News

China Construction Bank spearheads unprecedented private sector loan

CCB-led consortium granted $959.62mln loan to AsiaAlum in a much needed financing to weather the crisis.

Bank Negara approves CIMB's stake purchase

CIMB Group will issue 134 million shares to Khazanah Nasional to acquire CIMB Niaga stakes.

New KB Financial Chairman slams company inefficiency

Vows to bring group back into shape as cost-to-income ratio rose to 54% last year.

Fitch affirms Hong Leong at BBB+

Places EON on positive watch as rating company takes into account HLB's planned $2.18bln EON takeover.

National Australia Bank injects $582mln to British unit

British regulators  stepping up pressure to increase capital to protect lenders from crisis.

Central Huijin to issue bonds to raise $17.7bln

To spend 80% of proceeds of bond market entry to invest in Chinese banks' financing initiatives.

Taiwan central bank urges lenders to prevent speculation

Governor Perng alarmed at speculative investors who bought 200 houses using money from bank loans.

Sumitomo Mitsui mulls investing $5bln in US bank

The lender is scouting potential buy among 20 US banks to acquire 30% of banking profit from overseas clients.

Agricultural Bank of China attracts big-time IPO investors

The bank takes the opportunity on China government's drive to boost growth in country's centre and Western regions.

National Australia Bank earns $387mln from bond issue

Lender’s sixth Maple bond issue surpassed the $194mln target earnings.

Bank of the Philippine Islands eyes $215mln rights issue

The move is to maintain the bank's above minimum capital ratio and to cope with 15% loan portfolio expansion.

HSBC unveils Renminbi internet banking services

The service was prompted by HSBC's renminbi trade settlement volume which jumped 200% in May.

On-going turmoils cause Thai banks to remain resilient

But analysts say with strong capital and liquidity, stronger banks can still maintain overall performance in 2010.

ANZ quits Korea Exchange Bank bid due to conflicts

ANZ leaves Nomura and MBK Partners as bidders due to tension between North and South Koreas.

Bank of America eyes growth in Australia by developing tactics

Bank of America's Australian unit and Don Argus join forces to develop strategies for the bank's Australian operations.

Industrial and Commercial Bank of China enters Canada

The acquisition of six Bank of East Asia branches is part of ICBC's global expansion plan.