Retail Banking
HSBC to sell stakes in 2 more Indian banks after exiting Axis Bank, Yes Bank
HSBC to sell stakes in 2 more Indian banks after exiting Axis Bank, Yes Bank
HSBC is in talks with investors to sell stakes in Karnataka Bank and Federal Bank to free up capital to meet the stringent Basel III norms.
Fitch downgrades three major Japanese banks
Fitch Ratings Ltd downgrades three of Japan’s largest banks following a cut in Japan’s sovereign debt rating. Fitch said the downgrade was over...
SCB's quarterly earnings up 24%
Siam Commercial Bank's quarterly net profit increased 24 percent to Bt10.07 billion from Bt8.13 billion in the same period last year.
Public Bank pre-tax profit Up 2.1%
Public Bank's pre-tax profit slightly increased by 2.1 percent to RM2.49 billion in the first half from RM2.43 billion in the same period of 2011.
DBS' Peter Triggs to focus on private banking for clients in Middle East and Europe
As DBS' new managing director, head of international clients and wealth structuring, Triggs will be recruiting bankers with strong international...
Singapore banks' profit to slump 18% in 2Q12
The large trading gains in 1Q will unlikely be repeated this time around.
TMB Bank's net profit up 6% YoY
TMB Bank posted a 2Q12 profit of Bt1.26 billion, up by 6% YoY and 22% QoQ.
ABC downplays non-performing loans
Agricultural Bank of China will not raise equity to cope with a rise in its non-performing loan portfolio.
Woori Financial audits Woori Bank
Woori Financial Group audited Woori Bank for two months and found 30 insolvent loans worth US$8.76 million from May 7 to July 6.
Who's banking Asia's millionaires?
Private banks are in for a competitive market to serve Asia's rich with a whopping wealth of US$10.7 trillion.
WMP boom could hurt China’s weaker economy
Sales of wealth management products in China jumped 43% to US$1.90 trillion during the first half of the year.
Thailand's KBank partners with Indonesia's BCA
Thailand's Kasikornbank has teamed up with Indonesia's Bank Central Asia in offering financial services to Thais doing business in Indonesia.
India's LIC eyes Malaysia, Singapore expansion
India's LIC Housing Finance Ltd, is looking to expand in Malaysia and Singapore as it seeks to increase its overseas presence.
Richest Pakistani eyes foray in Indian banking
Mian Mohammad Mansha is keen about providing banking services in India.
Mandiri wants bigger role in ASEAN market
Bank Mandiri will continue to make innovations in business development to become one of Southeast Asia's major banks.
Report shows Chinese banks lack transparency
Transparency International ranked Chinese banks at or near the bottom of a list of 105 international firms ranked for transparency.
Agricultural Bank of China VP Yang Kun resigns
The Agricultural Bank of China announced that its vice president Yang Kun has resigned.
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