News
Maybank allots $4.9mln to improve customer service
Maybank allots $4.9mln to improve customer service
Pilot customer service transformation programme to upgrade all bank’s frontline personnel in 70 branches.
Hong Leong-EON Bank merger poses problem on employees
National Union of Bank Employees hits Bank Negara’s non-consultation with union on looming merger’s adverse effects.
ICICI Bank to focus on rural sector
Lender also plans to reduce exposure to personal loan after suffering big losses.
China regulator cautions banks of loan risks
China Banking Regulatory Commission continues to tighten bank lending as liquidity problems remain as threats.
Nomura and MBK Partners discuss KEB bid
Parties in early talks for joint bid for KEB even as ANZ showed interest.
China’s Agriculture Bank IPO targets $28bln
Lender kicked off the pre-marketing process for the $10bln-$15bln from Hong Kong and $8.9bln-$13bln Shanghai IPO.
BOJ to redirect money to industries with growth potential
As a long-term approach to beating deflation, the Bank of Japan is expected to announce details of a new loan scheme amidst Europe debt woes.
India to inject $1.32bln to state-run banks
The government aid worth 62.11 billion rupees will be injected into five state-run banks for their capital and lending needs.
StanChart ruled out interest in acquiring KEB
SC First Bank Chief Executive, Richard Hill, said their strategy in Korea is an organic one.
Regulator authorizes Agricultural Bank of China’s IPO
Move ends speculations on deferment of $30bln IPO due to lukewarm interest and concerns.
SBI mulls launching $4.27bln rights issue in 2011
India government eyed to subscribe in the multibillion rights issue to take place in H2FY11.
Societe Generale unit and Japaninvest join forces
Alliance expected to offer coverage representing 25% of global market capitalisation.
Study reveals Generation Y worry about financial prospects
74% of Gen Ys have specific saving goals while only 27% have concrete saving plans.
Bank of Shanghai strikes deal with China Mobile
Agreement will enable Bank of Shanghai to promote China Mobile's mobile payment services.
CIMB Niaga to sell $162mln worth of bonds
Lender will use the 7-year, AA- rated subordinated bonds to fund car and micro loans.
ANZ hires Morgan Stanley as acquisition adviser
ANZ eager to acquire Bank Panin for $1.3bln as Gunawan family sells 46% of Indonesian lender.
Punjab National Bank hires banks for $100mln loan
PNB avails itself of services of four international banks after meeting with Taiwan and Singapore lenders.
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