05/12/2016

CS sees boostinhiring for Asiawealth management,IB

The Asia Pacific chief executive of Credit Suisse, Helman Sitohang, said in a conference call on Thursday that the bank is to increase its headcount in the region as it hires wealth managers and adds selectively in the investment bank.

05/10/2016

CBA posts third quarter profit of $2.3bn

In the 31 March 2016 quarter, CBA saw its loan impairment expense climb higher to $427 million, equating to 25 basis points of gross loans and acceptances for the quarter.

05/05/2016

IndusInd Bank hopes to make more profit in rural India

The bank is well on its way to achieve its 1200 branch network by March 2017 as it has already got an active network of 1000 branches as of March 2016. But Sobti said despite digitisation, the bank will continue to add branches.

05/03/2016

UBS Profit Misses Estimates on Lower Wealth, Trading Income

Chief Executive Officer Sergio Ermotti, 55, who has shifted the bank’s focus away from investment banking in favor of wealth management, is struggling with market volatility that led to a slump in trading across the firm.

05/03/2016

DBS WM revenues rise over 40%

DBS’ wealth management division has posted a substantial 47% quarter-on-quarter increase in net fees and commission income for the arst quarter of 2016

05/03/2016

ANZ posts biggest earnings drop since 2008

The big earnings drop at ANZ, the only major Australian bank with a large presence in Asia, also comes in an election year when banking sector misconduct is a hot issue following a series of scandals including insurance fraud and rate rigging.

05/02/2016

Westpac net profit up 3pc

Income from BT Financial Group reduced by 2% from the previous six months, which Westpac said was due to lower markets and the partial sale of BT Investment Management.

05/02/2016

Citi Indonesia posts profit

The bank also set aside a minimum capital requirement of 28.86 percent as of March, the company said in a statement.

05/02/2016

Security Bank Net Income Down 12% In Q1

Security Bank Corp. posted a P3-billion net income in the first quarter of the year, down 12 percent from P3.36 billion a year earlier due to lower extraordinary trading gains.

04/29/2016

Nbp records 23 percent growth in profit

Pre tax and after tax return on equity stand at 22.6 percent and 14.8 percent respectively; whereas pre tax and after tax return on assets are at 1.5 percent and one percent respectively.