Retail Banking
UBS expects positive net profit in Q3 2011 despite unauthorized trading fiasco in September
The bank will report a gain on the sale of treasury-related investments of approximately CHF 0.7 billion in Wealth Management & Swiss Bank.
UBS expects positive net profit in Q3 2011 despite unauthorized trading fiasco in September
The bank will report a gain on the sale of treasury-related investments of approximately CHF 0.7 billion in Wealth Management & Swiss Bank.
BPI microfinance bank taps microinsurance business
3 BPI units join forces to deliver insurance products to low-income earning Filipinos
Hua Nan inks deal with China Merchants Bank
The Taiwanese bank seeks to benefit from MOU with the Chinese bank to expand its operations in the Mainland.
BPI launches investment service for overseas Filipino workers
With Investment 3.0, the lender provide online platform for investment opportunities though they are away from home.
South Korean banks amass $2.7bn Q3 profits
Lenders are trying to increase interest rates on loans while cutting deposits rates.
Mega ICBC opens in Cambodia
Taiwan's Mega International Commercial Bank opened its first branch in Cambodia to attract more Taiwanese investors in the kingdom.
Hong Kong banks suffer from liquidity and credit quality risks
The banks were somewhat reliant on strong loan growth but though loans for domestic use have grown, almost 25% of the total loan book is now for use...
Citigroup faces another major whammy in Japan
Will the group's investment trusts cause its third major punishment in Japan in 7 years?
Chinese banks' profits surged 34.5% to RMB 899.09b in 2010
Total assets also increased by 19.9% to a whopping RMB 95.3 trillion as of end-2010.
CIMB Group acquires 70% of SICCO Securities Public Company in Thailand
The total cash consideration was THB767,907,519.20 or approximately RM78,426,395.
People's Bank of China a 'beacon of stability', says analyst
The recent PBoC fixes may have played a role in stalling the powerful bid for USD-AXJ amid liquidation dynamics in emerging markets.
Bank Rakyat expects profits to reach RM2 B
Bank Rakyat expects its profit before tax and zakat to reach RM2 billion for its current financial year ending Dec 31, 2011.
Rough times ahead in Australia banking system
Yet Prime Minister Julia Gillard stressed local banks have only marginal exposure to the euro-zone woes.
Vietinbank gains VND4.4T profit before tax in Jan-Aug
VietinBank-CTG gained 87% of the year's profit plan based on its recently released report on performance for the first eight months of this year.
Saigon Bank allowed to hike chartered capital to VND3.5T
The State Bank of Vietnam’s governor Nguyen Van Binh approved Saigon Bank's application to scale up its chartered capital in 2011.
AmBank Group to introduce ANZ's Signature Priority Banking
AmBank Group and ANZ have signed an MoU to introduce ANZ's Signature Priority Banking service to AmBank and AmIslamic Bank's affluent retail banking...
Bank Islam targets 100,000 depositors for junior account
Bank Islam Malaysia Bhd expects to attract 100,000 depositors and deposits of RM50 million within the first year of the launch of Al-Awfar Junior...
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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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