Retail Banking
Bank of America divests CCB stake for $3.3bn
The sale has quelled fears that BoA’s shares would be dumped into the market.
Bank of America divests CCB stake for $3.3bn
The sale has quelled fears that BoA’s shares would be dumped into the market.
ABC celebrates Jiangsu Branch's over RMB 1 trillion deposits
Agricultural Bank of China's Jiangsu Branch registered deposits of RMB1,025.1 billion in June, accounting for 15.2% of the total deposits of Jiangsu...
AsiaPac banks are determined to beat their European rivals
Asian-Pacific banks have made steady progress in closing the operational excellence (OpEx) gap and are determined to overtake their European rivals...
Thailand names Krung Thai Bank as $1.7bn savings bonds sole distributor
Minimum investment for the bonds is $33.39 while the maximum is $33,392.
India central bank mulls imposing 49% overseas ownership cap for new lenders
RBI may also enforce new lenders to meet a minimum capital requirement of $109mn.
Bank of India mulls raising $200mn via foreign debt
The proceeds to be used to fund overseas expansion.
StanChart Korea bank workers end strike
About 2,500 unionised workers stopped work June 27, saying that the new system was just aimed at cutting labour costs.
Hang Seng Bank appoints Nixon Chan as head of retail banking and wealth management
Donald Lam was also appointed as head of corporate and commercial banking.
HLB-EON merger to produce long term benefit, says research
Analysts are upbeat that the new merged entity between Hong Leong Bank and EON Bank will benefit in the long run.
BOA to sell $8.3B worth of China Construction Bank shares
Bank of America will sell around 13.1 billion common shares of China Construction Bank Corporation to generate approximately 8.3 billion dollars of...
RHB Cap profit climbs to $132.27mn
Higher profit was attributed to higher net interest income, other operating income, income from Islamic banking business and impairment writeback on...
China banks post impressive first half profits
Most of the 10 lenders had over 30% net profit rise in the same period.
Asia United Bank profit drops 30% to $12.48mn
The lender’s non-interest income income from trading and trust and fee-based profits, income from securities trading and earnings from foreign...
HLB posts 12.5% increase in fiscal year net profits
Hong Leong Bank Bhd overcame a slashed fourth quarter profit to end the financial year with an increased net profit.
Korean banks increase BIS capital ratio in Q2
The capital adequacy ratio of South Korean banks edged up in the second quarter on account of solid earnings.
Union at StanChart First Bank to stage slowdown
The labor union at SC First Bank said will continue to oppose the bank's move to adopt a merit pay system.
Bank of China profit up 28% to $10.4bn
The lender said its net interest margin has improved and has the potential to widen.
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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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