Retail Banking
DBS Bank to invest S$250m in private banking over the next 5 years
Its new platform targets high net worth individuals with investible assets of S$1.5m and up.
DBS Bank to invest S$250m in private banking over the next 5 years
Its new platform targets high net worth individuals with investible assets of S$1.5m and up.
Deutsche Bank strikes deal with China Merchants Bank
The MOU to boost German lender’s presence in Asia, particularly in China.
State Bank of India expects profit to exceed $2.08bn
Despite series of diminished profit in the previous quarters, the lender hopes to get $519.92mn second quarter profit.
Asia Commercial Bank eyes joining Vietnam’s top four
The lender’s chief targets to join the club in four years.
Singapore’s loan growth slowdown may be more severe, warns analyst
FY12 loan growth is forecast to be between 8% and 8.5% which is sharply lower than FY11’s forecast of between 16% & 20%, but it doesn’t stop there.
Philippines' total bank profits up 23% to $1.07bn
Robust operating income and disciplined expenses fuelled growth.
Prudential mulls increasing its 26% stake in ICICI
Indian government seen to allow foreign insurers to raise their stakes.
Suspension of savings banks to have limited impact on Korea’s banking system: analyst
As the savings bank sector accounts for roughly 5% of the national banking system, which is relatively too small for it to make a big enough impact.
Chinese banks beat their foreign counterparts with strong profits in 2010
Profits of city commercial banks and joint stock banks surged 55.05% and 46.81% respectively.
UOB is the best managed on liquidity risks among the Singapore banks
Its capital buffers are also the highest compared to OCBC and DBS.
Reserve Bank of India deems rate hikes necessary
DBS expects RBI to raise policy rates to 8.5% by December 2011.
HK to give grand welcome if UK banks transfer to ex-territory
Shareholder interest and profitability issues may force HSBC and other British banks to reconsider relocation.
Think tank laments South Korea’s uncompetitive financial industry
Industry urged to revamp governance and put determined effort on overseas expansion.
ICICI keen on foreign currency bonds
The bank is exploring fund-raising opportunities in currencies like the Swiss franc and the Japanese yen.
China punishes state banks for over-lending
China's central bank just took 20 billion yuan or $3 billion out of state-owned banks by forcing them to purchase packages of central bank bills.
Bank of China intensifies cooperation with Taiwan-based banks
Bank of China and Taiwan-based Hua Nan Bank and Chang Hwa Bank entered into the comprehensive business cooperation agreements.
ICBC posts over RMB100 B after-tax profit in H1
ICBC announced after-tax profit in the first half of 2011 of RMB 109.6 billion, up 29% year-on-year.
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