News

UBS shuts down Indian banking unit

Reassessment of business strategy ignited decision to quit.

UBS shuts down Indian banking unit

Reassessment of business strategy ignited decision to quit.

Maybank sells 9% stake in PT Bank Internasional Indonesia

Stake sold to an undisclosed third party investor.

It’s final: no deal for CIMB and San Miguel

Malaysia’s CIMB Group no longer interested in owning Bank of Commerce.

Societe Generale opens seventh China branch

Says this proves SG’s commitment to the Chinese market.

Higher borrowing costs batter China’s banks

Financial risks rising to critical levels.

ANZ could fire 600 staff in Australia

Will outsource jobs to either the Philippines or New Zealand.

Japanese households amassing financial assets

Assets at their highest level in over five years.

Top Indian banks selling bonds to offshore Chinese investors

ICICI Bank and IDBI Bank raising funds via this route.

Taiwan banks could issue renminbi loans in Xiamen

China intends to boost renminbi flows between Xiamen and Taiwan.

Maybank Philippines reports 36.8% revenue rise

Also posts 55.9% year-on year jump in pre-tax profit.

Taiwan, China agree to beef-up banking management pool

Sign a cooperation agreement on cultivating and training financial talent.

China’s banks ready to support huge M&As

Use of standby letter of credit shows government support for private sector borrowers.