Retail Banking
Hong Kong Monetary Authority gives banks funding plan deadline
Hong Kong Monetary Authority gives banks funding plan deadline
Hong Kong banks should submit its plan by the end of the month for HKMA to avoid the risk of credit-fuelled property bubble.
Bendigo and Adelaide Bank inaugurates new wealth management unit
Bendigo Wealth delivers better consistency across the bank’s product range as it aligns its portfolio of wealth management services with those of its...
Maybank appoints 4 senior officers
The assignments aim to empower the group with extensive management experience and expertise in key areas for its next phase of growth as a regional...
Everbright Bank H-Share IPO gains regulatory support
Preparation for China Everbright Bank's Hong Kong listing has been going smoothly, according to its vice president Lin Li.
Indian bank used to evade US taxes
An Indian-American pleaded guilty to conspiring to defraud the Internal Revenue Service with five HSBC bankers by hiding his Indian accounts.
Kookmin Bank poised to achieve pre-crisis profits in 2011
Costs incurred from massive job cuts and other factors cut down the lender’s profit to $10mn last year compared with $2.49bn in 2007.
A month left for the nominations in the upcoming Asian Banking and Finance Retail Banking Awards 2011
The Asian Banking and Finance Retail Banking Awards 2011 is now underway its process of nomination.
ANZ allowed to launch factoring services
ANZ Bank Vietnam has been allowed to launch factoring services, according to State Bank of Vietnam governor, Nguyen Van Giau.
China Everbright Bank's 2010 net profit up 67.4 %
China Everbright Bank's net profit is up jumped 67.4 percent to US$1.96 billion U.S. dollars for the 12-month period ended on Dec. 31. 2010.
Zainal Abidin is new CIMB chairman
CIMB Bank has appointed Datuk Zainal Abidin Putih as chairman of the board of directors.
Westpac to expand operations in Asia
Westpac Banking Corporation expand its business in Asia organically and through partnerships rather than acquisitions, according to its chief...
StanChart’s Korea Unit to maintain paying dividends
Despite 27 branch closures in 2011, the lender still has no plans to pull out of South Korea.
South Korea financial watchdog cautions on heated competition
The FSS advised South Korean banks to step up overseas expansion as local market is already saturated.
Woori Bank raises $500M through subordinated bonds
Woori Bank has raised US$500 million through dollar-denominated subordinated bonds.
EON Bank's new campaign designed to boost deposits
EON Bank will use a new campaign to grow its total customer deposits by 15.7 per cent this year.
China's CITIC Bank opens Singapore branch
The opening of its Singapore branch marks a major in implementing the international expansion strategy of China CITIC Bank Corporation Limited in...
CIMB targets ASEAN expansion
CIMB Group is eyeing mergers and acquisitions to expand its Southeast Asian franchise.
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