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HSBC Singapore cuts over 100 jobs
HSBC cut over 100 jobs in Singapore representing just over 3 percent of its 3,000-strong workforce in the city-state.
HSBC Singapore cuts over 100 jobs
HSBC cut over 100 jobs in Singapore representing just over 3 percent of its 3,000-strong workforce in the city-state.
Philippine central bank accredits 4 rural financial institutions
The Bangko Sentral ng Pilipinas has accredited four rural banks as rural financial institutions.
Commercial Bank of Ceylon to sell listed debt
Commercial Bank of Ceylon is planning to raise at least a billion rupees through sale of listed debt, but may sell more debt if the demand is higher.
Vietnam's Sacombank opens 4th branch in Cambodia
Vietnam's Sacombank inaugurated a branch in Kampong Cham City, taking to four the number of its branches in Cambodia.
Bank BJB agrees to a higher dividend
The shareholders of Bank BJB approved the disbursement of a dividend at Rp 61.07 or 0.66 US cents a piece for the 2011 financial year.
Bad debt ratio of Korean banks up in Feb
The bad debt ratio for loans extended by Korean banks rose in February.
Tata Capital sets its sights on Asian M&As
The financial services arm of India's Tata Group is on the lookout for profitable acquisitions.
Malaysian banks hopeful of double digit loan growth
Standard Chartered Bank Malaysia projects retail loan growth at single digit; however, there are other growth triggers for corporate loan growth.
BCBS accepts S. Korea's monetary stabilization deposit proposal
The BCBS accepted South Korea's proposal to ease monetary stabilization account deposit rules that can reduce the burden on lenders.
Vietcombank targets $238.6M after tax profit in 2012
Vietcombank is targeting an after tax profit at 4.929 trillion dong or US$238.6 million, a year on year increase of 17%.
GRGBanking signs contract with Philippines' ECTK Solution
ECTK will buy ATMs H22N/L and E300L from GRGBanking to provide service to local banks and financial institutions.
Royal Bank Of Scotland Bullish On Malaysian Ringgit
The Royal Bank of Scotland plc (RBS) is bullish over the Malaysian ringgit, with the local currency projected to move within the 3.05-3.02 range to the US dollar this year.
Vietinbank prepares to issue overseas bonds
Vietinbank is preparing to issue overseas bonds by conducting a series of road shows in major foreign markets.
Public Bank declares cash dividend for FY2011
Public Bank has declared a cash dividend of 48 sen per share for financial year ended Dec 31, 2011.
Woori Bank raided over lending irregularities
Police raided the headquarters of Woori Bank on suspicionof irregularities and bribe taking in exchange for giving massive loans for a resort project.
Chinese senior bankers subjected to stricter standards
Senior management of China's financial enterprises under the central government will have less discretion in running their firms.
State Bank denies rumors of SHB's takeover of Habubank
Tthe State Bank of Vietnam stated that it has not received any report on the SHB’s proposal to buy Habubank.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
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