News
China banks' June net forex sales plunge 62%
Dramatic drop suggests accelerating capital outflow.
Financial products in Chinese banks stand at US$1.6 trillion
Indicates growing innovation among Chinese banks.
DBS partners with ACI Worldwide for first-of-its-kind corporate online banking platform
DBS IDEAL 3.0 now gets empowered by ACI.
Indonesian banks warned of an imminent funding cost pressure
Banks may be more nervous to fund credit growth.
Standard Chartered China completes RMB2.7b cross-border lending deal
It's the first deal post-PBOC's circular.
Malaysia launches mobile payment channel
MyMobile will eventually be interoperable between all banks.
Singapore fines 22 financial firms for money laundering
Restricts operations at seven others.
Check out which banks won at the Asian Banking and Finance Awards 2013
Nearly 200 senior bankers graced the awards night in Singapore.
China will scrap ABS quota for banks
Desperate need to provide more credit for weak economy.
KDB raises Euro 200 million
Taps existing Euro 500 million issuance.
Bank Indonesia’s first FX swap auction oversubscribed
Takes in US$1.24 billion.
CIPS to debut in Shanghai in 2014
3Part of campaign to internationalize the RMB.
Eight Chinese banks accept payments made using NFC
Smartphones need an app called “Wallet” to use NFC.
Big Four state-owned banks are world’s richest
Dominate list of banks with highest net interest income.
BTMU strengthens Islamic finance services in Malaysia
Japanese bank pioneers in offering Islamic products and services.
India hikes interest rates again
Part of frantic effort to stop rupee’s plunge.
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