News

Check out UOB's paperless electronic account opening service

You can now open an account in just 15 minutes.

Citibank aims to become Asia’s top digital bank

More clients discover the convenience of online and mobile banking.

India to regulate incentives for bank staff

Aims to prevent a recurrence of money laundering and tax evasion.

China in serious danger from shadow banking

Billionaire American investor George Soros says China has a few years to control shadow banking risks.

Maybank Singapore launches Shariah-compliant banking products

Products to finance residential and commercial and industrial properties in Johor, Melaka, Kuala Lumpur and Penang.

ICBC funds South African renewable energy projects

China’s largest bank signs US$2 billion financing agreement.

Direct bank trading of renminbi and Australian dollar imminent

Test run of direct trading at banks currently ongoing.

Indian banks to disclose 5.35% plunge in profits

Bank of America-Merrill Lynch report says state-run banks to be hardest hit.

BDO aims for 800 branches in 2013

Branch expansion a hedge against tougher regional competition.

Local Chinese government debt could really be US$3.2 trillion

Amount owed banks in 2011 is double official estimates.

India to impose new accounting standards on banks

International Financial Reporting Standards to be implemented in 2016.

RBI considers new interest rate cut

It’s needed to push India’s economic growth to 8%.

HSBC and BoCom sign renminbi business deal

Memorandum of understanding covers cross-border renminbi business cooperation.

Japanese Big Three megabanks aiding Myanmar

Provide assistance to government agencies and others on managing infrastructure loans.

ICBC to acquire stake in major Taiwan bank

Industrial & Commercial Bank of China Ltd. plans to buy 20% of Bank SinoPac.