers to Deutsche Asset after recent high-level hirings and 13.6% decline in lender's consumer banking.
China listed banks combined profit up 46%
ICBC leads banks with biggest profit for the first half at $12.42bln as lending boom reaped profits.
GRG Banking wins 1000 ATM units order from Middle East
GRG Banking Equipment Co.,Ltd.’s new subsidiary, GRG Banking Equipment(HK) Co.,Ltd., secured an order to supply 1,000 units of automated teller...
HSBC launches integrated banking account for SMEs
Product provides 33% discount on standard tariffs for selected trade services and 10% for telegraphic transfers.
Growth of ICBC, BOC seen to slow down
Lenders have peaked after ICBC and BOC second quarter profit up 38% and 15% respectively.
ICBC, BOC profits may reflect China banking industry’s strength
Estimated more than 29% profit increase of both banks seen to improve confidence in China’s lenders.
ANZ to study KEB for takeover bid
Analysts believe KEB shares to improve as ANZ becomes keen on carrying over the acquisition.
Mandiri is now the majority stakeholder of AXA
51% of AXA Mandiri is now lender's subsidiary after buying additional 2 shares from NMI.
Hong Kong gains edge in private banking
Proximity to business owners and those with strong business network in China has given Hong Kong advantage at the mass affuent priority banking level...
Central Huijin to inject $13bln into 2 firms
China's central bank approves Central Huijin to fund ExIm Bank and Sinosure by selling bonds.
Indonesian banks fatten cash supply as festivities near
Branches allot additional cash for ATMs as Idul Fitri celebrations approach.
Regulator tightens Korean banks' internal control system checks
Frequent financial troubles plaguing lenders prompted FSS to form check list of incidents and inspect firms.
Lone Star halts $4bln KEB stake divestment
Paper reported Lone Star decided to suspend sale because of huge price gap with potential buyers.
Regulator approves ICBC's Shanghai convertible bond sale
Lender also planned a $6.6bln rights issue aside from its $3.7bln bond sale.
StanChart to beef up services for affluent Asians
Lender to employ 800 staff to woo customers from 18mln rich Asians with $100,000 to invest.
ANZ targets $3.8bln Korea Exchange Bank stake
ANZ wants to acquire 57.27% while MBK is still trying to bid for 51% of KEB.
KB Financial to shift focus to marketing
88 percent of the back office staff at Kookmin Bank to be reassigned to marketing tasks.
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