Retail Banking
Maybank forecasts foreign remittance segment to grow by 15%
Estimate was made after the lender joined forces with Axis to boost remittance from India.
Maybank forecasts foreign remittance segment to grow by 15%
Estimate was made after the lender joined forces with Axis to boost remittance from India.
Bank of Maharashtra's net profit up 92%
Bank of Maharashtra announced its net profit for the second quarter is up by 92 per cent at Rs 100.42 crore compared from Rs 52.3 crore in the same...
Union Bank of India net profit up 16.2%
Union Bank of India reported a net profit of Rs.352.5 crore for the quarter ended Sep 30, 2011, increasing by 16.2 percent from Rs.303.4 crore of the...
Bank Rakyat pre-tax profit, zakat up 17%
Bank Rakyat's pre-tax profit and zakat for the first of 2011 is up by 17 per cent to RM1.5 billion from RM1.28 billion in the same period last year...
Julius Baer appoints Kaven Leung as CEO North Asia and deputy CEO Asia
He will also be Chief Executive of the Hong Kong branch as of 19 April 2012, but is still subject to regulatory approvals.
Regulatory requirement makes foreign banks in China race for cash
The Chinese Banking Regulatory Commission’s 75% loan-to-deposit ratio requirement is giving banks a tough time.
Hana Financial third quarter profit down 58% to $178.9mn
The company awaits regulator to order Lone Star to sell stake in Korea Exchange Bank to discuss deal.
Foreign banks in China remain positive on expansion moves
Foreign lenders strive to survive despite losing market share as domestic banks are gaining competitiveness.
Commonwealth Bank shells out $55mn for additional 5% in VIB stake
Vietnam’s banking system has become attractive to foreign investors for strategy in the long-term.
Shinhan and Woori pose bid for Tomato Savings Bank
The auction is part of the government's sale of suspended savings banks.
ANZ to use social media for global hiring
The lender has adopted a phased approach in using Twitter, YouTube and Facebook for recruitment.
India urges lenders to focus on core business
The move to impact banks which had expressed interest to float either insurance or asset management businesses.
Bank Danamon and Manulife unite for bancassurance
The tie-up to targets Indonesia’s growing middle class.
World's biggest banks brace for asset reductions and job cuts
UBS, Deutsche Bank, Barclays, and Credit Suisse feel the heat of slashing costs.
Mainland exposure to rise to 35% of Hong Kong banks by 2012
Concerns of rising exposure are indeed valid as HK banking assets' exposure was only 24% at end-June 2011 and 10% at end-2008.
OCBC's subsidiary to acquire 5 companies from PacificMas Berhad
OCBC Capital Malaysia expects to acquire the target companies for a total amount of about RM450 million.
Hang Seng Bank joins Dow Jones Sustainability Asia Pacific Index
The lender is the first in Hong Kong to be recognized by the Global Reporting Initiative standards.
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Why Philippine banks, insurers embrace hyper-personalized services
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Insurance
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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