Postal Savings Bank of China (PSBC, China Postal Savings Bank) is a commercial retail bank, which provides basic financial services, especially to small and medium-sized enterprises (SMEs), rural and low income customers. As on December 31, 2010, the Bank had a network of 40,000 branches covering all regions of China.
The Postal Savings Bank of China was incorporated in March 2007, succeeding the the former Postal Savings and Remittance Bureau of the State Post Bureau.
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No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters