News

Bank Islam remains open to M&As

The lender wants to the M&A that has a strategic fit, which it didn’t see in the last two failed attempts.

Bank Islam remains open to M&As

The lender wants to the M&A that has a strategic fit, which it didn’t see in the last two failed attempts.

China seen to lift suspension of city banks’ expansion

The regulator to assess lenders' interregional expansion after more than 30 of them have expanded beyond their home provinces.

NAB sets eyes on US investors in RMBS Issue

The lender keen to woo American investors with Australian mortgages in the belief that foreigners are confident in the Australian housing market.

HSBC mulls boosting India unsecured loan retail unit

The lender keen to execute the plan in a cautious and calibrated way despite plunge in profit.

Commonwealth Bank confident on weathering crisis

The lender’s chief believe influx of retail deposits would protect Australian banks against higher funding costs.

Banks worldwide set their sights on Asia

As it is predicted to become the dominant center for global trade flows over the next 12 months.

Banco de Oro plans issuing $69mn Tier 2 notes

The proceeds of notes having 10 years and 3 months maturity will be used for lender’s expansion.

Korea savings bank suspensions push deposits up

Thed suspension of ailing savings banks stirred investors to seek safer financial institutions inn Korea resulting to an increase in news deposits reports Yonhap News.

OCBC Malaysia goes for $1.28bn SME loan disbursement this year

The lender and its local rivals are currently searching for good SMEs with export potentials.

DBS Bank to invest S$250m in private banking over the next 5 years

Its new platform targets high net worth individuals with investible assets of S$1.5m and up.

Deutsche Bank strikes deal with China Merchants Bank

The MOU to boost German lender’s presence in Asia, particularly in China.

State Bank of India expects profit to exceed $2.08bn

Despite series of diminished profit in the previous quarters, the lender hopes to get $519.92mn second quarter profit.

Hang Seng China gets nod to set up Xiamen branch

The lender’s Xiamen branch is the second in West Coast Economic Zone after one in Fuzhou.

Bank of China stops foreign exchange trade with some Euro banks

Bank of China has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe.

UBS boss Gruebel seeks overhaul of investment banking unit

UBS Chief Executive Oswald Gruebel will pursue an overhaul of investment banking at a meeting with the board in Singapore, after unauthorized trading caused a $2.3 billion loss.

Singapore’s loan growth slowdown may be more severe, warns analyst

FY12 loan growth is forecast to be between 8% and 8.5% which is sharply lower than FY11’s forecast of between 16% & 20%, but it doesn’t stop there.

Woori Bank set to spin off card business

The creation of Woori Card follows similar moves by the lender’s rivals.