Retail Banking
Big NZ banks experience soaring profits
Big NZ banks experience soaring profits
Earnings of ANZ, ASB, BNZ, Westpac and Kiwibank for the last six months of 2011 rose by 25 percent to $2.8 billion.
HSBC elated with progress in Malaysia
HSBC is pleased with the progress of its Malaysian operations, which has been growing in the last two years.
Malaysia's Bank Islam still enamored with Indonesian market
Bank Islam Malaysia Bhd still has its eyes set on expanding in Indonesia.
ING accountant sentenced to 7 years for stealing
Rajina Rita Subramaniam, a Sydney-based accountant, got a seven year jail sentence for stealing A$45 million from her employer, ING Holdings.
Citi revamps Asian management structure
Citigroup Inc's Asia-Pacific chief executive announced a new management structure with the region's markets head, Rodrigo Zorrilla, promoted to COO.
China bends over backwards for its banking industry
Regulators are inclined to give Chinese banks more time to meet tougher capital rules requirements.
Western credit cards finally invade China
Citigroup, Inc. has become the first western bank and the second foreign bank permitted to issue its own credit card brand in China. It is the world...
CIMB's non-interest income to surpass expectations: HwangDBS Vickers
A research group forecasts CIMB Group's non-interest income for financial year 2012 to be better-than-expected.
Singapore’s top 3 banks brace for lower earnings
Flat interest margins and low loan growth are expected to take their toll on Singapore’s leading banks.
China tells banks to boost the “real economy”
China’s Premier and Vice Premier want banks to keep veering away from speculators and instead support the real economy.
Landbank posts $211M net income in 2011
The Land Bank of the Philippines posted a record high net income of P9 billion or US$211 million in 2011
Graph of the Week: China's dwindling deposits
China’s deposits are slowing down which may force banks to raise more money.
Deposit woes continue to haunt China’s banking sector
In a recent teleconference, Fitch analyst Charlene Chu warned earnings growth is not strong enough and banks will be forced to raise equity.
Westpac prepares to axe more jobs
Westpac employees are bracing for a second wave of job losses as the bank seeks to curb costs.
Andhra Bank net down 8% to $61.7M
Andhra Bank witnessed a decline of 8.45 per cent in its net profit at US$61.7 million for the third quarter ended December 31, 2011.
Corporation Bank's profit rises 5.2% at $81.9M
Corporation Bank posted a marginal 5.2 per cent increase in its net profit at US$81.9 million for the third quarter ended December.
Banks lead record Philippine Stock Exchange surge
A strong rally yesterday led by banks pushed the Philippine Stock Exchange Index to a record 4822.08 points, up by 2.3%.
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