Retail Banking
South Korean banks drop barriers in private banking market
South Korean banks drop barriers in private banking market
Woori, Shinhan, and Korea Exchange banks are lowering the barriers for their private banking services to win back potentially more affluent customers...
Minsheng Bank targets $4 bln sale after HK IPO
Improved banking conditions spurred Minsheng to offer 3.32 billion shares in its Hong Kong IPO.
StanChart India to employ 3,000 by 2010
The bank targets more than 20,000 employees for the bank’s expansion in the country.
Westpac gives ‘green’ loans
Westpac is set to release US$9,200 loans to Australian homeowners to install sustainable and eco-friendly energy facilities. The bank said Nov. 8...
Bank of Philippine Islands, World Bank advances in energy loan program
BPI aims to augment its lend to sustainable energy projects by another $106,000.
Korea Development Bank eyes acquiring banks overseas
Korea Development Bank seeks to buy overseas banks as fierce competition in local retail financing market hampers growth.
Hong Leong collaborates with China Development Bank
The tie-up enhances funding and knowledge exchange between the two banks.
Indian Banks anticipate rise in credit losses
Indian banks are likely to gain more than they lose from the latest step taken by the Reserve Bank of India to tighten provisioning norms.
Hong Leong strengthens platforms in China
Hong Leong and China Development Bank will collaborate in Malaysian and Chinese projects through a Cooperation Agreement.
CCB Asia renamed after acquiring AIG Finance HK
The deal beefs up China Construction Bank's customer base and services for small and medium enterprises.
No layoffs in Hong Kong vows HSBC
HSBC's Asian operations expand as it fired 1,700 employees in Britain due to stale European economy.
Group on Philippine banks: Focus on domestic market
Bankers Association of the Philippines advises banks to prioritise domestic operations and refrain from risky moves.
Westpac, St.George merger yields below expectations
Westpac head still optimistic on bank's performance next year as economic conditions improve.
Richard Hill appointed new CEO of StanChart South Korea
Standard Chartered's chief financial officer in South Korea will replace retiring chief executive next month.
India seeks legislation downsizing stake in State Bank
Selling of shares aimed to raise funds to maintain bank's 12 percent capital adequacy ratio.
Shinhan, Korea Exchange Bank Q3 profits soar
Cost-cutting scheme of two banks has been proven effective in reducing bad loans.
Moody’s: Chinese banks want life insurers
Chinese commercial banks will increase investment in life insurers in view of the strong growth potential in the Chinese insurance sector.
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1. UOB to take legal action against Yang Kee Logistics’ ex-CEO 2. OCBC to finance $10.9b of investments to UK growth sectors 3. Singapore’s financial sector turns to contract hiring for cost control 4. India’s credit card spend slumps 9% MoM to 7-month low 5. ANZ moves up incoming CEO Nuno Matos’ start date to May 12Resource Center
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