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JP Morgan Chase reports Q1 2013 net income of $6.5b

CBA posts profit of $3.68b for 1H 2013

UOB Group posts net earnings of $2.26b for FY2012

Maybank posts FY12 net profit of $1.85b, up 17.6% YoY

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Positive momentum expected to pave road ahead for Rmb internationalisation

Date: Nov 27, 2012
Author: Magessan Raj
Categories: China, Rmb, Singapore, Transaction Banking
Keywords: SWIFT, Standard Chartered Bank, RGI, China International Payment Platform, China Construction Bank, Marios Maratheftis, London

According to SWIFT data, the UK continued to expand its renminbi payments capabilities, whilst other countries, including Singapore, showed signs of decline.

London’s renminbi aspirations remains bright despite challenges

Date: Jul 05, 2012
Author: Baron Laudermilk
Categories: China, Payments, Rmb, Trade Finance, Transaction Banking
Keywords: Mark Boleat, London, UK, Beijing, Cross-Border Payments, Liquidity, Policy and Resources Committee

Mark Boleat, chairman of the Policy and Resources Committee for London, explains the challenges that London faces in its bid to become a global renminbi offshore hub.

Renminbi liberalisation gathers pace

Date: May 28, 2012
Author: Levina Lim
Categories: China, Rmb, Trade Finance, Transaction Banking
Keywords: HKMA, HSBC, Peter Zhang, Lu Shu Pui, Patrick De Courcy, Thierry de Longuemar, China, Hong Kong, London, Offshore Renminbi Centre, Foreign Exchange Market, Bond Market

Necessary infrastructure is now in place for greater liberalisation of the renminbi but the way ahead is not without technical and practical difficulties, with much dependance on the actions of international players.

London, Taiwan and Singapore grow as Rmb offshore hubs

Date: May 08, 2012
Author: Baron Laudermilk
Categories: Hong Kong, Rmb, Singapore, Taiwan, Trade Finance, Transaction Banking
Keywords: London, International Transactions, Foreign Exchange Transactions, Economic Cooperation Framework Agreement, Currency Trade Swaps

Accounting for 46% of renminbi foreign exchange transactions and 30% of payments sent and received outside of Hong Kong and China in 2011, London is gaining strength as an offshore hub for the currency.

Waking up to progression of the renminbi

Date: Feb 03, 2012
Author: David Sear
Categories: China, Hong Kong, Payments, Rmb, Trade Finance, Transaction Banking
Keywords: Offshore Trading Hub, Chinese Government, George Osborne, London, Bank of China Hong Kong

David Sear, chief operating officer for Western Union Business Solutions, looks at the internationalisation of the renminbi and its implications for global SMEs who trade with China.

Islamic finance still lacks unity of purpose

Date: Mar 07, 2011
Author: Tun Musa Hitam
Categories: Financial Institutions, Islamic Banking, Regulation
Keywords: Malaysia, Singapore, London, Ethical Finance, Socially Responsible Investment, Tun Musa Hitam

Islamic finance may be the answer to shock-resistant banking, however a proper framework governing all aspects of the sector needs to established immediately, says Tun Musa Hitam, chairman of the World Islamic Economic Forum.

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