Wholesale Banking
Westpac profit up 30% to US$2.5bln
Lender posted above-expected net profit but cautious on Europe credit crisis’ effect on Australian market.
Westpac profit up 30% to US$2.5bln
Lender posted above-expected net profit but cautious on Europe credit crisis’ effect on Australian market.
ANZ Bank dismisses AXA offer
AXA CEO lost interest in bid despite encouraging suggestions from US and Australian investors.
Bank of the Philippine Islands seeks slower provisioning
Lender upbeat on ‘solid’ 10-15% growth in 2010 after incurring flat total revenue in 1Q.
KB Financial, Woori post above-expected 1Q profit
KB surpassed Woori as the largest Korean financial holding company by assets during the quarter.
ICBC requests lenders to propose for share issue
Lending splurge prompted the ICBC to ask investment banks' proposals to raise $12 billion.
Completion of Woori privatization may extend next year
The market monitors progress of move as it may start bank reforms in South Korea.
OSK Research upgrades forecast on Maybank's earnings growth
Lender's conservative attitude towards provisioning key factor for OSK's 2.6% earnings growth forecast in 2010.
National Australia Bank eyes RBS deal
NAB seeks inclusion in $3.3bln RBS acquisition as it attempts to win its AXA bid.
China Construction Bank likely to hold rights issue
Lender might follow its local peers in attempting to reduce capital ratios.
Bank Mandiri Q1 2010 profit up 43%
Lender posted $222.3mln net profit due to lending surge and strong growth in fee income.
ICBC acquires Thailand's ACL Bank for $550mln
Chinese megabank seeks to expand into Mekong River region using ACL as platform.
Australia regulator scraps National Australia Bank's AXA bid
ACCC cautious that merger could reduce competition in country's retail investment market.
Kookmin CEO's censure may affect KEB acquisition bid
FSS investigation on Kang caused KB board to sidetrack from deciding on KEB takeover.
Siam Commercial Bank seeks tapping corporate customers
Lender sees high-value financial services as vital scheme to strengthen bank’s profitability amidst fierce competition.
India’s top banks expected posting 13% profits growth
HDFC eyed to lead the pack with 31% profits growth as banking sector returns to normalcy.
China Merchants 2009 net down 14% to $2.67bln
Lender still was able to beat average $2.57bln forecast by Dow Jones.
India’s central bank may save “foreign” HDFC, ICICI
Reserve Bank of India may provide them relaxation by tagging them as foreign-owned Indian banks.
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