News
Krung Thai Bank eyes 15% fee income growth for 2013
It will benefit from the government’s THB2t infrastructure spending over the next seven years.
Krung Thai Bank eyes 15% fee income growth for 2013
It will benefit from the government’s THB2t infrastructure spending over the next seven years.
Philippine banks to raise more capital to meet Basel 3 guidelines
Maybank says capital instruments issued in 2011 will be qualified until 2015 but older issuances will be ineligible.
Sumitomo Mitsui’s market value rises by 5.1%
Recent stock market rally also benefits other Japanese megabanks.
Union Bank of the Philippines surprises with Php7.6b profits in 2012
It's 8.5% higher than analyst's estimates.
Hong Kong banks' trade finance to grow 20% in 2013
It's also expected to be more China-biased.
Goldman Sachs cuts its stake in ICBC for the fifth time since 2009
GS sold around 1.34b H-shares of ICBC.
Singapore's loan growth feared to be on a declining trend
Overall loan growth is expected to moderate to 8% this year.
State Bank of India to open second Chinese branch
Will be located in Tianjin, the largest coastal city in northern China.
Hana Financial to delist KEB after buy out
Will follow its taking over 100% of Korea Exchange Bank.
Probes reveal banks' manipulation in Singapore’s offshore FX market
Evidence surfaced that traders colluded to manipulate rates in Singapore's offshore foreign exchange market.
Maybank eyes Muslim market in southern Philippines
Maybank will expand its financial services and investing in the Mindanao region of the Philippines.
Hong Kong banks threatened by intensifying competition from foreign banks
Aggressive Chinese banks increased their presence in Hong Kong from 9% to 15%.
Metrobank's loan growth forecast to increase 15% in 2013
Transaction fee income is an impetus for earnings expansion.
10 Thai banks' combined net profit up 24% to Bt162b
But guess which bank is the laggard with a 60% earnings drop?
Citibank achieves first cross-border renminbi lending deal
Citibank (China) Company last week completed its first cross-border renminbi lending transaction.
UK becomes G7 leader in offshore renminbi trade
The Bank of England will soon become first G7 central bank to enter into a foreign exchange swap agreement with China.
Morgan Stanley gives up banking license in India
New regulations forces hand of sixth largest US bank.
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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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