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RHB earns positive outlook with transformation
Encouraging improvements in the financial profile of RHB due to transformation earned it a positive from stable outlook. According to Standard & Poor's Ratings Services, the transformation consisting of streamlining RHB's core business resulted in an enhanced revenue generating capacity.
RHB earns positive outlook with transformation
Encouraging improvements in the financial profile of RHB due to transformation earned it a positive from stable outlook. According to Standard & Poor's Ratings Services, the transformation consisting of streamlining RHB's core business resulted in an enhanced revenue generating capacity.
ICICI, Temasek may revive Firstsource sale
Plans may be in the works for Singaporean state investor and Indian ICICI bank to sell their stakes in Firstsource Solutions.
South Korean banks drop barriers in private banking market
Woori, Shinhan, and Korea Exchange banks are lowering the barriers for their private banking services to win back potentially more affluent customers.
Minsheng Bank targets $4 bln sale after HK IPO
Improved banking conditions spurred Minsheng to offer 3.32 billion shares in its Hong Kong IPO.
StanChart India to employ 3,000 by 2010
The bank targets more than 20,000 employees for the bank’s expansion in the country.
Bank of Philippine Islands, World Bank advances in energy loan program
BPI aims to augment its lend to sustainable energy projects by another $106,000.
Korea Development Bank eyes acquiring banks overseas
Korea Development Bank seeks to buy overseas banks as fierce competition in local retail financing market hampers growth.
Hong Leong collaborates with China Development Bank
The tie-up enhances funding and knowledge exchange between the two banks.
Indian Banks anticipate rise in credit losses
Indian banks are likely to gain more than they lose from the latest step taken by the Reserve Bank of India to tighten provisioning norms.
No layoffs in Hong Kong vows HSBC
HSBC's Asian operations expand as it fired 1,700 employees in Britain due to stale European economy.
Westpac, St.George merger yields below expectations
Westpac head still optimistic on bank's performance next year as economic conditions improve.
India seeks legislation downsizing stake in State Bank
Selling of shares aimed to raise funds to maintain bank's 12 percent capital adequacy ratio.
Morgan Stanley resells stake in China Investment Capital
Morgan Stanley's possible $1 billion deal will remove hindrance in expanding its presence in mainland China.
Shinhan, Korea Exchange Bank Q3 profits soar
Cost-cutting scheme of two banks has been proven effective in reducing bad loans.
Moody’s: Chinese banks want life insurers
Chinese commercial banks will increase investment in life insurers in view of the strong growth potential in the Chinese insurance sector.
StanChart Islamic unit aims expansion
Global economic recovery and opening up of some countries for Islamic banking spur StanChart Saadiq’s expansion.
Maybank welcomes partnership with Turkish bank
Maybank limits its collaboration with Bank Asya on trading and products but not in buying stakes.
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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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