Retail Banking
Council for Third Age & POSB launch Active Card
Council for Third Age & POSB launch Active Card
Singaporeans at least 45 years old are now further protected against fraud or theft while also enjoying healthcare privileges with the launch of the...
Sumitomo Mitsui targets buying stake in Chinatrust
Chinatrust aims to use Sumitomo’s $85mln investment for its expansion in the mainland.
SBI hires 18,000 to mutual fund sales force
Move can make lender India’s biggest mutual fund marketing machine.
Drawn-out acquisition talks may disrupt EON Capital business
Lender’s suitors need to hasten deal closure to avoid adverse investor sentiment and lowered staff morale.
Hatton, SIB agree to improve remittance flow
Hatton National Bank signed an MOU with South Indian Bank to improve the remittance flow to India and Sri Lanka.
EON Capital obtains approval for new directors
Bank Negara affirms EON shareholder’s appointment of 7 independent directors last Friday.
Moody's says Philippines banking system outlook stable
Rating attributed to banks' well preserved and deposit-funded balance sheets and improving domestic and global economy.
Bank Rakyat Indonesia to acquire Bank Agro
Takeover crucial to BRI as it beefs up its assets to become competitive in international market.
Bank Central Asia profit up 17% to $745mln
Improving net interest revenues and fee based income were drivers for lender's growth.
New Hong Leong offer for EON Capital seen
Analyst said selection of 7 new directors can revive HLB's bid to acquire EON Cap.
HSBC eyes Bank of Communication rights issue subscription
Move part of HSBC's plans to invest in China to capitalise on country’s 10.7% economic growth.
India public sector banks to open insurance business
Lenders take advantage of profitability of insurance and mutual funds operations in the long run.
National Australia Bank positive on Axa acquisition
NAB believes regulator will favor its US$12mln bid for Axa takeover over rival's US$11mln offer.
Affin Bank mulls EON Cap takeover
Lender banks on improving financials and fundraising potential for bid despite criticized for being small.
Metrobank 2009 profit up 36.8% at $131mln
Double-digit surge in interest income and more efficient operations jacked up lender’s net profit.
Thanachart acquires $1bln Siam City stake
Purchase of 47.6% stake in SCB has given Scotiabank avenue to expand in Thailand.
Bank of China to issue $7.7 billion HK shares
Calculated as the biggest fund-raising plan in Hong Kong so far in 2010, the offering represents 20 percent of the bank's H-share capital.
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