News
Bank of China-Temasek JV to launch first branches
Bank of China-Temasek JV to launch first branches
JV aims to hire 14,000 staff and open 400 branches as it compete with AgBank-StanChart JV.
ICICI Bank offers cross-border remittance services
I-Express opens access through network of over 2,500 branches and 5,600 ATMs, and 55,000 Visa-enabled ATMs.
Chinatrust' Jeffrey Jr. Koo faces 9-year sentence
Ex-vice chairman charged with insider trading and banking regulation breaching over the firm's planned acquisition of Mega Financial.
Bank of Taiwan to offer Renminbi settlement
Customers can save about 1% in the cost of yuan settlement services.
PBCom stake divestment unlikely
Seeks to sell of major stake as existing shareholders are not eager to contribute additional capital.
Regulator penalizes Kookmin for breaching board rules
The bank offended the rule regarding compensation of directors as it incurred travel expenses worth $29,700.
Singapore Monetary Policy Tightening Is Credit Positive for Banks
The Monetary Authority of Singapore’s (MAS) tightening of monetary policy to benefit banks operating in Singapore, according to Moody's Investor Service.
KT Corp to buy 20% BC Card stake
Woori and KT will sign an MOU as two parties will continue to negotiate purchase price.
Metrobank plans to raise $231.23mln via rights offer
The lender aims to use proceeds to fuel CAR growth in anticipation of higher capital standards.
CIMB's listing on Bangkok deferred to 2011
CIMB Thai unit sees return to profit in first nine months after posting $1.36mln loss.
China regulator backs application of 2 Taiwanese banks
CBRC enables upgrading into official branches Cathay United’s Shanghai and Hua Nan Commercial’s Shenzhen offices.
Central Huijin increases stake in major China banks
Central Huijin also said it will support rights issue plans of ICBC, BoC, and CCB.
Korea auditors to inspect Woori Financial on November
Inspection to focus on enforcement of MOU signed every two years between Woori and the KDIC.
SBI customers to avail mobile money transfer service
SBI joins forces with Western Union to open service in its 12,000 branches across India.
China Merchants applies for establishing Taiwan representative office
The Chinese bank seeks to open banking services in Taiwan under Economic Cooperation Framework Agreement.
Khazanah raises US$380mln from sale of CIMB stake
The fund divests 2% of its 147mln shares in CIMB.
Siam Commercial sees flat growth in bad loans
The lender attributes improved economy to help debtors repay.