News

Citi Philippines has new head

Batara Sianturi is the new Citi Country Officer for the Philippines and the Philippines/Guam Cluster Head.

Shadow banking sector now 60% of China’s GDP

Fitch Ratings warns shadow banking is stoking instability in the banking sector.

Over 100 firms vie for new Indian banking licenses

Rules on new banking licenses continue to confuse, however.

SBV to double capital to US$479 million

Central bank wants to better stabilize Vietnam’s troubled banking sector.

CIMB begins investment banking in India

CIMB now in all major APAC markets except Taiwan.

MUFG acquires Deutsche Bank real estate subsidiary

Japan's largest financial group buys US$3.7 billion loan portfolio of UnionBanCal.

HSBC's margins in Hong Kong to start rising in 2014

Thanks to the benefit of mortgage repricing.

Check out UOB's paperless electronic account opening service

You can now open an account in just 15 minutes.

Citibank aims to become Asia’s top digital bank

More clients discover the convenience of online and mobile banking.

India to regulate incentives for bank staff

Aims to prevent a recurrence of money laundering and tax evasion.

China in serious danger from shadow banking

Billionaire American investor George Soros says China has a few years to control shadow banking risks.

Maybank Singapore launches Shariah-compliant banking products

Products to finance residential and commercial and industrial properties in Johor, Melaka, Kuala Lumpur and Penang.