Retail Banking
South Korea to sell Woori Finance shares for $740 million
According to Reuters, Woori Finance is currently 73 percent owned by the South Korean government.
South Korea to sell Woori Finance shares for $740 million
According to Reuters, Woori Finance is currently 73 percent owned by the South Korean government.
Reserve Bank of India says Islamic banking ‘not feasible’
LIC has set up a team looking into Islamic products. However, a Reserve Bank of India study has recently concluded that Islamic banking may not be...
UOB wants to chop insurance arm
According to Top News, The move is a clear indication of increased optimism among executives, who are looking at terminating the business.
HSBC sees new opportunities in China under CEPA 6
HSBC might expand in Guangdong after the China Banking Regulatory Commission readies for processing Hong Kong banks' applications to open sub...
HSBC to offer Hang Seng Structured Investments
Hang Seng’s strong capital position prompts HSBC to woo investors to take part in the former’s growth potential. Body: HSBC Bank Malaysia Berhad...
ICICI banks on infrastructure lending to boost growth
Chanda Kochhar, managing director and chief executive officer, said at the sidelines of a seminar on micro, small and medium enterprises (MSME): “A...
DBS plunges into private banking market in China
DBS Group plans to set up a domestic private banking presence in China, as it sees onshore wealth management to be growing in importance and that new...
New measures spark BEA's Guangdong expansion
BEA will apply for “cross-location” sub-branches in Guangdong province under the new liberalisation measures of the Supplement VI to CEPA.
CBI to hire 2,500 young staff
CBI Executive Director Arun Kaul said the HR move is part of $54-million modernization plan to cater tech-savvy consumers.
Thai banks suffering from political uncertainty
The Thai banking system’s continuous political volatility and economic uncertainty will suppress domestic demand and investment sentiment.
ICBC buys 19.26% stake in ACL
Pursuant to the agreement, the Chinese bank which is the world's biggest lender by market value, will buy Bangkok Bank's ACL Bank shares at 11.5 Thai...
HSBC eyes RBS’ Asian assets
HSBC is in advanced discussions to buy the retail and commercial banking assets of Royal Bank of Scotland Group PLC in China, India, and Malaysia...
Thanachart Bank to raise $1.2 bln for Siam Bank shares acquisition
Thanachart’s Chairman Banterng Tantivit said in a Reuters report on Oct 6: "It is in preparation in order to buy a stake in SCIB if we win the bid...
StanChart launches priority banking in Vietnam
The service will provide Standard Chartered Bank’s customers with a series of global services including financial solutions in banking transactions...
Union Bank to ‘moderate’ expansion plans
Commenting on the move, bank’s Chairman and Managing Director MV Nair ,in a report in Business Standard, said: “These are difficult times. So, we want...
Hana Financial considers $1.7 billion offering for M&A bid
South Korea's fourth-largest Hana Financial Group Inc., which on Monday announced that it was giving a thought on a rights offer, is considered to be...
RBS ditches failing ABN Amro assets in India
Amid reports that talks with Standard Chartered Bank failed over valuation of the assets, ABN Amro bank’s spokesperson said: “RBS is in ongoing...
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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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