News
HSBC abandons retail banking operation in Japan
A massive restructuring by the world’s second largest bank continues to surprise with its depth.
HSBC abandons retail banking operation in Japan
A massive restructuring by the world’s second largest bank continues to surprise with its depth.
Maybank pre-tax profit up in first 6 months
Maybank posted RM3.563 billion or US$1.18 billion in pre-tax profit in the first six months ended Dec 31, 2011.
Chinese investors in massive retreat from loans
China’s Big Four banks have less and less to cheer about as the year stumbles on.
Permata Bank posts stellar income
Bank Permata reported an increase in profit last year as loan demand by Indonesian consumers and corporations rose and the economy grew.
Perilous situation: More bad loans face Chinese banks
The souring Chinese economy continues to dent the bottom line of Chinese banks.
Bank Muamalat starts repositioning with new Temerloh branch
Bank Muamalat started its repositioining program of upgrading and reocating branches with its 57th branch in Temerloh.
OCBC reports rosy results
The Oversea-Chinese Banking Corporation Ltd, Singapore’s largest local bank by market capitalisation, has reported encouraging operating results for 2011.
China's micro-lenders up 64 %, lends $30.7B
China's micro-credit sector experience massive growth with encouragement from the government.
Indian banks join M&A hunt in Europe
Japan isn’t the only country looking to strike M&A fortunes in Europe.
CIMB's keeps focus on Asean amid RBS acquisition plan
CIMB Group’s Asian expansion plan will not be significantly impacted by its purported acquisition of Asian assets of the RBS.
ANZ to protect margins with increased interest rates
ANZ chief executive Mike Smith promised to protect future profits by again raising lending rates independently of the Reserve Bank.
Outlook rosy for South Korea's financial groups: analysts
Analysts forecast that South Korean financial services groups will post robust earnings this year.
IBK's earnings dip 73 % to $33M in Q4
Increase in loan-loss provisions caused IBK's fourth-quarter earnings to go down by 73 percent from one year ago.
Korea Eximbank forms consultative body with 5 Chinese banks
Korea Eximbank will form a consultative group with five Chinese banks to help Korean firms win large overseas projects.
Bank of Tokyo explores Cambodian market
The Bank of Tokyo Mitsubishi UFJ will penetrate deeper into the Cambodian market with the launching of its representative office.
HK's credit card receivables up 10.9% in 4Q
Hong Kong's total credit card receivables went up 10.9 percent to US$13 million in the fourth quarter of 2011 from a year earlier.
Australia’s Westpac begins to bleed
One of Australia’s most stable banks is cut by the banking crisis.
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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.
Industry experts push for the rapid progress of unified customer data as a starting point.
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