In Focus

Scandal forces out Watanabe as Nomura CEO

Nomura Holdings CEO Kenichi Watanabe resigned yesterday in an insider trading scandal that has again smeared the reputation of Japan's biggest investment bank.

In Focus

Scandal forces out Watanabe as Nomura CEO

Nomura Holdings CEO Kenichi Watanabe resigned yesterday in an insider trading scandal that has again smeared the reputation of Japan's biggest investment bank.

In Focus

BOC partners with Julius Baer in wealth management

Bank of China enters into a partnership with Switzerland’s largest private bank after surrendering its wealth management business.

In Focus

Islamic banking to be introduced into China

Malaysia’s Bank Muamalat Malaysia Bhd and Bank of Shizuishan will open an Islamic bank in Ningxia Province within two years.

In Focus

CITIC to acquire CLSA Asia Pacific Markets

CITIC Securities Company Ltd is about to complete the acquisition of Credit Agricole’s Hong Kong-based brokerage for US$1.25 billion.

In Focus

China still a gold mine for foreign banks

Foreign banks still look towards revenue growth of 20% in China despite the country’s unnerving economic slowdown.

In Focus

Indonesia sets foreign ownership cap in local banks

Indonesia is limiting single ownership of domestic financial institutions to 40% under new rules but with certain exceptions.

In Focus

WMP boom could hurt China’s weaker economy

Sales of wealth management products in China jumped 43% to US$1.90 trillion during the first half of the year.

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Rich banks not lending enough money to real economy

The People's Bank of China insists that China’s cash-flush banks lend more money to productive sectors of the economy.

In Focus

Indonesia expects slower lending growth

A slowdown in exports and a new lending rules will hobble lending growth by Indonesia's commercial banks in the second half of the year.

In Focus

India banking sector slows on sputtering economy

Banks' credit grew just 1.2% in the first quarter of the fiscal year that began in April.

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South Korea cuts key bank interest rate to fend-off recession

The Bank of Korea yesterday cut its benchmark seven-day repurchase rate by a quarter of a percentage point to 3%.

In Focus

Surprise Chinese banking rate cut continues to backfire

Fears spread as the Chinese central bank recently reduced its main lending rate by 0.31 percentage points to 6%.

In Focus

Japanese banks see growth in lending to Korean conglomerates

Japanese banks are targeting South Korean conglomerates seeking funds for global expansion.

In Focus

Foreign banks with large deposits must incorporate in Singapore

Singapore takes an unusual step to protect its banking sector amidst the ongoing international financial crisis.

In Focus

China considers DIS to mitigate coming bank failures

The souring economy is forcing China to hedge against bank bankruptcies.

In Focus

Taiwan sees more business for its banks in China

China should facilitate the entry of more foreign banks into its restricted banking sector.

In Focus

Singapore to force foreign banks to incorporate locally

Foreign banks in Singapore holding large deposits may be forced to incorporate their retail operations locally.

In Focus