Retail Banking
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...
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...
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 Bank starts offering CNY savings accounts
Move to tap currency’s booming popularity, as China is expected to further liberalize policies for yuan-denominated investment instruments.
SBI to add 4 South Africa branches
The lender chose organic growth than M&A for expansion as it opens opportunity for sustained growth for those wanting to tap into the Indian market.
PNB steps up global operations expansion
Aside from pending licensure in Australia and Canada, the lender eyes to move its international operations headquarters to London.
StanChart appoints Sandeep Das as private banking head
The move is part of the lender’s drive to its top management in South Asia.
DBS Indonesia president-director Hendra Gunawan resigns
The lender’s corporate banking director Dani Prabawa replace Gunawan as UOB confirmed the latter’s transfer to them.
Hong Leong Bank re-organises its management roster
The new line-up to prepare the lender to take advantage on growth opportunities in the country and region.
StanChart appoints Saurabh Agrawal as South Asia corporate finance head
Former Bank of America executive will replace V. Anantharaman, who has been reassigned as the lender’s South Asia co-head for wholesale banking.
BPI extends its CEO’s term
Two year extension of Aurelio Montilnola’s term has been approved in line with his transformative initiatives.
PBCom silent on 67% stake bidders
Macquarie, adviser for the merger, would submit its recommendation to the bank after it completed its evaluation.
CIMB: Merger with RHB must be ‘value creating’
CIMB plans to have talks with Aabar Investments regarding the merger.
7 Philippine banks gets Moody’s credit rating upgrade
The rating agency said the rise in rating was in line with the upgrade of the Philippines' foreign currency deposit ceiling to Ba2 from Ba3.
Lone Star files appeal to invalidate KEB charges
A lawyer for LSF-KEB Holdings SCA, which holds Lone Star's stake in KEB, said the fund had not deliberately manipulated KEB unit’s stock prices.
StanChart South Korea workers plan to go on strike
Employees demand that the lender should cease adoption of an incentive-based salary system, which is seen to cut salaries by as much as 46%
Woori fails to acquire Hanmi
Setback in $240mn Hanmi takeover seen to affect Woori's plans for overseas expansion.
ICICI denies report it’s in talks with Spring Bank
A statement by the Nigerian lender said it is in negotiations with potential investors including ICICI.
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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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