Retail Banking
StanChart Korea bank workers end strike
StanChart Korea bank workers end strike
About 2,500 unionised workers stopped work June 27, saying that the new system was just aimed at cutting labour costs.
Hang Seng Bank appoints Nixon Chan as head of retail banking and wealth management
Donald Lam was also appointed as head of corporate and commercial banking.
HLB-EON merger to produce long term benefit, says research
Analysts are upbeat that the new merged entity between Hong Leong Bank and EON Bank will benefit in the long run.
BOA to sell $8.3B worth of China Construction Bank shares
Bank of America will sell around 13.1 billion common shares of China Construction Bank Corporation to generate approximately 8.3 billion dollars of...
RHB Cap profit climbs to $132.27mn
Higher profit was attributed to higher net interest income, other operating income, income from Islamic banking business and impairment writeback on...
China banks post impressive first half profits
Most of the 10 lenders had over 30% net profit rise in the same period.
Asia United Bank profit drops 30% to $12.48mn
The lender’s non-interest income income from trading and trust and fee-based profits, income from securities trading and earnings from foreign...
HLB posts 12.5% increase in fiscal year net profits
Hong Leong Bank Bhd overcame a slashed fourth quarter profit to end the financial year with an increased net profit.
Korean banks increase BIS capital ratio in Q2
The capital adequacy ratio of South Korean banks edged up in the second quarter on account of solid earnings.
Union at StanChart First Bank to stage slowdown
The labor union at SC First Bank said will continue to oppose the bank's move to adopt a merit pay system.
Bank of China profit up 28% to $10.4bn
The lender said its net interest margin has improved and has the potential to widen.
SBI: Business as usual even without government funding in FY2011
State Bank of India can continue its growth this financial year even if the Indian government's proposed capital infusion doesn't take place, a top...
Fitch confident about Singapore banks’ resilience
The ratings firm said Singapore banks are likely to maintain their sound credit profiles, in spite of growing uncertainty over the global economy.
Standard Chartered's growth fastest in China
Standard Chartered experienced faster expansion of its Chinese mainland business than the rest of its units in the first half of 2011.
Maybank hopes Indonesia won’t change policy on foreign shareholding in banks
Maybank hopes Indonesian ruling on bank shareholding will not be detrimental to foreign investors.
10 Chinese banks surpass expected profits in first half
Ten Chinese commercial banks reported higher-than-expected net profits of 244.7 billion yuan or 72.11 billion U.S. dollars.
Woori Bank’s privatization likely to remain challenging over the next quarters
None of the major banks participated in the latest bidding process presumably because of the huge KRW9.3 trillion funding requirement.
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