News
Banks in Singapore warned against illegitimate funds
Banks in Singapore warned against illegitimate funds
Singapore alerted banks from the risk of receiving assets of tax evaders or the proceeds of criminal activities.
Moody’s says outlook for Vietnamese banks remain negative
It is concerned that the profitability and capital buffers of the banks will fall.
Mizuho to venture into Islamic Banking in Malaysia
Malaysia is giving out financial services licenses to foreign companies to boost banking industry competition.
Westpac to open 7 Bank of Melbourne branches
The move comes amidst renewed pressure to curb costs as many Australian lenders have seen their revenue decreased.
Maybank gains from concentrating on domestic growth
The lender’s strong deposit franchise seen as an advantage if funding remained tight.
State Bank of India seen to release overseas bonds
Yet the lender denied issuing a proposal to raise $5bn via offshore loans by December.
EastWest Bank targets 2012 IPO
Yet the realization of the move still depends on the health of US and European economy.
National Australia Bank plans to launch Jakarta office
The setting up of office will facilitate greater economic, trade and investment flows between Indonesia, Australia and New Zealand.
Chinese banks’ net profits surge 29% to an amazing $64.1b in 1H11
The Big-Four banks also disclosed that they made a total provision of $14.4b as of end 1H11.
Capital ratios of Australian banks to be more conservative under Basel III: Fitch
Full implementation of the new Basel III minimum capital requirements is scheduled for 1 January 2013.
UOB keen on China expansion and takeovers
The lender wants a long-term commitment in its growth in China without rushing things.
Westpac starts $1bn campaign to boost business
The bank intends to lend one billion dollars to local businesses in the next six weeks with perks and incentives.
Bladex picks Mizuho and Chang Hwa to arrange $165mn syndicated refinance
Mizuho has also arranged a number of other cross-border syndicated loans for its clients in the Americas last year.
ICICI Bank unveils second Singapore branch
The lender would further concentrate on enhancing its presence in the corporate, commercial and wealth management businesses in Singapore.
ANZ gears up to buy Aozora Bank
The lender believes Japan offers opportunities for the group as the Japan’s hefty savings could help transform the Australian bank's structural dependence on offshore borrowing.
Central Bank of India launches special deposit product
‘Cent Double’ scheme will give an annualised yield of 13.33%, valid between September 1 and December 31.
Westpac posts sluggish private credit growth
The lender’s senior economist said the 0.2% growth as "sub-par".
Commentary
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance