News

ANZ's profits jumped a measly 1% to US$3.04b

Improved results due to cost cutting and better Asian business.

HK and Singapore banks fear losing key staff

Nine in 10 banks and financial services firms also experience recruitment problems.

Top 3 Chinese banks report double digit earnings growth

Growth rate will keep slowing as margins ease, however.

BOCHK is best geared to positive CNH developments

Thanks to HKMA easing restrictions on offshore RMB.

Retail credit will continue to drive Indian bank growth

Demand from the corporate sector will continue to remain weak, however.

Maybank Singapore offers range of Islamic banking products

Shariah-compliant banking products to finance property acquisitions.

Only foreign banks doing retail banking will convert to PTs

New banking bill could also exempt foreign banks involved in wholesale business from this.