Retail Banking

China Development Bank plans to set up Taiwan branch

Taiwan’s Cross-Strait Common Market Foundation that the number of Taiwan banking institutions that are approved to set up China branches has grown to...

China Development Bank plans to set up Taiwan branch

Taiwan’s Cross-Strait Common Market Foundation that the number of Taiwan banking institutions that are approved to set up China branches has grown to...

ANZ to transfer more jobs offshore

The bank employs more Bangalore and Manila workers to take advantage of cheaper labor costs.

KB Financial steps up its restructuring efforts

The group’s spinning-off of its credit card unit aimed to improve competitiveness of its flagship banking unit.

BNP Paribas appoints Eric Raynaud Asia-Pacific Head

Raynaud 12 year experience includes contribution to the integration process of Fortis Banque SA/NV and BNP Paribas.

Malaysian banks extend double digit net gains

Malaysian banks continue their double-digit net earnings growth to a fifth straight quarter.

UBS appoints Lee Tien Cheng Taiwan Country Head

The lender wants to tap on Lee’s wealth of experience as executive in various Taiwanese banks.

Taiwanese finance companies bid for AIG's Nan Shan

Chinatrust Financial, Cathay Financial, Ruentex Group and Fubon Financial to bid for AIG's 97.57% stake in Nan Shan.

China banks still encountering big risks despite going global

Chinese banks are seen to accelerate overseas expansion by boosting marketing strategies and providing services and financial instruments for high...

Bank of Philippine Islands launches online solution for SMEs

The Internet-based cash management solution delivers services to clients who need to constantly improve efficiency.

Bank of Baroda to add 900 branches and recruit 7,500

The global financial crisis spurred the bank to grow its local and international business operations.

Maybank to inject $50mln into its Philippines unit

The additional capital will be used for offering more loans in the country.

Bank of Beijing and Taiwan Business Bank ink MOU

The TBB encourages its major clients in China to apply for $14.06mln loans from the BOB.

Search is on for 8 public sector bank chiefs

Indian government kicks off move to replace chiefs of 8 banks that will retire next year.

Indonesian regulator grants Maybank extension to cut BII stake

Bapepam gave the Malaysian bank until June 1 to divest BII stake which it bought for pricey $2bln.

Korea Exchange Bank workers union rejects Hana takeover

Employees fear Hana Bank’s lower profit compared to KEB may spread to the latter.

ICICI Bank terminates special mortgage offer

India's central bank is discouraging "teaser loans" due to a higher risk of delinquencies.

Bank of America’s Asia revenue up 30%

The US bank regains its focus to revitalize its Asian presence by advising on mergers and acquisitions in the region.