Retail Banking
Bank of Korea likely to proceed with policy normalisation
With inflation continuing to inch higher towards the pre-crises level, BOK is expected to proceed with its policy normalisation.
Bank of Korea likely to proceed with policy normalisation
With inflation continuing to inch higher towards the pre-crises level, BOK is expected to proceed with its policy normalisation.
QNB's Bank Kesawan acquisition concluded
QNB Group announced Thursday a conclusion of a rights issue process for its acquisition of Bank Kesawan shares. QNB now owns a controlling 65.59...
DBS plans putting up India subsidiary
DBS India will go retail with savings bank account, as it awaits RBI's final guidelines on foreign banks.
Woori, Shinhan, Hana bid for Samwha Mutual Savings
Korea’s regulator suspended Samwha’s operations for six months, after it failed to meet capital requirement levels.
ICICI Bank targets 500 branch openings yearly for 2-3 years
The lender’s CEO is set to be honored by the Indian government with the Padam Bhushan to recognize his leadership skills.
Competition regulator chief wants ANZ chief's prosecution
Samuel alleged Smith had engaged in price signalling when the latter said ANZ might increase its interest rates over and above the level imposed by...
Bank Rakyat Indonesia forecasts 2010 profit up 15%
Yet BRI’s $922mn estimated profit might fall second to Bank Mandiri’s $942.35mn.
Hua Xia Bank forecasts 50% 2010 earnings growth
Hua Xia Bank forecasts its 2010 net profit will grow 50 percent year-on-year from US$570.9 million in 2009.
ICBC to buy 80% stake in BEA US branch
Industrial & Commercial Bank of China intends to spend $140 million to acquire an 80 percent stake in The Bank of East Asia's American branch.
JP Morgan Chase ups stake In ICBC
JP Morgan Chase raised its stake in Industrial and Commercial Bank of China.
BOC launches yuan CDs in Macao
Bank of China’s Macao branch started sales of one billion yuan worth of yuan certificate of deposits. These are the the first yuan CD issued in...
Taiwanese financial holding companies to raise salaries
Companies to hike pay to up to 10% to employees who performed well.
National Australia Bank confronts $450mn class suit
The bank waits to see a statement of claim in the matter while it will vigorously defend the case.
Public Bank's pre-tax profit up 23%
The Public Bank Group recorded a pre-tax profit of US$1.34 billion for 2010. The figure represents a 23 per cent growth from 2009. The Group also...
Bank Of Nanjing forecasts 50% 2010 net increase
Bank of Nanjing forecasts that 2010 net profit attributable to shareholders may grow 50 percent year-on-year.
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