Retail Banking
Westpac allots $100mln to boost retail division
Westpac allots $100mln to boost retail division
Move follows lender's appointment of 670 managers in an effort to increase division's competitiveness.
DBS to invest S$250mln in Asian treasury & markets business
Move underscores T&M’s ambition to be leading Asian currency and fixed income house following exponential growth.
HSBC’s Finance Director eyed as chairman candidate
Lender’s independent directors on a search for its chairman’s replacement as Green will join British government.
UOB Malaysia wants more privilege banking customers
Bank targets additional 4,000 elite customers by year-end and total of 50,000 by end of 2015.
China Merchants' Qin Xiao steps down as chairman
Former chair and president Fu Yuning poised to replace Qin, who resigned due to age.
UCO Bank receives government funding for lending business
Lender in no hurry for follow-on public offering despite clearance for FPO would not expire.
HSBC names Paul Bloxham Chief Economist Australia and New Zealand
Reserve Bank of Australia experience brings in strong understanding of Australian macroeconomic policy formulation to lender.
Mandiri selects six global banks for rights issue
Indonesian lender to choose two international selling agents to underwrite $1.5bln rights issue.
National Australia junks bid for Axa Asia
Regulator's blocking of NAB-AXA deal paved way for AMP offer as insurer remains strategically attractive.
Asia-Pacific banks suffering from decreasing customer loyalty
63% of survey respondents have more than one product outside their main bank.
SBI wants increase in public sector bankers' salaries
Echoes RBI's comment that PSBs might lose talent to private sector lenders behind poor compensation packages.
Mandiri may increase rates on central bank's policies
Mulls increasing lending rates to 15 basis points after August inflation figures reached a 16-month high.
Hong Leong Finance unveils first SME Center @ Branches
Company opens first full-service one-stop financial soutions centre at its City Square Mall Branch.
HSBC Group Chairman to step down
Stephen Green will leave HSBC Holdings plc to become UK Minister of State for Trade and Investment in January 2011.
Bank of Communications pursues to double profits
Lender to concentrate on low capital and high incomes operations to achieve goal.
HSBC Life ventures into bancassurance in China
Policies that are sold through HSBC and other banks amounted to $12.6mln and exceeded targets.
China Life targets control over China Minsheng
Insurer’s chairman said it will strengthen non-insurance core businesses, including assets management, banking, securities, and trusts.
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