Retail Banking

Westpac, St.George merger yields below expectations

Westpac head still optimistic on bank's performance next year as economic conditions improve.

Westpac, St.George merger yields below expectations

Westpac head still optimistic on bank's performance next year as economic conditions improve.

Richard Hill appointed new CEO of StanChart South Korea

Standard Chartered's chief financial officer in South Korea will replace retiring chief executive next month.

India seeks legislation downsizing stake in State Bank

Selling of shares aimed to raise funds to maintain bank's 12 percent capital adequacy ratio.

Shinhan, Korea Exchange Bank Q3 profits soar

Cost-cutting scheme of two banks has been proven effective in reducing bad loans.

Moody’s: Chinese banks want life insurers

Chinese commercial banks will increase investment in life insurers in view of the strong growth potential in the Chinese insurance sector.

Maybank welcomes partnership with Turkish bank

Maybank limits its collaboration with Bank Asya on trading and products but not in buying stakes.

Fubon customers to enjoy China Life products

A series of China Life Insurance will be made available to Taiwanese and Hong Kong customers of Fubon Bank through its 22 branches in Hong Kong. A...

Major Australian banks to reposition brands

Skyrocketing lending margins push banks to get closer with their customers through rebranding.

HSBC hunts for new acquisitions in emerging markets

HSBC wants to capitalise on the growth of investments in China, India and Malaysia.

Bangkok Bank ups profits by 3.6%

Bangkok Bank recorded a net profit for the three months to 30 September 30 of US$149.4 million.

China Bank group opens 3 branches & relocates others

China Bank's simultaneous opening of two new branches brought its branch count to 227. The opening of the Novaliches-Zabarte and N. Domingo branches...

South Korea to sell Woori Finance shares for $740 million

According to Reuters, Woori Finance is currently 73 percent owned by the South Korean government.

Reserve Bank of India says Islamic banking ‘not feasible’

LIC has set up a team looking into Islamic products. However, a Reserve Bank of India study has recently concluded that Islamic banking may not be...

UOB wants to chop insurance arm

According to Top News, The move is a clear indication of increased optimism among executives, who are looking at terminating the business.

HSBC sees new opportunities in China under CEPA 6

HSBC might expand in Guangdong after the China Banking Regulatory Commission readies for processing Hong Kong banks' applications to open sub...

HSBC to offer Hang Seng Structured Investments

Hang Seng’s strong capital position prompts HSBC to woo investors to take part in the former’s growth potential.     Body:  HSBC Bank Malaysia Berhad...

ICICI banks on infrastructure lending to boost growth

Chanda Kochhar, managing director and chief executive officer, said at the sidelines of a seminar on micro, small and medium enterprises (MSME):  “A...