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HSBC continues retail banking restructuring

27 Jan 12 | The banking giant sells off four units in just two days. Read ››

European funds to continue retreat from Asia

FOREIGN EXCHANGE | An almost desperate need to bolster their balance sheets will ensure European banks will continue to lose leverage in Hong Kong and the rest of Asia. Read ››

Leading Philippine bank to go on M&A spree

Rizal Commercial Banking Corporation wants to buy more Philippine banks with nearly P5 billion. Read ››

South Indian Bank posts 36% rise in net profit

 South Indian Bank reported a 36% net profit increase to Rs 102 crore in the quarter till December 2011. Read ››

European banks slow down lending in ominous omen

European banks have begun lending less to Hong Kong in December, fueling fears the Eurozone contagion could be worsening. Read ››

Punjab National's total business reaches Rs 6.21 lakh crore

Punjab National Bank revealed that its total business reached Rs 6.21 lakh crore at the end of the third quarter of fiscal 2011-12. Read ››

South Korean banks post record FX turnover

South Korean banks post record FX turnover

South Korean banks are riding the wave of the country’s first-ever trade volume of US$1 trillion. Read ››

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MasterCard expands regional headquarter activities in Singapore

The Singapore headquarters will act as a command and control center for intellectual property management, brand management, and to spearhead and manage regional growth. Read ››

HSBC seen to sell its Japan retail-banking unit

Sources said HSBC Premier could be shut if offers aren’t attractive. Read ››

PNB awaits India regulator’s approval on Metlife deal

The lender invokes right to secrecy on its details and strategy on the deal. Read ››

RBI: cash reserve ratio is more than a liquidity tool

The 50 basis points cut in the cash reserve ratio by the RBI was described as "dovish" by a senior bank official.   "The RBI has adopted a more dovish policy stance than anticipated by most in the markets by cutting the CRR by an aggressive 50 basis points to 5.5 percent. Read ››

Structure of shareholdings at MHB set to change further

Vietnam's PM has issued a Decision adjusting the chartered capital and structure of the chartered capital of Mekong Delta Housing Development Bank. Read ››

PEOPLE »

New directors appointed for CIMB Bank, CIMB Islamic

CIMB Group announced the appointment of new directors at CIMB Bank and CIMB Islamic Bank. Read ››

Summoned chairman of suspended Korean savings bank commits suicide

Ace Mutual Savings Bank chairman Kim Hak-heon was found dead by his relative. Read ››

AgBank and CCB appoint chairmen

Reshuffle in China’s financial leadership brought about appointment of Jiang Chaoliang as Agbank chair and Wang Hongzhang as CCB chairman. Read ››

BofA appoints Killingback head of Asia mergers advisory

Bank of America Corp. named David Killingback head of mergers advisory for the Asia-Pacific region outside Japan. Read ››

International trade finance to boom in Asia in 5 years

International trade finance to boom in Asia in 5 years

Banks will have to intensify their transaction banking platforms as Asian businesses do more cross-border trade, says HSBC's Noel Quinn.

by ROXANNE UY
Asian banks brace for a tenfold surge in regional trade flows

Asian banks brace for a tenfold surge in regional trade flows

HSBC's Noel Quinn says lacklustre trade between Asia and partners in Europe and US may cause capital flows in Asia to increase ten fold - but by when?

by ROXANNE UY
How will the EU crisis affect Asian banks in 2012?

How will the EU crisis affect Asian banks in 2012?

Macquarie Securities' Ismael Pili and HSBC’s Noel Quinn reveal their outlook for the Asian market in 2012.

by ROXANNE UY
BUSINESS SCENE PHOTO GALLERY
Membership Agreement With Bancnet
Membership Agreement With Bancnet
01 December 2011 at Equitable Tower, Paseo de Roxas, Makati City, Philippines
ABF Retail Banking Awards 2011ABF Retail Banking Awards 2011
20 July 2011, Shangri-La Hotel Singapore
 
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