News

Kookmin Bank chief to resign before tenure ends

Kookmin Bank chief to resign before tenure ends

Kang Chung-won's plans of early quitting gives incoming KB Financial chief free rein in reorganising lender.

Chinatrust plans to acquire Nan Shan from AIG

AIG still silent on lender's offer previously tagged at $2.15bln by rival bid.

AgBank IPO draws China funds and HK banks

Lender intends to raise record setting $23bln before listing in mid-July.

New Zealand endorses NAB’s bid for AXA APH

NAB’s takeover of $284mln AXA APH assets still needs nod from NZ's Commerce Commission.

Bank of China mulls $8.8bln rights issue

Lender seeks 1.1-to-10 rights issue as analysts fear fund raising could put pressure on weak market.

HSBC boosts India presence by buying RBS businesses

The $1.8bln India expansion is part of the lender’s strategy to set up businesses in emerging markets.

DBS forges new saving scheme for parents

DBS launches EduSmart to address concerns and uncertainties that parents face today on deciding how much they need to provide for their children’s future.

Fitch says DBS and OCBC are stable

Fitch's affirmation of DBS and OCBC's stability status reflects the banks' strong credit profiles.

AgBank mulls price range adjustment for Shanghai IPO

A narrower price range or $0.37-$0.39 per share for the Shanghai offering is likely amidst weaker demand among investors in the mainland.

Philippines' Central Bank intervenes in PBCom sale

BSP persuades the Chung, Nubla and Luy families to divest stakes from lender.

Taiwanese banks to expand in China

Land Bank, Taiwan Cooperative, Chang Hwa Commercial and Taiwan Business to set up branches in China.

Chinatrust quits Nan Shan unit acquisition

The $660mln takeover failed to materialise as lender let the acquisition agreement to expire.

KB’s new chair seeks 30% company value boost

Euh Yoon Dae vowed to quit post if he could not improve group’s stock value.

Hyundai ends KEB services on bitter note

Group attributes KEB misappraisal and small credit line for its decision.

Maybank to convert Indonesian unit into syariah bank

BMI keen to exploit growing potential of Islamic banking following its $93.44mln capital reduction.

China Construction secures shareholders’ nod

Lender targets $11bln from 630mln shares in Shanghai and 15.7bln shares in Hong Kong.

World Bank to grant $1bln loan to India

India seeks amount to recapitalise its PSUs after receiving $2bln last year.