News

ICICI, Temasek may revive Firstsource sale

Plans may be in the works for Singaporean state investor and Indian ICICI bank to sell their stakes in Firstsource Solutions.

ICICI, Temasek may revive Firstsource sale

Plans may be in the works for Singaporean state investor and Indian ICICI bank to sell their stakes in Firstsource Solutions.

South Korean banks drop barriers in private banking market

Woori, Shinhan, and Korea Exchange banks are lowering the barriers for their private banking services to win back potentially more affluent customers.

Minsheng Bank targets $4 bln sale after HK IPO

Improved banking conditions spurred Minsheng to offer 3.32 billion shares in its Hong Kong IPO.

StanChart India to employ 3,000 by 2010

The bank targets more than 20,000 employees for the bank’s expansion in the country.

Bank of Philippine Islands, World Bank advances in energy loan program

BPI aims to augment its lend to sustainable energy projects by another $106,000.

Korea Development Bank eyes acquiring banks overseas

Korea Development Bank seeks to buy overseas banks as fierce competition in local retail financing market hampers growth.

Hong Leong collaborates with China Development Bank

The tie-up enhances funding and knowledge exchange between the two banks.

Indian Banks anticipate rise in credit losses

Indian banks are likely to gain more than they lose from the latest step taken by the Reserve Bank of India to tighten provisioning norms.

No layoffs in Hong Kong vows HSBC

HSBC's Asian operations expand as it fired 1,700 employees in Britain due to stale European economy.

Westpac, St.George merger yields below expectations

Westpac head still optimistic on bank's performance next year as economic conditions improve.

India seeks legislation downsizing stake in State Bank

Selling of shares aimed to raise funds to maintain bank's 12 percent capital adequacy ratio.

Morgan Stanley resells stake in China Investment Capital

Morgan Stanley's possible $1 billion deal will remove hindrance in expanding its presence in mainland China.

Shinhan, Korea Exchange Bank Q3 profits soar

Cost-cutting scheme of two banks has been proven effective in reducing bad loans.

Moody’s: Chinese banks want life insurers

Chinese commercial banks will increase investment in life insurers in view of the strong growth potential in the Chinese insurance sector.

StanChart Islamic unit aims expansion

Global economic recovery and opening up of some countries for Islamic banking spur StanChart Saadiq’s expansion.

Maybank welcomes partnership with Turkish bank

Maybank limits its collaboration with Bank Asya on trading and products but not in buying stakes.

Mandiri is optimistic despite incurring huge bad loans

Mandiri still managed to enjoy 0.29 percent increase in NPL ratio despite having $313-million non-performing loans.