News
Kookmin CEO's censure may affect KEB acquisition bid
Kookmin CEO's censure may affect KEB acquisition bid
FSS investigation on Kang caused KB board to sidetrack from deciding on KEB takeover.
China opens doors to Taiwanese banks
Six lenders immediately applied for branch expansion in Mainland following FSC approval.
China banking crisis inevitable: Andy Xie
When the property market busts, which it will, Chinese banks will see non-performing loans zoom to 20%, forcing a Chinese TARP.
Siam Commercial Bank seeks tapping corporate customers
Lender sees high-value financial services as vital scheme to strengthen bank’s profitability amidst fierce competition.
China Merchants, Tencent ink strategic agreement
Country’s first cross-industry cooperation between financial and Internet organization aims to create a financial service platform.
Punjab National launches massive financial inclusion scheme
India’s Finance Minister introduced Project Namaskar to garner 100,000 touch points through 100% core banking solution.
Affin shows interest in EON Cap takeover
Affin sees EON Cap takeover a possible opportunity to strengthen position in banking industry.
India’s top banks expected posting 13% profits growth
HDFC eyed to lead the pack with 31% profits growth as banking sector returns to normalcy.
China’s Agricultural Bank selects IPO underwriters
Chinese and foreign firms constitutes group of underwriters that handles much-awaited $20mln plus stock offering.
India’s Union Bank postpones $350mln fund-raising move
Financial crisis in Greece prompts lender to put off lender’s bond sale.
China Merchants 2009 net down 14% to $2.67bln
Lender still was able to beat average $2.57bln forecast by Dow Jones.
China's top 4 banks lent $125bln in Q1
ICBC led with $39.5bln loans as upward trend in lending is seen to continue this year.
India’s central bank may save “foreign” HDFC, ICICI
Reserve Bank of India may provide them relaxation by tagging them as foreign-owned Indian banks.
7 of Taiwan`s top-10 syndicated banks are gov`t-linked
Country’s total loans of top-10 syndicated lenders amounted to US$2.5bln led by Taiwan Cooperative at US$544mln.
Philippine Bank of Communications equity sale goes on
Lender opted to look forward to divesting 67% of its equity even beyond March deadline.
EON Cap withdraws dividend payment plan
Board handed down decision to avoid reduction in $1.6bln offer price to HLB.
Bank Mandiri plans three-fold rise in rights offering
Decided to raise figure to about $776mln from $221mln due to improving economic and political conditions.
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