News

Hong Leong Bank launches new online service

Important account management functions will be served online through lender's new banking innovation.

Hong Leong Bank launches new online service

Important account management functions will be served online through lender's new banking innovation.

Commonwealth beefs up equity business with new hires

2 ex-Merrill Lynch professionals appointment was prompted by lender's successful hiring of 16 people from rivals.   

Bank of China to issue $7.7 billion HK shares

Calculated as the biggest fund-raising plan in Hong Kong so far in 2010, the offering represents 20 percent of the bank's H-share capital.

China Mobile to buy 20% of Pudong Bank

Yet paying $5.8bln for investment in the bank to dominate country’s mobile market was greeted adversely.

Bank Indonesia to defer single presence rule implementation

BI governor agreed to 2 years postponement as state-owned lenders proposed for total exemption.

2 Indonesian banks' rights issues deadline extension possible

BNI and Mandiri can have more time to submit plans within the context of the process.

India plans injecting $2.1bln in public sector banks

Amount to be infused in Q1 prioritising lenders with 8% or above CAR.

Siam City Bank stake deal set for signing

Sources said Thanachart Bank had $984mln bid to acquire 48% of SCB from Bank of Thailand.

Lone Star eyes selling Korea Exchange Bank stake

Buyout fund restarts attempt to dislodge 51% share in KEB despite pending appeal at Supreme Court.

CIMB eyes 12% loans growth in 2010

Mortgage sales, personal loans and credit card businesses seen as drivers for achieving target.

China Construction expects above 10% new loans growth

China targets cutting lending by $310bln prompting smaller banks to raise capital to boost adequacy ratio.

India asks legislators to trim State Bank stake

Selling 8.41% of its stake in lender aimed to generate $2.5bln needed for its growth.

China banks urged to boost capital with profits

Regulator favors raising capital by rights offering while discouraging private placements and public share sales.

ANZ secures India license

Bank's offering of retail and wholesale services and opening of office in country are now possible.

China Development Bank to evaluate tie-up with Barclays

Lackluster performance of banks after two years of partnership forced CDB's board to review relationship.

China Minsheng to focus lending on small firms

Lender maximises the underserved market by lending total $15bln with $731.957 credit cap for each company.

StanChart to seek Shanghai listing

Lender capitalises on Beijing's encouragement for foreign firms to offer shares after regulations become clear.