Retail Banking
Job cuts and outsourcing in Westpac loom
The move will likely boost the lender’s productivity and reduce cost as it expect slow growth period to extend.
Job cuts and outsourcing in Westpac loom
The move will likely boost the lender’s productivity and reduce cost as it expect slow growth period to extend.
State Bank of India has $354mn direct exposure to EU market
Yet the state-run lender stressed that it has no exposure to the region’s sovereign bonds.
MBK Partners faces two rivals in bidding for Woori
Goldman Sachs and Canada Pension Plan joined MBK in its attempt to seal South Korea’s biggest banking privatization deal.
Indonesia central bank: Curbing foreign investment not our intention
Bank Indonesia’s bank ownership limit aimed to foster good governance in banking after fraud cases surfaced.
Minsheng Banking first half profits up 57%
Rising incomes from loans and fees pushed China Minsheng Bank's first-half profits up by surged 56.98 percent.
Malay banks resilient to US, Euro financial crisis: Maybank CEO
Maybank President and CEO Datuk Seri Abdul Wahid Omar says that the Malaysian banking sector will not be affected by the on-going financial and debt...
Bank of America finds difficulty in divesting CCB stake
Once valued at $20bn, the BofA stake is now seen to be worth several billion dollars less.
OSK-UOB starts offering Taiwan opportunity fund
With a minimum investment of $336, the fund gives investors opportunities to benefit from Taiwan’s economic growth.
Indonesia central bank bans M&As in domestic lenders
The country’s banking industry has been thrown into confusion since Bank Indonesia mulls new limits on bank ownership.
Central Bank of India and Chola MS General Insurance join forces
The bancassurance tie-up will offer simple and technology-enabled customized products.
Phillipines central bank: Lenders still stable amidst uncertainty
The BSP attributes low incidence of problem loans to the adoption of prudent lending standards.
Metrobank first half profit up 45% to $144.04mn
Metrobank’s profit is catching up with that of the industry leader BPI, which amounted to $146.4mn.
Bendigo and Adelaide Bank profit up to $342.1mn
More than 90% of the bank's on balance sheet funding comes from retail deposits.
UOB profit up 5.6% to $525mn
The lender warns of riskier times ahead for Asia amidst global economic uncertainties and volatility.
IFC seeks new investor in Bank of Shanghai
IFC already sold its 7% stake in the lender while HSBC plans to divest its 8% stake.
Prosecutors seek repatriation of Busan Bank's lobbyist from Canada
South Korea's prosecution will speed up the repatriation from Canada of a key lobbyist for Busan Savings Bank to probe his role in a massive...
Indian Overseas Bank to raise Rs 3500 crore for 3-year expansion
Indian Overseas Bank will be raising up to Rs 3,500 crore in core tier-I capital over the next three years to fund expansion.
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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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