Retail Banking
BOC launches yuan CDs in Macao
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.
Bangkok Bank reports 2010 net of $808M
Bangkok Bank and its subsidiary companies have reported a net profit of US$808 million for 2010, 19.9 percent higher than in 2009.
Siam Commercial fourth quarter profit up 26%
Thailand economic growth seen to boost the bank's loan demand in 2011.
BoCom to raise $758mn for renminbi investment fund
The bank’s BoCom International Holdings (Shanghai) Co. will manage the fund that will further diversify its business.
China banks to issue subordinated bonds on financing pressure
Bank of Beijing, China Minsheng, Agricultural Bank of China (ABC) and the Industrial Bank issued bonds to supplement capital adequacy ratio.
Bank of East Asia starts offering derivative warrants
The lender committed to launching new investment products to keep pace with market developments and to enhance non-interest income.
Westpac’s CEO set to testify at senate competition inquiry
Gail Kelly is expected to follow her rivals to argue that Australian retail banking competition is strong.