Retail Banking
Hana Financial third quarter profit down 58% to $178.9mn
Hana Financial third quarter profit down 58% to $178.9mn
The company awaits regulator to order Lone Star to sell stake in Korea Exchange Bank to discuss deal.
Foreign banks in China remain positive on expansion moves
Foreign lenders strive to survive despite losing market share as domestic banks are gaining competitiveness.
Commonwealth Bank shells out $55mn for additional 5% in VIB stake
Vietnam’s banking system has become attractive to foreign investors for strategy in the long-term.
Shinhan and Woori pose bid for Tomato Savings Bank
The auction is part of the government's sale of suspended savings banks.
ANZ to use social media for global hiring
The lender has adopted a phased approach in using Twitter, YouTube and Facebook for recruitment.
India urges lenders to focus on core business
The move to impact banks which had expressed interest to float either insurance or asset management businesses.
Bank Danamon and Manulife unite for bancassurance
The tie-up to targets Indonesia’s growing middle class.
World's biggest banks brace for asset reductions and job cuts
UBS, Deutsche Bank, Barclays, and Credit Suisse feel the heat of slashing costs.
Mainland exposure to rise to 35% of Hong Kong banks by 2012
Concerns of rising exposure are indeed valid as HK banking assets' exposure was only 24% at end-June 2011 and 10% at end-2008.
OCBC's subsidiary to acquire 5 companies from PacificMas Berhad
OCBC Capital Malaysia expects to acquire the target companies for a total amount of about RM450 million.
Hang Seng Bank joins Dow Jones Sustainability Asia Pacific Index
The lender is the first in Hong Kong to be recognized by the Global Reporting Initiative standards.
Bank employees’ union urges Malaysia not to be used to bail out foreign banks
Union calls for government to stand by its law, interests, customs and practices amidst Europe and US financial crisis.
Public Bank profit up 15% to $288mn
Malaysia’s economic rise makes its banking industry stable and supportive of growth.
ANZ targets tenfold surge in opulent clients in Vietnam
The lender to tap more than 10,000 high-end professionals, or entrepreneurs who have built up their business in Vietnam.
ANZ Bank appoints Anne Weatherston as Chief Information Officer
The only female CIO of a Australia’s big four has recently finished the lender’s technology blueprint.
Innovations fuel BPI’s growth—CEO
The lender said it pioneered innovations through banking processes streamlining, computerizing and automating operations.
Listed banks in China eye 30% profit growth in 3rd quarter
Analysts believe large banks’ interest margin to peak in the second quarter as their assets quality remains stable.
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