Retail Banking

Commonwealth Bank confident on weathering crisis

Commonwealth Bank confident on weathering crisis

The lender’s chief believe influx of retail deposits would protect Australian banks against higher funding costs.

Bank of China sets up first overseas commodity units in Singapore

This is the first time that a Chinese commercial bank has established such business overseas.

Korea savings bank suspensions push deposits up

Thed suspension of ailing savings banks stirred investors to seek safer financial institutions inn Korea resulting to an increase in news deposits...

Commonwealth Bank of Australia appoints 2 senior executives

The lender gave weight to Grahame Petersen’s strong strategic skills and Annabel Spring’s extensive global banking markets and wealth management...

Westpac appoints Peter Hanlon, as group executive transformation & productivity

Christine Parker will take over group executive human resources post vacated by Hanlon.

DBS Bank to invest S$250m in private banking over the next 5 years

Its new platform targets high net worth individuals with investible assets of S$1.5m and up.

Deutsche Bank strikes deal with China Merchants Bank

The MOU to boost German lender’s presence in Asia, particularly in China.

State Bank of India expects profit to exceed $2.08bn

Despite series of diminished profit in the previous quarters, the lender hopes to get $519.92mn second quarter profit.

Asia Commercial Bank eyes joining Vietnam’s top four

The lender’s chief targets to join the club in four years.

Singapore’s loan growth slowdown may be more severe, warns analyst

FY12 loan growth is forecast to be between 8% and 8.5% which is sharply lower than FY11’s forecast of between 16% & 20%, but it doesn’t stop there.

Philippines' total bank profits up 23% to $1.07bn

Robust operating income and disciplined expenses fuelled growth.

Prudential mulls increasing its 26% stake in ICICI

Indian government seen to allow foreign insurers to raise their stakes.

Suspension of savings banks to have limited impact on Korea’s banking system: analyst

As the savings bank sector accounts for roughly 5% of the national banking system, which is relatively too small for it to make a big enough impact.

Chinese banks beat their foreign counterparts with strong profits in 2010

Profits of city commercial banks and joint stock banks surged 55.05% and 46.81% respectively.

UOB is the best managed on liquidity risks among the Singapore banks

Its capital buffers are also the highest compared to OCBC and DBS.

Reserve Bank of India deems rate hikes necessary

DBS expects RBI to raise policy rates to 8.5% by December 2011.

HK to give grand welcome if UK banks transfer to ex-territory

Shareholder interest and profitability issues may force HSBC and other British banks to reconsider relocation.