Retail Banking

Asian Banking & Finance Awards 2012 winners revealed

Find out who the winning banks are in this year’s Retail Banking Awards and the inaugural Wholesale Banking Awards.

Asian Banking & Finance Awards 2012 winners revealed

Find out who the winning banks are in this year’s Retail Banking Awards and the inaugural Wholesale Banking Awards.

Citi issues own credit cards in China

Citigroup Inc has made history by becoming the first Western bank to issue its own credit card in China without co-branding from a local financial...

Flagging economy slams Bank of China

Bank of China Ltd reported a net profit of US$5.5 billion, a 5.3% improvement year-on-year from US$5.2 billion.

Bank of China posts weakest net increase in 3 years

Bank of China posted a 5.1 percent rise in second-quarter net profit, its slowest profit growth in over 3 years.

Singapore's banks on the look-out vs European tax evaders

Banks in Singapore have been warned since last year against funds being transferred to evade taxation elsewhere.

Kien's arrest shocks Vietnam's stock market, banking sector

Nguyen Duc Kien's arrest on suspicion of conducting illegal business activities is triggering a dramatic fall in Vietnam's stock markets.

Maybank posts $862M first half profits

Maybank's profits rose by 21.2 percent to 2.7 billion Malaysian ringgit or US$862 million in the first half from the same period last year.

India and Pakistan to host each other's banks

India and Pakistan have agreed to host two banks from each other.

The end of outsourcing as we know it?

The recent allegations1 and eventual settlement2 against Standard Chartered regarding lapses in their anti-money laundering (AML) controls has made...

Singapore banks brace for weaker non-interest income

Trading-related income fell 39% qoq to S$764m in 2QFY12, says CIMB.

ANZ Bank posts 10% increase in profits

ANZ Bank profited A$4.4 billion for the nine months to June for a 10 percent increase of profits.

China’s Big Four dominate world’s top banks

China’s state-owned banks remain among the world’s most profitable and the largest in market capitalization, said a report by Boston Consulting Group...

Krung Thai Bank to expand in Myanmar, Vietnam

Krung Thai Bank believes that it will have enough financial muscle to serve non-Thai customers such as state agencies in Myanmar and Vietnam.

Affin starts negotiation for Bank Muamalat merger

Malaysia's central bank has given the green light for Affin to commence negotiations for a possible acquisition of equity interests in Bank Muamalat...

Citibank unveils Dining Program for Philippine cardholders going to Australia

All Citibank credit cardholders get a free bottle of award winning wine everytime they use cards to pay.

BoCom to raise US$8.98 billion for capital replenishment

China's fifth largest lender by assets, has received government approval to complete a private share placement.

ANZ may sell Asia bank stakes due to stringent capital rules

ANZ would sell some of its stakes in Asian banks if Australia does not ease stringent capital requirements, said chief executive Mike Smith.