Retail Banking
National Australia Bank may divest Clydesdale Bank
The Australian lender wants to concentrate on its core businesses at home while selling the “deadweight” British lender.
South Korea to decide on $6bln Woori stake sale’s fate
Unfavourable market conditions and the loss of 2 potential candidates seen to further the sale delay.
DBS to acquire RBS China units
Move part of the lender’s plan to expand into China, South-East Asia and India.
Bank of East Asia launches rural bank in China
The rural lender to provide deposit taking, agriculture-related lending and capital settlement services to rural residents and SMEs.
ICICI Bank secures $1.5bln loan agreements with Chinese lenders
ICBC and China Development bank grant funding to help Indian companies fund imports from China.
Hang Seng Bank to open wealth management business in China
The bank seeks partner for wealth management, insurance and asset management through a joint venture or by buying a stake in another company.
Commonwealth Bank suffers file processing glitch
The technical malfunction affected about 5% of the bank's 11mln business and retail customers.
Maybank plans to issue 244.257mln new shares
The high level of reinvestment under dividend plan showed the confidence shareholders had in the bank.
KB Financial and ICBC in talks on investment banking JV
The Korean group seeks to diversify and strengthen its business portfolio by setting up investment banking.
Hana appeals for funding from Asian investors for KEB takeover
Hana woos financial assistance from China Investment Corp., China Merchants Bank, and Sumitomo Mitsui Financial Group Inc.
China Development Bank plans to set up Taiwan branch
Taiwan’s Cross-Strait Common Market Foundation that the number of Taiwan banking institutions that are approved to set up China branches has grown to...
ANZ to transfer more jobs offshore
The bank employs more Bangalore and Manila workers to take advantage of cheaper labor costs.
KB Financial steps up its restructuring efforts
The group’s spinning-off of its credit card unit aimed to improve competitiveness of its flagship banking unit.
BNP Paribas appoints Eric Raynaud Asia-Pacific Head
Raynaud 12 year experience includes contribution to the integration process of Fortis Banque SA/NV and BNP Paribas.
Malaysian banks extend double digit net gains
Malaysian banks continue their double-digit net earnings growth to a fifth straight quarter.
UBS appoints Lee Tien Cheng Taiwan Country Head
The lender wants to tap on Lee’s wealth of experience as executive in various Taiwanese banks.
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