Retail Banking

China banking crisis inevitable: Andy Xie

When the property market busts, which it will, Chinese banks will see non-performing loans zoom to 20%, forcing a Chinese TARP.

China banking crisis inevitable: Andy Xie

When the property market busts, which it will, Chinese banks will see non-performing loans zoom to 20%, forcing a Chinese TARP.

StanChart appoints Sean Wallace head of client relationships

Sean Wallace has record performance in accelerating the growth of lender’s Corporate Finance business.

Affin shows interest in EON Cap takeover

Affin sees EON Cap takeover a possible opportunity to strengthen position in banking industry.

Philippine Bank of Communications equity sale goes on

Lender opted to look forward to divesting 67% of its equity even beyond March deadline.

EON Cap withdraws dividend payment plan

Board handed down decision to avoid reduction in $1.6bln offer price to HLB.

RHB interested in engaging in M&A

Lender sees possibility of the move within the year if it would give strategic advantage.

Council for Third Age & POSB launch Active Card

Singaporeans at least 45 years old are now further protected against fraud or theft while also enjoying healthcare privileges with the launch of the...

Sumitomo Mitsui targets buying stake in Chinatrust

Chinatrust aims to use Sumitomo’s $85mln investment for its expansion in the mainland.

SBI hires 18,000 to mutual fund sales force

Move can make lender India’s biggest mutual fund marketing machine.

Drawn-out acquisition talks may disrupt EON Capital business

Lender’s suitors need to hasten deal closure to avoid adverse investor sentiment and lowered staff morale.

Hatton, SIB agree to improve remittance flow

Hatton National Bank signed an MOU with South Indian Bank to improve the remittance flow to India and Sri Lanka.

EON Capital obtains approval for new directors

Bank Negara affirms EON shareholder’s appointment of 7 independent directors last Friday.

Moody's says Philippines banking system outlook stable

Rating attributed to banks' well preserved and deposit-funded balance sheets and improving domestic and global economy.

Bank Rakyat Indonesia to acquire Bank Agro

Takeover crucial to BRI as it beefs up its assets to become competitive in international market.

Bank Central Asia profit up 17% to $745mln

Improving net interest revenues and fee based income were drivers for lender's growth.

New Hong Leong offer for EON Capital seen

Analyst said selection of 7 new directors can revive HLB's bid to acquire EON Cap.

HSBC eyes Bank of Communication rights issue subscription

Move part of HSBC's plans to invest in China to capitalise on country’s 10.7% economic growth.