News
Aussie banks urged to improve funding to meet Basel III requirements
They're expected to lengthen their wholesale funding.
Aussie banks urged to improve funding to meet Basel III requirements
They're expected to lengthen their wholesale funding.
BoCom to allow conversion of Aussie dollar into renminbi
Conversion to begin in 2014 as part of the renminbi’s internationalization.
OCBC knocked off its top spot as the world's strongest bank
Guess which bank topped Bloomberg's list?
Thai banks' NIM 'remarkably stable' at 3% for 4 years
Loans were up 12.4%.
National Australia Bank cuts standard variable home loan rates to 6.13%
It's the lowest of the major banks for 46 months.
China gets tougher on renminbi speculation
New rules immediately cause renmnbi to fall against the US dollar.
Commonwealth Bank, Westpac cut interest rates by 0.25% for home owners
That is for standard variable home loans.
RHB and OSK complete merger
RHB Holdings Hong Kong is now a member of the RHB Banking Group.
SMBC launches commercial banking business in India
Says it was encouraged by India’s high growth potential.
Philippines sues Maybank affiliate for tax evasion
Philmay Property, Inc being sued for US$4.2 million in unpaid taxes.
Cut in CRR needed to benefit borrowers
Refinancing pressure prevents borrowers from benefiting from government rate cuts.
Philippines increases MBO deposit limits by 63%
Move intends to help promote financial inclusion in rural areas.
India launches first Islamic equity index
Provides a new benchmark for Islamic investors.
ANZ's profits jumped a measly 1% to US$3.04b
Improved results due to cost cutting and better Asian business.
BOCHK's pre-provision profit up 3% to HK$6,991m
Here are 3 key highlights.
HK and Singapore banks fear losing key staff
Nine in 10 banks and financial services firms also experience recruitment problems.
UOB's Singapore loan growth at risk of slipping from 10%
To just mid-single digits.
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