In Focus
Citi makes $2.9B profit in Q1 with India, China stake sales
Citi makes $2.9B profit in Q1 with India, China stake sales
The sale of Citigroup stakes in India and China boosted the bank's revenue as it profited US$2.9 billion in the first quarter of 2012.
Temasek ups investment in Chinese banking industry
Singapore’s sovereign wealth fund casts a huge vote of confidence in China’s economy.
Chinese banks cut mortgage rates
Mortgage interest rates are falling in Chinese first-tier cities with the gradual recovery of the property market.
HSBC wants more business in India
India is on the top of HSBC's mind but laments the restriction of opening branches.
ING Commercial Banking Asia expands into Vietnam
It will open a representative office in Hanoi on May 7.
China hammers big banks again, warns of severe punishment
China is putting increasing pressure on state-owned banks to reform.
Siam Commercial Bank raises funds for expansion
Thailand's third-largest bank by assets is raising its outstanding bond ceiling by US$3.2 billion.
China lauded by IMF and WB for improved bank regulations
Chinese banks have made "significant improvements in risk measurement and risk management", according to experts of the IMF and World Bank.
DBS expands Indian operations
Southeast Asia’s largest bank wants to broaden its reach in India.
DBS bids to take over Bank Danamon
If successful, it will be the biggest bank takeover in Southeast Asia.
RHB Bank to concentrate on Singapore SMEs
Malaysia’s RHB Bank Berhad intends to fund small and medium-sized enterprises in Singapore to expand its business.
Malaysia’s Bank Rakyat with record profit
Malaysia’s largest Islamic cooperative bank focuses on personal finance and attains record operating figures.
Myanmar's open door policy attracts Thai banks
Thai banks are eyeing to operate in Myanmar when the latter's policy of opening to international banks takes effect on 2015.
Gulf States a gold mine for China’s top bank
The Industrial and Commercial Bank of China's assets and lending double, thanks to the booming demand for trade financing.
Bank Islam Malaysia admits to tougher 2012
Challenges facing Malaysia’s first Islamic bank will dent its bottom line this year.
United Bank of India to open office in Myanmar
A more business friendly environment in Myanmar convinces the United Bank of India to do more business there.
Deutsche Bank in massive wholesale banking investment
Deutsche Bank AG has reinforced the success of its banking operations in India with an equally large investment in future growth.
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