Retail Banking

Thailand to raise $1bln in Siam City sale

Thailand to raise $1bln in Siam City sale

Sources say central bank would sell its 48 percent stake as Thai government loosens foreign investments restrictions.

IDBI Bank names Canara Bank as merger target

IDBI Bank believes the union would increase likelihood of expanding presence in three states.

Taiwan regulator rejects China Strategic's Nan Shan bid

Lack of details and inconsistencies in data caused regulator's disapproval.

China regulator allows banks to invest in insurers

China's banking regulator has issued decision despite caution on possible problems resulting from financial sector integration.

India seeks advice on banking consolidation

Finance Ministry has requested public sector banks' counsel on the move despite RBI's adverse stand.

CMB keeps positive S&P ratings

China Merchants Bank kept its Standard & Poor’s 'BBB-' long-term and 'A-3' short-term counterparty credit ratings on CreditWatch.

Chinese regulator's move stales Minsheng's IPO

Minsheng shares dipped 3 percent during IPO as Beijing reportedly pressured banks to increase capital adequacy ratio.

ANZ Bank mulls raising US$400mln for China expansion

China would be next in Asia Pacific after ANZ had established foothold in Indonesia and Vietnam.

China banks furnish capital raising schemes to regulator

Sources say country's top banks submitted plans of replenishing capital after they have lent $688 billion.

Moody's outlook for Indian banks remains negative

Indian banking credit outlook remains negative reflecting the challenging economic conditions, problem loans, and adverse implications for asset...

ANZ completes acquisition of RBS Philippines

RBS in the Philippines became the first of six markets to transition to ANZ ownership. ANZ is acquiring the Royal Bank of Scotland retail, wealth and...

Korea Deposit Insurance sells 7% of Woori stake

The goal of privatising Woori pushed KDIC to a $751.4 million stake sale on Tuesday.

Steve Sargent is GE Capital's new President & CEO for APAC

General Electric Company's financial services segment GE Capital has appointed Steve Sargent as president and CEO of its business operations in Asia...

China's regulator to big banks: Raise capital ratios

Source says CBRC told country’s top banks to increase capital adequacy ratios by 2 percent from average.

China Minsheng’s United Commercial Bank’s acquisition attempt denied

A source says policies on foreign investments rule out possibility of China Minsheng’s UCB takeover.

Punjab National Bank eager to expand insurance operations

Dissolving JV with Vijaya Bank and Principal Group would enable Punjab National Bank to become more competitive.

Citibank Korea rated on own profile

Standard & Poor's no longer incorporates an uplift on Citibank Korea Inc and rated it on its stand-alone profile.