News
Study reveals Generation Y worry about financial prospects
74% of Gen Ys have specific saving goals while only 27% have concrete saving plans.
Study reveals Generation Y worry about financial prospects
74% of Gen Ys have specific saving goals while only 27% have concrete saving plans.
Bank of Shanghai strikes deal with China Mobile
Agreement will enable Bank of Shanghai to promote China Mobile's mobile payment services.
CIMB Niaga to sell $162mln worth of bonds
Lender will use the 7-year, AA- rated subordinated bonds to fund car and micro loans.
ANZ hires Morgan Stanley as acquisition adviser
ANZ eager to acquire Bank Panin for $1.3bln as Gunawan family sells 46% of Indonesian lender.
Punjab National Bank hires banks for $100mln loan
PNB avails itself of services of four international banks after meeting with Taiwan and Singapore lenders.
MasterCard collaborates with Bank of China for MoneySend
Tie-up brings product to China to make money transfer simpler and more efficient for their cardholders.
Fitch upgrades Taiwanese state-controlled banks' national short-term ratings
Revised ratings for 3 lenders due to their strong liquidity position.
BoCom slashes rights issue plan by 20%
Downsizing to $4.8bln from $6.14bln may prompt AgBank to lower its $30bln target.
NAB acquires TierOne Bank of Nebraska
$76mln deal will add 69 US branches to NAB's US network and $2.2bln in new deposits.
More foreign banks eager to enter India
Possible easing on banking regulation encourages up to 8 foreign lenders to establish unit.
Fitch sees another dull year for Japanese banks
Agency expects no immediate change in ratings as lenders' profitability expected to remain weak in FY2011.
MBK Partners eyes bidding for KEB stakes
Reports say company in initial stage of negotiation to acquire 51% KEB stake amounting $3.6bln.
HSBC plans selling private equity units
British bank HSBC is in talks that could lead to five separate management buyouts of its private equity fund management businesses as banks go back to focusing on core operations.
NAB quits competition for RBS branches
Source said Australian lender leaves Banco Santander in race due to concerns on market conditions.
China regulator to study Agricultural Bank's IPO bid
Lender aims to replenish capital as banks could face losses if debts not repaid.
ANZ says it didn’t bid for KEB stake
Lender belied reports saying lender joined StanChart in bidding for Lone Star's 51% KEB stake.
Moody’s: Hurdles remain for Japanese banks
Japanese banks have overcome the stress scenario in 2008 but still has low operating profits relative to balance sheets.
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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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