Trade Finance
Commerce chamber in India wants stock brokers to run banks
The Associated Chambers of Commerce and Industry insists that stock broking firms should be permitted to operate banks.
Commerce chamber in India wants stock brokers to run banks
The Associated Chambers of Commerce and Industry insists that stock broking firms should be permitted to operate banks.
Korean banks end financing for entrepot trade with Iran
South Korean trading firms have been barred from engaging in entrepot trade related to Iranian firms as local state-run banks suspended trade...
Korean banks to be required park cash reserves for bank bonds
Korean banks will be required to put aside cash reserves for won-denominated bonds that come due in less than two years.
CIMB's new product allows clients to trade shares online
CIMB Bank launched its CIMB Trader Deposit Account, a combination of savings deposit with a securitised direct share trading account that allows...
OCBC and Lion Global ink deal to launch new unit trust
The trust intends to provide positive returns and has an investment time frame of five years.
CIMB Offers Online Will Writing
CIMB Bank Bhd and CIMB Islamic Bank Bhd recently launched "Wills Online", making it the first bank in the country to offer conventional and Islamic...
Korean banks burdened by malpractices
The banking sector suffered the most among financial firms on account of irregularities caused by employees, reports Yonhap News.
List of banks to handle Oilbak's IPO narrowed down
Hyundai Oilbank, South Korea's smallest crude oil refiner, has narrowed down a group of banks to handle its up to $2 billion IPO planned for early...
HSBC expands renminbi trade services to all China branches
The move will provide the lender widest geographic RMB trade coverage among all foreign banks in China.
Two more Vietnam banks to sell gold deposits
The State Bank of Vietnam allowed 2 more commercial banks to sell gold deposits to intervene the local gold market.
Omgeo appoints Nellie Dagdag as executive director in Asia Pacific
Ms Dagdag will be responsible for senior leadership at the sales and solution delivery department.
Thailand allows 5 foreign banks to offer baht bonds
BNP Paribas, Banco Santander Chile, Westpac, Svenska Handelsbanken, and Woori Bank can already sell a combined $1.1bn baht-denominated bonds.
Commonwealth Bank resolves class action suit
The class action by retiree Elizabeth Saunders and 14 others settled on a confidential basis.
Bank Of East Asia issues US$3bn Medium Term Note programme
The programme is aimed to achieve greater flexibility and diversity in the lender’s asset and liability management.
Vietnam banks race to raise gold saving interest rates
Gold saving interest rates at many Vietnam banks have increased sharply from 0.1% – 0.5%/year to 1% -1.5%/year. There are some banks that have raised...
Bank Danamon earns $564mn in rights issue
Foreign institutions constitute the majority of buyers of the rights whose proceeds are to be used for the lender’s expansion.
Public Bank's low share price warns of downside risk for banks
Public Bank's share price fell to almost a year low in late September, closing 16 sen lower at RM12.04, according to Bernama.
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CIMB Niaga leads the way in captivating Indonesia’s youth
![CIMB Niaga leads the way in captivating Indonesia’s youth]()
The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.
The bank’s digital solutions are winning over younger generations with 3.
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