News

SBI employees lag in bringing in business

SBI employees lag in bringing in business

$1.41mln average business brought by each employee below industry average despite above average salary expenses.

Korean lenders to post better third quarter earnings

Banks' income fall hit by massive reserves related to corporate overhauls and distressed property loans.

ICICI Investment Management raises $1mln from domestic investors

ICICI susidiary targets growth capital investments in the sub-Rs 1 crore category in mid-market companies, it added.

Westpac allots $100mln to boost retail division

Move follows lender's appointment of 670 managers in an effort to increase division's competitiveness.

DBS to invest S$250mln in Asian treasury & markets business

Move underscores T&M’s ambition to be leading Asian currency and fixed income house following exponential growth.

HSBC’s Finance Director eyed as chairman candidate

Lender’s independent directors on a search for its chairman’s replacement as Green will join British government.

UOB Malaysia wants more privilege banking customers

Bank targets additional 4,000 elite customers by year-end and total of 50,000 by end of 2015.

Regulator approves ANZ Bank's $373mln China unit

Plans to set up 20 branches in three years as it targets stronger foothold in China.

HSBC launches online US Stock Trading Services

Service available online, over the phone and via iPhone with flat $18 per transaction brokerage fee.

StanChart keen on Taiwan operations

Reinforces corporate, home lending, and wealth management operations as profit in first seven months reaches US$98.6mln.

Mandiri selects six global banks for rights issue

Indonesian lender to choose two international selling agents to underwrite $1.5bln rights issue.

OCBC to kickstart 'Go China' campaign

Customers could fulfill investment with package offering new range of financial solutions with exclusive China focus.

Hong Kong RTGS incorporates real-time features to SwiftNet

Move enhances lenders' interoperability by using uniform standard to process domestic and international payment.

National Australia junks bid for Axa Asia

Regulator's blocking of NAB-AXA deal paved way for AMP offer as insurer remains strategically attractive.

Asia-Pacific banks suffering from decreasing customer loyalty

63% of survey respondents have more than one product outside their main bank.

SBI wants increase in public sector bankers' salaries

Echoes RBI's comment that PSBs might lose talent to private sector lenders behind  poor compensation packages.

Mandiri may increase rates on central bank's policies

Mulls increasing lending rates to 15 basis points after August inflation figures reached a 16-month high.