In Focus

Malaysia's CIMB acquires 60% of Philippines' Bank Of Commerce

CIMB acquired 60 percent of Bank of Commerce of the Philippines for US$288 million.

Malaysia's CIMB acquires 60% of Philippines' Bank Of Commerce

CIMB acquired 60 percent of Bank of Commerce of the Philippines for US$288 million.

South Korea shuts down four savings banks

Failure to meet financial-strength standards proves fatal for four South Korean savings banks.

Singaporean banks are the world’s strongest

Two Singaporean banks lead Bloomberg Markets’ second annual ranking of the world’s strongest banks.

Chinese banks gear-up for massive foreign expansion

It’s only a matter of time before China’s banks venture overseas in large numbers to support Chinese businessmen around the globe.

Corporate demand for bank credit wanes in China

Bank lending might have plunged 30% in April from March.

Mitsubishi UFJ looks overseas for salvation

Japan’s biggest bank intends to generate some 40% of its profit overseas from the present 28%.

NAB profits plunge 16%

The UK units of National Australia Bank Ltd have become a pox on the Australian bank’s operations.

Renminbi continues long march towards internationalisation

Bankers see the Chinese renminbi or yuan becoming a key commodities currency.

China’s third largest bank stumbles

The weaker Chinese economy has claimed Bank of China, Ltd as a victim.

China's banking system seems healthy

The China Banking Regulatory Commission (CBRC) reports on the state of China's banking industry in 2011.

Vietnam to miss target growth for business loans

Despite assurances to the contrary from the government, Vietnam will not loan as much to private business as it planned.

Non-performing loans becoming a nightmare for China

The government hedges against a potentially disastrous rise in non-performing loans.

Malaysian banks invited to open in Pakistan

Pakistan asks Malaysian banks to do business in traditional and Islamic banking.

Citi makes $2.9B profit in Q1 with India, China stake sales

The sale of Citigroup stakes in India and China boosted the bank's revenue as it profited US$2.9 billion in the first quarter of 2012.

Temasek ups investment in Chinese banking industry

Singapore’s sovereign wealth fund casts a huge vote of confidence in China’s economy.

Chinese banks cut mortgage rates

Mortgage interest rates are falling in Chinese first-tier cities with the gradual recovery of the property market.

HSBC wants more business in India

India is on the top of HSBC's mind but laments the restriction of opening branches.