In Focus

ANZ cuts jobs to preserve bottom line

Despite a Q1 performance it described as “solid with good results,” ANZ will axe over 1,000 more jobs in anticipation of a worsening of the malaise affecting world banking. Read ››

China's bank lending drops by almost a third in January

Fear of inflation is keeping bank lending in check in a big way. Read ››

JGBs could imperil Japan by 2016

Mitsubishi UFJ Financial has identified 2016 as the year where things could go from bad to worse for Japan. Read ››

The Mainland finally branches into Taiwan

Two of China’s top five banks are to establish branches on Taiwan, becoming the first Mainland lenders to bank on the island. Read ››

Government-owned bank in Philippines’ biggest public issuance

Land Bank of the Philippines said it raised P10.5 billion from the sale of Tier-2 notes. Read ››

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 ››

Philippines faces volatile banking crisis

The Philippines’ financial system isn’t as immune to the worsening Eurozone debt crisis as it thinks it is. Read ››

Malaysia's CIMB to break into Philippine banking by March

CIMB Group Holdings Bhd will finally achieve its bridgehead in the Philippine banking industry within the next two months. Read ››

RHB Capital, OSK seek merger approval

RHB Capital Bhd and OSK Holdings Bhd have submitted an application to merge. Read ››

Japanese banks take IMF stress tests to counter future failure

Japan’s burgeoning debt, now equal to about twice the country's annual economic output, focuses sharp attention of the vulnerabilities of Japanese banks. Read ››

Major South Korean banks flood Asia

Expand or die. South Korea’s four leading commercial banks have begun an aggressive expansion into Asia’s emerging markets this year. Read ››

Sumitomo Mitsui Financial Group to buy European lenders' assets

Japan's second biggest bank received $90b in offers from European banks. Read ››

Malaysia to permit more foreign bank ownerships

The country seeks to triple its financial sector by the end of this decade. Read ››

What you need to know about Singapore banks

So loan growths are expected to moderate significantly in 2H12, but which bank remains a relative outperformer in uncertain times? Read ››

Will UBS and Citigroup be punished in Japan?

Their employees allegedly asked bankers to change rates they submit for setting Tibor to gain an advantage. Read ››

Singapore banks slash job perks for expats

Blame it on supply and demand as more senior bankers now want to have Asia experience on their CV. Read ››

RHB Capital may issue stocks to pay for OSK Holdings

RHB may issue new shares equivalent to as much as 10 percent of its existing equity to pay for the unit, according to Bloomberg. Read ››

Singapore banks warned on threats from foreign currency loans

The central bank warns of a sudden spike in global risk aversion that can hurt the Singapore banking system. Read ››

Temasek and Khazanah hire banks for S$5b property development loans

Eight lenders will contribute to the five-year bullet facility, according to Bloomberg. Read ››