News

Three brokerages nominated Bank Rakyat Indonesia as their top pick for banking stocks due to strong profitability from its key businesses.

Bank Indonesia will revise credit card rules to require a minimum age and salary, capping the number of cards owned, limiting maximum interest rates and regulating the debt collection process.

The HCM City People’s Court has ordered Indochina Airlines to pay US 1.3 million dollars to the Asia Commercial Bank.

A fiscal funding will soon provide additional capital for China's cash-strapped banks.

The Export-Import Bank of Korea raised US$612 million by selling "Uridashi" bonds in Japan.

Bank of China will face the challenegs after being named one of the systemically important financial institutions or SIFIs by the Financial Stability Board.

DBS exceeded its expected net profits for the third quarter, but another Singaporean bank, UOB, posted lower than expected net profit.

ANZ Banking Corp. posted a 19 percent rise in annual profit to 5.36 billion Australian dollars or $5.54 billion.

Public sector banks are will not raise interest rates as they are convinced their customers will remain loyal.

An institutional caution has been issued and a fine of 54.5 million won or US$49,086 has been slapped against Kookmin Bank for breaching regulations on loans and personal data.

The Industrial Bank of Korea announced that its third-quarter earnings rose 12 percent from a year earlier due to an increase in interest income.

Bank Muamalat opened a branch in Taman D Lahar, Kota Putera, in Besut district.

AmInvestment Bank Group has launched a four-year close-ended fund that caters to investors looking for regular income and capital preservation.

“At the right time and right price, we’ll always be a buyer,” CEO Piyush Gupta said.

The bank’s non-interest income also declined 26% due to net trading loss.

You can well blame it on poor trading and investment income.