In Focus

ANZ targets ‘pretty aggressive’ growth in China: Chairman

Encouraged by a revenue jump of 80 percent in its last fiscal year, ANZ is targeting “pretty aggressive” growth in China.

What you need to know about loans in Singapore banks

UOB remains an analyst’s best pick being the least aggressive lender over the past 36 months.

Korea Exchange Bank’s profit suffer from pending buyout

The Bank posted a significant 63% drop in its 3Q11 profit after Lone Star Funds announced it would sell its stake to Hana Financial Group.

Asian banks hit by another round of massive job cuts

Credit Suisse and Nomura Holdings recently announced cost cutting, all the more proving Asia’s falling job market.

Japanese banks shift money into US to escape Euro crisis

The sovereign debt crisis in the Euro zone sure got Japanese banks worried.

Nomura Holdings to cut jobs in Japan

Nomura has plans to triple cost cuts to $1.2 billion after incurring its first quarterly loss.

Brisk loan growths in Singapore to ease in 2012 on fears of global uncertainties

Systemic loans in September surged 3.1% - guess which sector pulled the loans up?

China’s big banks to report record profits as bad-debt ratios shrank

Industrial & Commercial Bank of China’s net income surged 28% to 54.4 billion yuan.

Busted! Goldman Sachs ex-director Gupta screwed for fraud

And it’s not one, not two, but five counts of securities fraud plus one count of conspiracy - now isn’t that something?

Chinese banks may be stuck with record low valuations

Shares of China’s biggest banks fell an average 23% this year.

Regulatory requirement makes foreign banks in China race for cash

The Chinese Banking Regulatory Commission’s 75% loan-to-deposit ratio requirement is giving banks a tough time.

Mainland exposure to rise to 35% of Hong Kong banks by 2012

Concerns of rising exposure are indeed valid as HK banking assets' exposure was only 24% at end-June 2011 and 10% at end-2008.

Bad mortgages reach a whopping $69b since 2007

Blame it on JP Morgan’s recent disclosure of its $1.3b new expenses related to faulty mortgages and foreclosures.

Chinese government vigilant for ‘shadow bankers’

More than 80 businessmen mysteriously disappeared or committed suicide to avoid repaying debts to informal lenders.

Philippine banks to put PEACe bond tax in escrow

Eight local lenders asked the court to stop the government from imposing a 20% tax on interest income from Php35b worth of bonds.