News

According to Reuters, the vehicle will target investments in the US and Europe.

61% of global investors predict that the country will face a crisis within the next five years.

Hong Kong's Banking  Bill 2011 will be gazetted on December 9.

Bank Islam expects better fourth quarter results ending Dec 31, said managing director Datuk Seri Zukri Samat.

Bank Islam is eyeing opportunities for expansion in Indonesia and Bangladesh.

Newly launched Maybank eCustody to provide the "final link" in the group's overall electronic banking offering to clients.

The lender aims to take advantage of yuan's rise to become major offshore trader of the currency.

Ficombank, Ting Nghia Bank and Saigon Commercial Bank have received approval to merge.

Bangkok Bank will opening another four branches in Malaysia by 2016, says CEO Robert Loke.

Australia's Federal Court has found late fees charged on the cards could be characterised as a penalty and may be legally unenforceable.

Four of Australia's biggest banks were downgraded by Standard & Poor’s under its revised criteria.

Australians’ savings levels have increased to their highest since ANZ began measuring financial literacy in 2002.

BIDV will provide a package of preferential loans worth VND5 trillion or US$240 million to boost exports in select sectors.

Techcombank will use a long-term loan from the German Investment and Development Company to assist small and medium-sized businesses in Vietnam.

Singapore dollar lending in October grew a modest 0.3 percent to 406.5 billion Singapore dollars only.

Lone Star has agreed to cut the price of its 4.4 trillion won stake sale in KEB to Hana. Hana Financial Group and the U.S. private equity fund had agreed to lower the purchase price by about 1,490 won per share, or about 11 percent, to 3.9 trillion won, reports Reuters. Hana, South Korea's No.4 financial services group by assets, had originally agreed to pay about 13,390 won per share for a 51 percent stake in Korea Exchange Bank from Lone Star. It had sought to close the transaction early this year but had to extend it due to regulatory approval delays and legal disputes involving stock manipulation charges against Lone Star. Following a guilty verdict on stock manipulation charges, regulators last month ordered the Dallas-based fund to sell down its stake in KEB to below 10 percent within six months.