News
ANZ Bank posts 27% profit rise in Q1
ANZ reported a 27 per cent rise in the first-quarter underlying profit on good momentum and lower provisions for bad debts.
ANZ Bank posts 27% profit rise in Q1
ANZ reported a 27 per cent rise in the first-quarter underlying profit on good momentum and lower provisions for bad debts.
Chinese banks' capital adequacy improves in Q4
China's banking regulator announced that the country's commercial banks had improved their capital adequacy at the end of last year.
China Construction Bank keen on opening Taiwan office
CCB is the only lender among China’s to four that is yet to get approval from Taiwanese regulator.
Mizuho plans tapping BlackRock for acquiring Asian investment managers
The move will give way for the bank to invest Japanese pension money fast growing Asian economies.
People's Bank of China denies liberalising deposit rates
China’s central bank has vowed to adopt a more market-based system for setting interest rates but has proceeded cautiously.
Taiwan bank opens second Vietnam branch
Taiwan's First Commercial Bank opened its second branch in Vietnam to further expand into the emerging market.
Deutsche Bank's HCM City branch to increase capital
State Bank of Viet Nam increased the allocated capital for Deutsche Bank AG, HCM City branch, from US$24 million to $50.08 million.
KB Financial approved for credit card unit spinoff
South Korea's financial watchdog approved KB Financial to spin off credit card operations from its flagship Kookmin Bank.
Taiwanese banks to recruit 1,500 personnel
The country’s economic recovery prompted 9 banks to beef up workforce.
CCB brokerage unit to increase research team by 40%
The move is seen to increase the company’s competitiveness in wooing investors for financial services in China.
BEA posts record after-tax profit for 2010
Bank of East Asia achieved a record after-tax profit of US$552.4 million in 2010, jumping 60.8 percent from a year earlier.
Major Korean banks bid for troubled Samhwa
South Korea's three major banking groups have submitted bids for a troubled mid-sized savings bank.
Vietnam loan growth slows in Jan as dong lending slips
Vietnam bank loan growth slowed in January and dong lending slipped. Businesses are seeking dollar loans and sold dong to take advantage of a gap between local currency and dollar rates, central bank data showed.
Vietnam banks demand ‘fees’ to sell dollars
Vietnam's banks are selling dollars to businesses at a premium on the official rate by adding “consulting” fees. The State Bank of Vietnam Monday set the reference rate for the greenback at VND20,713 based on which banks sold it at VND20,900.
DBS Bank downgrades dong's outlook
DBS bank downgraded its forecast for the dong and expects the currency to decline by another 3.75 per cent against the U.S. dollar.
AgBank to acquire 51% stake in Jiahe Life
The lender plans to subscribe to 1.04 billion new shares to be issued by the insurer worth $392.55mn overall.
NAB plans slashing exit fees for home loan switchers
The bank’s initiative of paying $700 fee charged by rivals sound commercial decision for the good of customers.
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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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