News
Bank of America chief keen on China expansion
Moynihan revealed few detail on lender's move that includes obtaining securities license over next several years.
Bank of America chief keen on China expansion
Moynihan revealed few detail on lender's move that includes obtaining securities license over next several years.
Bank Rakyat Indonesia to acquire Bank Agro
Takeover crucial to BRI as it beefs up its assets to become competitive in international market.
Bank Central Asia profit up 17% to $745mln
Improving net interest revenues and fee based income were drivers for lender's growth.
RHB Investment Bank launches DMA Equity on Bursa Malaysia
The Corporate and Investment Banking arm of the RHB Banking Group is the first Malaysian broker to be DMA-ready when it started the service back in December 2009.
Hang Seng sets RMB prime rate
Hang Seng became the first bank in Hong Kong to set an RMB prime as the base rate for RMB finance.
Korea Exchange Bank cautioned for sloppy branch management
Lax management of Tokyo, Los Angeles and Sydney branches can result to sanction by regulator.
New Hong Leong offer for EON Capital seen
Analyst said selection of 7 new directors can revive HLB's bid to acquire EON Cap.
HSBC eyes Bank of Communication rights issue subscription
Move part of HSBC's plans to invest in China to capitalise on country’s 10.7% economic growth.
India public sector banks to open insurance business
Lenders take advantage of profitability of insurance and mutual funds operations in the long run.
Krung Thai sees loan growth exceeding 7% target
Yet lender decided to focus on short-term loans amidst nation's continuing political uncertainties.
Chinese banks strong enough to endure bad loans
Despite forecast of 20% rise in 2010 loans, NPL and other problem loans ratio are expected to remain below 10% for the next two years.
National Australia Bank positive on Axa acquisition
NAB believes regulator will favor its US$12mln bid for Axa takeover over rival's US$11mln offer.
Bank of America mulls China expansion
China is premiere destination as US lender broadens business abroad while local operations lag behind rivals.
Maybank Singapore opens global remittance service
Lender ties-up with Western Union to provide money transfer service in 400,000 migrant workers.
Affin Bank mulls EON Cap takeover
Lender banks on improving financials and fundraising potential for bid despite criticized for being small.
China regulator cautions top banks on risks
Government wary that uncontrolled lending can increase bad loans and form asset bubbles.
Thanachart acquires $1bln Siam City stake
Purchase of 47.6% stake in SCB has given Scotiabank avenue to expand in Thailand.
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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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