News
Forex reserve growth of China slows down
Decreased growth said to show the depth of unease created by debt fears in Europe and the weak U.S. economy.
Forex reserve growth of China slows down
Decreased growth said to show the depth of unease created by debt fears in Europe and the weak U.S. economy.
Woori Finance and RBS ink deal
The alliance will enable the South Korean lender to issue covered bonds.
HDFC Bank and Diners Club form alliance
The Indian bank to offering its 3rd credit card to 20,000 additional new customers per month.
Bank Central Asia starts offering BlackBerry banking service
The lender taps Indonesia’s 3mn BlackBerry users and 4.7mn of its mobile banking customers.
Listed banks in China eye 30% profit growth in 3rd quarter
Analysts believe large banks’ interest margin to peak in the second quarter as their assets quality remains stable.
Cathay United Bank and Bank of China strike cooperation deal
The Taiwanese bank to work with what it considers the most internationalized bank on the Mainland.
Asia joins in on global uprising against Wall Street
Protestors rallied in Hong Kong and Tokyo in support of the Occupy Wall Street demonstrations that began last month in New York.
Japan bank loans down by 0.3% in September
Japanese banks lent 0.3 percent less in September compared from a year earlier, reports Reuters.
Vietnam may allow sale of ailing banks
Vietnam's central bank is paving the way for mergers and acquisitions among banks to step up the restructuring of the sector hit by rising bad debt.
HSBC expands renminbi trade services to all China branches
The move will provide the lender widest geographic RMB trade coverage among all foreign banks in China.
Lone Star not to appeal Korean court ruling
Hana shares soared on speculation that its takeover of KEB will progress as court proceedings seen to end.
China banks may get license to operate in Taiwan in Q12012
Chinese lenders’ focus on corporate banking poses a threat to its Taiwanese counterparts in competing for patronage from Taiwanese enterprises.
China bad debt seen to soar to 60% of bank equity
Analyst say intervention of Central Huijin to shore up the banks shows that banks’ financial health is deteriorating.
Affin Investment disburses RM2.58 M business zakat
Affin Investment Bank disbursed business zakat totalling RM2.58 million, reports Bernama News.
Stable outlook for TMB despite high non-performing loans: Moody’s
However, the bank’s profitability remains weak compared to other similar-sized Thai banks.
JP Morgan's earnings may drop 2%
This despite the bank's four straight quarters of beats, according to a Reuters report.
Banks to bail out Wenzhou firms
Eleven work groups have been sent to oversee a bank bailout of private firms suffering from a liquidity crunch in a coordinated move to tackle the Wenzhou debt 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.
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