Retail Banking
India’s public sector bank employees defers strike
The employees’ union wants to coincide strike with the opening of Parliament session in August to protest on
India’s public sector bank employees defers strike
The employees’ union wants to coincide strike with the opening of Parliament session in August to protest on
Maritime Bank to settle foreign currency transaction for EVN
Maritime Bank will settle foreign currency transactions for Electricity of Viet Nam subsidiary, Northern Power Company, and arrange capital for the...
VIB expects gross profit increase of 76%
Vietnam International Bank expects its gross profit to jump 76 percent this year to nearly 1.85 trillion dong or $90 million.
Smaller players catching up with China’s big four
The big four have seen their share of all local retail deposits slide from 66% in 2004 to 58% in 2011.
RHB Capital targets taking over CIMB
Should the deal take place, it would generate a combined market value of $28.5bn.
Bangla banks financing SMEs, agri required to utilize solar energy
The Bangladesh Bank made it mandatory for banks which want to finance the SME and agricultural projects to set up solar power panels for providing...
China regulator hunts down abusers of wealth products
CBRC banned commercial banks to offer very high rates to attract deposits disguised as wealth management products.
India’s public sector banks take steps on strike
Bank unions gave a strike call against India’s move to dilute its equity in banks and give foreign investors additional voting rights.
Shenzhen Development Bank mulls raising funds via private placements
The lender joins rivals in capital raising to comply with governments stricter requirements.
Westpac keen on securing CNY license
Westpac's ability to tap the booming trade between Australia and China will strengthen if CBRC grants the license.
2 Australian banks outsource 250 jobs overseas
Westpac and ANZ’s move that has cut jobs in mortgages operation and debt collection is condemned by FSU.
2 Korean private equity funds plan bidding for Woori
Vogo Fund and MBK Partners had revived their interest after their attempt was halted in the last year’s bidding because of tepid investor interest.
BoCom favoured winner in Shanghai Securities takeover bidding
The lender seen to outclass five rivals in acquiring the company’s 66.67% stake.
Singapore’s big 3: New capital rules no big deal
Robust capital and financial standing of DBS, OCBC and UOB make them easy to comply with the new MAS ruling.
Woori targets purchase of 4.9% stake in Hanmi Financial
Following the foiled takeover, Woori resorted to buy shares at public offering price as Hanmi Intends to use proceeds to grow its bank.
StanChart Philippines to choose partner for bancassurance business
The lender is In talks with potential partners besides PruLife to complement its roster of services for the country’s elite.
China Construction Bank to divest Baotou Group stake
CCB plans to sell shares of the company with largest rare earth production and research base in China with appraised value of $110.48mn.
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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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