News

Lender to concentrate on low capital and high incomes operations to achieve goal.

Policies that are sold through HSBC and other banks amounted to $12.6mln and exceeded targets.

Insurer’s chairman said it will strengthen non-insurance core businesses, including assets management, banking, securities, and trusts.

$258bln pension fund may join Hana Financial to make a bid or venture its own investment.

Lender willing to invest $1.2bln in M&A as it joins rivals in shifting resources abroad.

Lender attempts to teach SME customers and offer promotional campaigns to hedge against financial risk.

Sale intended to raise funds to ease high US dollar loan-to-deposit ratio and improve financial standing.

Lender to launch trust company in Singapore and representative offices in other Asian nations.   Swiss private banking group Julius Baer is decisively growing Asia into its second home market. It plans to upgrade its Hong Kong presence to a booking centre before the end of this year, to open a representative office in Shanghai, China, and a Trust Company in Singapore next year, upon application and regulatory approvals. The Bank is also rapidly developing its Asian investment capabilities further as a centre of excellence for the rest of the Julius Baer Group, according to a Bank Julius Baer report. These plans were announced by its top management when Julius Baer convened a Board of Directors meeting for the first time in Singapore to signify the importance of Asia. Bank Julius Baer also hosted an exclusive gala dinner for clients and business associates to celebrate its 120th Anniversary.

India's central bank concerned that public sector may lose talent to private sector that offers crores.

Lender's largest bond sale in its home market since March 3 is due in 2013.

Deal aimed to help Woori secure position and raise awareness among Americans.

Licence will enable Great Eastern Takaful to distribute syariah-compliant life insurance products in Malaysian market.

Target up from $400mln as market has become more conducive for raising funds.

Analysts see JP Morgan or UBS to acquire Woori among eight shortlisted bidders.

Lender taps the homeland of 400,000 Indian population in Australia.

Move follows finance minister's appeal to ensure vacancies in state-owned banks be filled immediately.