News
Bank Andara launches world’s first mobile-enabled microfinance services network
AndaraLink offers 40mn Indonesians access to financial services via mobile terminals.
Bank Andara launches world’s first mobile-enabled microfinance services network
AndaraLink offers 40mn Indonesians access to financial services via mobile terminals.
Is Hong Kong’s banking sector in trouble?
The Royal Bank of Scotland says there is risk of a financial crisis after an extended period of ultra-loose monetary conditions in Hong Kong.
RHB may eye merger with AMMB
RHB Capital Bhd may revisit a potential merger with AMMB Holdings Bhd after failed deals with CIMB and Maybank.
Maybank pulls out of RHB bid
Maybank pulled out of negotiations for the purchase of RHB Capital because of the prohibitive price.
PGBank's deposits near VND14 trillion in 2010
PGBank raised its total deposits in 2010 to 13.995 trillion dong, based on its recently released 2010 annual reports.
Woori privatisation collapses behind parliamentary opposition
FSC withdraws proposal to legally ease bank ownership regulations, signaling death of Woori’s stake sale.
DBS Taiwan to sell new high-yield savings products
Move in response to customers who like to see their deposit rates surge in line with actions taken by the Taiwanese central bank.
Malaysian banks stable in the next 12-18 months
Moody’s says GDP growth of 5% - 6% will help support the banking sector’s sustainability in earnings.
China to overtake US as world’s largest banking economy by 2023
CRBC says the total assets of foreign banks in China increased to RMB 1.74 tn at the end of 2010.
OceanBank partners with Vinalines
OceanBank pledged to provide financial and banking services to Vinalines including lending for purchasing ships, advising card services, and others.
Banco de Oro eyes acquiring PBCom’s 67% stake
BDO emerged as the second bidder of PBCom after ISM Communications.
Westpac’s CEO to calm mortgage fears amidst experts’ warnings
Kelly defied property experts’ forecasts by saying that although mortgage arrears have increased Australia’s economy will keep the housing market intact.
StanChart Indonesia seeks to take over Bank Muamalat
The British bank is among the suitors which aims to capitalise surging demand for Islamic banking business in Indonesia.
Bank Danamon set to launch 5 trade service points
The lender plans to establish four more points this year bring itself closer to clients at the heart of export and import activities.
BofA’s $21bn stake in CCB may be offered for sale
BoA could use the proceeds to comply with tougher capital requirements that may be imposed by regulators for prevention of a repeat of the 2008 financial crisis.
Woori stake sale faces another hurdle
Stake sale in danger of collapse anew as FSC vice chairman said the regulator to forgo plan to ease ownership rules.
China still supportive of commercial bank expansion
China Banking Regulatory Commission announced that it will keep approving domestic lenders' establishment of new branches.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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