News

Bank alliance to boost Indonesian and Japanese business

PT Bank DBS Indonesia and Sumitomo Mitsui Trust Bank continue regional partnership.

BOCHK now has less HK$ liquidity risk

Thanks to steady growth in its offshore RMB business.

Asia Pacific banks resilient to risks in 2013

But China and India are the weak spots.

BofA quits private banking in Japan

Sells entire stake to Mitsubishi UFJ Financial Group.

Why BEA does not need to raise equity capital in the near term

It recently placed 111.6m new shares to Sumitomo Mitsui Bank.

China's November loan figures 'roughly in-line'

Mainland banks lent out CNY530b of new loans.

China, Russia enhance inter-bank cooperation

Two top banks enter into agreement worth up to US$2 billion.

HSBC calls off RBS India acquisition

The proposed RBS India acquisition fell through due to HSBC's global cost cutting drive.

Indonesia is one of 16 priority countries for Citibank

Citibank remains committed to its business in Indonesia despite sweeping reform measures.

Indonesia's SME loan requirement may hurt foreign banks

Foreign banks could reel from Indonesia's new requirement to lend 20% to SMEs.

Citigroup to cut more than 11,000 jobs

It plans to shut down 15 branches in Korea and 7 in Hong Kong.