News

Singapore moved a step closer to getting a yuan-clearing bank after issuing full banking licences to two Chinese lenders.

This follows the success of Citi Mobile that surpassed 1m active users in September 2012.

The governor of Vietnam’s central bank revealed that there are groups or individuals manipulating local banks.

A textile tycoon has been arrested over allegations of involvement in Bangladesh's largest banking scam ever.

HDFC Bank will double to US$1.90 the fee it charges on cash payments made to settle credit card bills starting November 1.

With Taiwan's banking industry having become overcrowded, Taiwan Cooperative Financial Holding Co aims to shut at least five branches next year.

More Mlaysian financial institutions are aggressively mapping out strategies to provide agent banking services.

The Shariah unit of CIMB Niaga doubled its earnings in the first half as customers placed more funds, pushing upthe value of its assets.

Blame it on the souring relations between Asia's two biggest economies.

The jockeying for a share in Thailand's Bank of Ayudhya PCL now involves Singapore's largest bank and one of Malaysia's largest universal banks.

The HSBC Group is concentrating more in Malaysia and Saudi Arabia and less in Indonesia in its Islamic finance offering to customers.

Two of Japan's largest banks are heading the US$2.7 billion rescue of the bankrupt electronics giant.

Japan's Mizuho Financial Group admitted a securities valuation loss of some US$2 billion for the third quarter.

Vietnamese banks are focusing at smaller sources of income such as credit card service fees and interest rates on card payments due to sluggish demand for loans.

Maybank is looking to raise RM2.64 billion to further strengthen the bank's capital base.

Bangkok Bank will build brand awareness by revamping its retail banking business.