european banks to face tougher stress tests in 2018

European banks to face tougher stress tests in 2018

FRANKFURT AM MAIN: Europe's biggest banks will face the most stringent tests yet of their resilience against economic shocks this year, the European Banking Authority (EBA) regulator said on Wednesday (Jan 31).
local banks set to expand across country in early 2018

Local banks set to expand across country in early 2018

Many banks have planned to set up more branches and transaction offices in the early days of the new year to seize new business opportunities.
us fines deutsche bank ubs and hsbc over market manipulation

US fines Deutsche Bank, UBS and HSBC over market manipulation

US authorities on Monday (Jan 29) announced fines and charges against three major European banks and eight individuals accused of manipulating futures markets for precious metals.
top dutch banks government services hit by cyber attacks

Top Dutch banks, government services hit by cyber attacks

THE HAGUE: The top three banks in the Netherlands have been targeted in rolling multiple cyber attacks over the past week, blocking access to websites and internet banking services, they said on Monday (Jan 29).
banks must ensure smooth atm operations before tet

Banks must ensure smooth ATM operations before Tet

The State Bank of Viet Nam (SBV) will deal strictly with credit institutions if people cannot withdraw money from their ATM in the months approaching Tet (Lunar New Year) holiday.
new law set to help weak banks recover experts

New law set to help weak banks recover: experts

Some weak banks that are undergoing restructuring might get out of the worse thanks to unprecedented support measures under a new law, experts have said.
tapping into the potential of bancasurance in vietnam

Tapping into the potential of bancasurance in Vietnam

While remaining quite a nascent market in Vietnam, the contribution of the bancasurance channel to the total revenue of the Vietnamese insurance market has significantly increased in the past four years. Compared to other markets in Southeast Asia, there is a huge potential for both players—banks and insurers—in Vietnam to tap into the bancassurance development trend.
bad debts auctions on the roll

Bad debts auctions on the roll

In late 2017 and early 2018, thousands of billions of dongs were retrieved by domestic banks, giving off signals of a new bad debt market being born.
banks help low income earners

Banks help low-income earners

Commercial banks and financial companies are competing fiercely for a slice of the profitable personal-loan market as demand often rises sharply at the end of the Lunar New Year.
banks expect higher profits from retail banking services

Banks expect higher profits from retail banking services

Banks are investing significantly in retail banking services instead of only focusing on corporate lending in the hope of gaining higher profits from the potential segment this year.
law on credit institutions takes effect

Law on credit institutions takes effect

Many business people, who hold leadership positions at both banks and other firms, have decided to give up their positions in enterprises and keep the banking management positions to meet a new Government regulation.
uk construction firm carillion liquidates business thousands of jobs at risk

UK construction firm Carillion liquidates business; thousands of jobs at risk

LONDON: British construction and outsourcing services group Carillion announced its immediate liquidation Monday (Jan 15) after the heavily indebted company failed to secure a financial rescue from the UK government and banks.
foreign ownership limit drives investors from vietnamese banks

Foreign ownership limit drives investors from Vietnamese banks

Over the past three years, numerous foreign investors made noteworthy divestments at Vietnam-based commercial banks due to the inconsiderable ownership. 
shinhan bank ceo forecasts rise of retail banking

Shinhan Bank CEO forecasts rise of retail banking

Shinhan Bank Vietnam (Shinhan Bank) - one of the leading banks of South Korea, has officially took over the retail banking segment of the Australia and New Zealand Banking Group in Vietnam (ANZ Vietnam) to expand its payment services by utilising ANZ’s resources. Shin Dong Min, CEO of Shinhan Bank, addressed the acquisition of ANZ, the possible impacts of the transfer on ANZ’s existing customers, and personal opinion on the Vietnamese banking industry in 2017 and the time to come.
mobifone to offload stakes in two banks

Mobifone to offload stakes in two banks

State-owned mobile network operator Mobifone will offload its holding of 38.95 million shares in two joint stock commercial banks next month.