News
Korea Exchange Bank cautioned for sloppy branch management
Korea Exchange Bank cautioned for sloppy branch management
Lax management of Tokyo, Los Angeles and Sydney branches can result to sanction by regulator.
New Hong Leong offer for EON Capital seen
Analyst said selection of 7 new directors can revive HLB's bid to acquire EON Cap.
HSBC eyes Bank of Communication rights issue subscription
Move part of HSBC's plans to invest in China to capitalise on country’s 10.7% economic growth.
India public sector banks to open insurance business
Lenders take advantage of profitability of insurance and mutual funds operations in the long run.
Krung Thai sees loan growth exceeding 7% target
Yet lender decided to focus on short-term loans amidst nation's continuing political uncertainties.
Chinese banks strong enough to endure bad loans
Despite forecast of 20% rise in 2010 loans, NPL and other problem loans ratio are expected to remain below 10% for the next two years.
National Australia Bank positive on Axa acquisition
NAB believes regulator will favor its US$12mln bid for Axa takeover over rival's US$11mln offer.
Bank of America mulls China expansion
China is premiere destination as US lender broadens business abroad while local operations lag behind rivals.
Maybank Singapore opens global remittance service
Lender ties-up with Western Union to provide money transfer service in 400,000 migrant workers.
Affin Bank mulls EON Cap takeover
Lender banks on improving financials and fundraising potential for bid despite criticized for being small.
China regulator cautions top banks on risks
Government wary that uncontrolled lending can increase bad loans and form asset bubbles.
Thanachart acquires $1bln Siam City stake
Purchase of 47.6% stake in SCB has given Scotiabank avenue to expand in Thailand.
Hong Leong Bank launches new online service
Important account management functions will be served online through lender's new banking innovation.
Commonwealth beefs up equity business with new hires
2 ex-Merrill Lynch professionals appointment was prompted by lender's successful hiring of 16 people from rivals.
Bank of China to issue $7.7 billion HK shares
Calculated as the biggest fund-raising plan in Hong Kong so far in 2010, the offering represents 20 percent of the bank's H-share capital.
China Mobile to buy 20% of Pudong Bank
Yet paying $5.8bln for investment in the bank to dominate country’s mobile market was greeted adversely.
Bank Indonesia to defer single presence rule implementation
BI governor agreed to 2 years postponement as state-owned lenders proposed for total exemption.
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