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5th Annual Bancassurance Forum 2012


Briefly

January 19, 2012 Bank of America reports fourth quarter 2011 net income of $2 billion, compared with net loss of $1.2 billion in fourth quarter 2010.

January 18, 2012 Goldman Sachs reports net revenues of $28.81 billion and net earnings of $4.44 billion for the year ended December 31, 2011.

January 5, 2012 ZKB, the largest cantonal bank in Switzerland, told US customers it was closing their accounts.

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Press Release :: Industrial and Commercial Bank of China (ICBC)

Logo Industrial and Commercial Bank of China (ICBC)ICBC was celebrated as the «Best Corporate Citizen 2009» during the «China's Corporate Citizenship Forum 2009 & 6th China's Best Corporate Citizenship Award Ceremony» organized by 21st Century Business Herald and 21st Century Business Review. This was the second year that ICBC received the Award.

The survey on «China's Best Corporate Citizen» initiated by 21st Century News Group was the earliest poll conducted on «Corporate Citizen» in the country, and also one of the most influential corporate social responsibility awards in China. This year's review lasted for 6 months and covered all the companies and institutions in Mainland China. Out of them, the judging panel chose 500 candidate enterprises through rigorous analysis and screening. Under the principles of prudence, fairness and justice, the list of 30 winners was finalized by going through the Assessment Scheme of China's Best Corporate Citizen and this year's topical theme of «Learning-based Corporate Citizen». ICBC stayed ahead of all other companies and won the «Best Corporate Citizenship» Award.

In terms of social responsibility, ICBC has raised its standard in information disclosure over the past few years. ICBC has gained wide recognition from mainstream media and the public on its corporate citizenship image, proven by many awards received as «People's Social Responsibility», «Best Corporate Social Responsibility» and «Most Harmoniously Competitive Listed Company of China», etc.

Source: Industrial and Commercial Bank of China (ICBC)
Date: 21.12.2009

Financial News

 Three Swiss bankers indicted by U.S. in tax crackdown - 09.01.2012
U.S. authorities are moving toward taking legal action against Wegelin & Co., which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case.
Source: Reuters
 Islamic finance assets to hit US$ 1.1 trillion in 2012 - 22.11.2011
Islamic finance assets around the world are expected to climb 33% from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday.
Source: Reuters
 Credit union business grows as consumers sour on banks - 07.11.2011
The big banks may have dropped the debit card fees, but the credit unions are the ones picking up the business.
Source: Reuters
 Spanish bank ratings downgraded by Fitch and S&P - 12.10.2011
Two leading credit rating agencies have downgraded some of Spain's largest banks, citing a deteriorating outlook for the Spanish economy.
Source: BBC News
 Spotlight on Islamic Retail Banking – strategies for fast growing industry - 07.10.2011
Islamic Banking is young but fast growing industry what brings challenges as need for standardization, expanding at the market (now < 1% population is banking Islamic Banks), lack of public awareness about Islamic Banking (misinterpretation) and limited resources of qualified people in this particular industry.
Source: Fleming Gulf
 JBIC inks $43bn credit line pact with Japan banks - 05.10.2011
The Japan Bank for International Cooperation (JBIC) said Wednesday that it has signed separate pacts with three major Japanese banks to give them a combined $43 billion, or Y3.3 trillion, credit line, as part of the government's steps to encourage companies to go ahead with M&As overseas.
Source: Nikkei
 U.S. banks begin charging monthly debit-card fees - 01.10.2011
Get ready for a new wave of bank fees. Bank of America will begin charging a $5 monthly fee at the beginning of next year for customers who make debit card purchases.
Source: CNNMoney

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