News
Bank of Taiwan eyes opening first Shanghai branch
Bank of Taiwan eyes opening first Shanghai branch
Lender allowed investing as much as 15% of its net worth in China.
DBS mulls adding hundreds of wealth management staff
Lender wants bigger share of private banking market as 23% quarterly profit rise disappoints.
National Australia Bank profit down 21% to $2bln
But lender positive that business lending spurt can help drive profit up in next 6 months.
KB Financial begins choosing next CEO
Three outside personnel search bodies to shortlist bets for interview May 20 and selection by mid-June.
StanChart India share issue seeking anchor investors
Lenders holding StanChart's IDR started sourcing anchor investors from foreign investors, local banks and mutual funds.
KDB chief not keen on KEB takeover
High price and post-takeover issues discourage local bidders to bid for once popular M&A target.
ICBC, Bank of China may change fundraising schemes
Central Huijin to benefit from lenders' rights issues offering over issuing bonds and selling shares.
ICICI, HDFC violate foreign investment rules
India's commerce and industry minister said decision meant to force lenders to shore up domestic shareholding.
Chinese commercial banks face lack of capital
Analysts say China's listed banks need to raise up to $44bln in 2010.
Westpac profit up 30% to US$2.5bln
Lender posted above-expected net profit but cautious on Europe credit crisis’ effect on Australian market.
HDFC profit up 31% to $660.92mln
Net interest income for the quarter soared 27% driven by loan growth.
ICICI Bank plans hiring 7,000 people in 2010
Recruits will be deployed to man new branches while declaring bonus and increments for old employees.
Indonesia reports bank loans surge
Bankers attribute increase to country's increasing business investment and infrastructure development.
Foreign banks in Asia face dearth of targets
Lenders eager to expand through asset acquisition in Asia but has difficulty finding one.
ANZ Bank dismisses AXA offer
AXA CEO lost interest in bid despite encouraging suggestions from US and Australian investors.
China’s Agriculture Bank seeks $30bln IPO this week
AgBank to apply for dual listing in Hong Kong and Shanghai via world's largest-ever IPO.
KB Financial, Woori post above-expected 1Q profit
KB surpassed Woori as the largest Korean financial holding company by assets during the quarter.
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