Retail Banking
OCBC woos customers defecting from French banks
OCBC woos customers defecting from French banks
The lender wants to gain share from defectors who withdrawn billions of their investments from French lenders.
Maybank names Michael Foong Seong Yew as Chief Strategy Officer
The ex-managing director of Accenture PLC’s management is tasked to oversee the group’s corporate development office.
Assets under management soars 76% in leading Asia-Pacific banks
Citi surpasses UBS as the leading high net worth wealth manager in Asia-Pacific according to a Private Banker International report.
Lone Star trapped in legal issues over KEB stakes
Lone Star Funds may be ordered to sell a majority of stakes in the Korea Exchange Bank unless it meets legal requirements as KEB's top shareholder.
Mizuho acquires 15% stake in Vietcombank
Japan’s Mizuho Financial Group will acquire a 15 per cent stake in Vietcombank for $567 million in what is possibly Vietnam’s largest ever inbound...
Maybank Community Service Financial Revenue To Grow To RM12 Billion In 2015
Maybank expects its community financial services revenue to grow to RM12 billion in 2015, from the current RM6 billion.
34,000 customers file $48.5mn class action suit vs. ANZ
The lender joins 11 others which could face similar suits regarding overcharging of fees.
Agribank allays fears of additional capital raising
The lender sticks to its promise not to seek a rights offer to raise additional capital within two years from its IPO.
ICBC rolling out a variety of services during first week of October
ICBC, with an aim to provide a variety of financial services to all customers, has formulated a range of special service solutions and taken various...
ABC Strives to Build the Largest Financial Service Network in Tibet
The 209 outlets of Tibet Branch of Agricultural Bank of China Limited has been interconnected.
Group CEO Oswald J. Grübel resigns from UBS
Sergio P. Ermotti will take up the position of Group CEO on an interim basis.
UBS expects positive net profit in Q3 2011 despite unauthorized trading fiasco in September
The bank will report a gain on the sale of treasury-related investments of approximately CHF 0.7 billion in Wealth Management & Swiss Bank.
BPI microfinance bank taps microinsurance business
3 BPI units join forces to deliver insurance products to low-income earning Filipinos
Hua Nan inks deal with China Merchants Bank
The Taiwanese bank seeks to benefit from MOU with the Chinese bank to expand its operations in the Mainland.
BPI launches investment service for overseas Filipino workers
With Investment 3.0, the lender provide online platform for investment opportunities though they are away from home.
South Korean banks amass $2.7bn Q3 profits
Lenders are trying to increase interest rates on loans while cutting deposits rates.
Mega ICBC opens in Cambodia
Taiwan's Mega International Commercial Bank opened its first branch in Cambodia to attract more Taiwanese investors in the kingdom.
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