News

The licenses would give more access to China’s interbank market where foreign companies such as UBS Securities and Goldman Sachs Gao Hua Securities are already underwriting bonds.

Setback in $240mn Hanmi takeover seen to affect Woori's plans for overseas expansion.

The Australian bank to give a full range of Indian Rupee and foreign currency banking services.

FSC takes note of financial investors’ concern that the formation of a giant state bank could reverse competitiveness of South Korea’s banking sector.

The lender’s Malaysian presence in Malaysia will foster the financial linkages between Kuala Lumpur and Banrain and to develop the Islamic financial system in the country.

FSC’s sanction on the group’s brokerage and banking units may push the regulator to bar Hana’s KEB prospects.

The merging of BPI Capital Corp and BPI Bancassurance Inc will eliminate duplication, streamline operations, and lower costs.

The lender strives to achieve 20% growth in deposits and 22% in advances via extending global reach.

HSBC, CIMB, Maybank, and Citibank to lead sukuk issue as Malaysia plans to repeat roadshows conducted in Asia, the Middle East and Europe.

The lender believes the global disasters and crises has little effect on overall remittances figure of Filipinos working abroad.

Cathay United Bank, Mega International Commercial Bank, and Mega Financial Holding Co. forge cooperation in corporate lending, bancassurance, retail banking and personnel training with AgBank.

The FSC to ease current rules that require a financial holding company to bid for at least 95% of a target holding company to combine their businesses.

Liquidity crunch and loan recovery will hamper Nepali financial inastitutions beginning next month. Vibor Development Bank and People's Finance went into serious liquidity crunch. However, this is not the first instance of liquidity crunch in the country. Experts said the liquidity crisis was a result of quick profit motive rather than going for much reliable investments. Radhesh Pant, Chief Executive Officer of Kumari Bank in Nepal said that the situation had arrived mainly because of two reasons -- the political instability and lack of proper monitoring over the financial institutions. "The political instability causes an impasse at the policy making level, which discourages investment. And also, there are too many players in the banking sector right now and a proper monitoring system is lacking," according to Pant. "We have 28 commercial banks, we have 60-65 development banks, more than 70 financial institutions," Pant said. "The government and the political parties should focus on the economy of the country while fixing their priorities for the next 5-10 years on how to develop Nepal. For instance, a focus on hydropower with strong strategy, which is bought in by all the parties so that in future, even when the government's changes, same objectives, and strategies are worked on," Pant said. Likewise, he also said that the the other basic reason behind the crunch was the decelerating growth in the remittances. The bankers and financial institutions have also blamed the government for its failure to promulgate the national budget on time and its lack of spending ability. The full story is available at xinhuanet.

Morgan Stanley Huaxin Securities’ main thrust is underwriting CNY-denominated stocks and bonds for Chinese small-cap companies.

The German lender said its government bond trading and other business activities in Thailand remain unaffected.

Hana to take over stake from Lone Star and possibly from the Export-Import Bank of Korea.