In Focus
Rich banks not lending enough money to real economy
Rich banks not lending enough money to real economy
The People's Bank of China insists that China’s cash-flush banks lend more money to productive sectors of the economy.
Indonesia expects slower lending growth
A slowdown in exports and a new lending rules will hobble lending growth by Indonesia's commercial banks in the second half of the year.
India banking sector slows on sputtering economy
Banks' credit grew just 1.2% in the first quarter of the fiscal year that began in April.
South Korea cuts key bank interest rate to fend-off recession
The Bank of Korea yesterday cut its benchmark seven-day repurchase rate by a quarter of a percentage point to 3%.
Surprise Chinese banking rate cut continues to backfire
Fears spread as the Chinese central bank recently reduced its main lending rate by 0.31 percentage points to 6%.
Japanese banks see growth in lending to Korean conglomerates
Japanese banks are targeting South Korean conglomerates seeking funds for global expansion.
Foreign banks with large deposits must incorporate in Singapore
Singapore takes an unusual step to protect its banking sector amidst the ongoing international financial crisis.
China considers DIS to mitigate coming bank failures
The souring economy is forcing China to hedge against bank bankruptcies.
Taiwan sees more business for its banks in China
China should facilitate the entry of more foreign banks into its restricted banking sector.
Singapore to force foreign banks to incorporate locally
Foreign banks in Singapore holding large deposits may be forced to incorporate their retail operations locally.
China’s Big Four converge on Australia
China’s big banks are doing their utmost to fill the vacuum left by the withdrawal of European bankers from Australia.
BoC becomes first mainland bank to open branch in Taiwan
The Bank of China became the first mainland bank to commercially operate in Taiwan with the opening of its Taipei branch.
Aggressive Philippine bank continues M&A spree
Asia United Bank has completed the acquisition of its third Philippine bank in three years.
China’s state-run banks could be in trouble
While not downgraded by credit ratings agencies, China’s huge state-owned banks are cause for serious concern in the weakening economy.
Vietnamese banks remained weak in 2011
The State Bank of Vietnam reports less than satisfactory metrics for Vietnam’s banking sector in 2011.
Australian banks shift more fees to small businesses
A Reserve of Australia report showed that households paid 7 percent less bankfees, but businesses paid 5.5 percent more.
Major Japanese bank to expand overseas lending by 32%
Sumitomo Mitsui Trust Holdings, Inc looks to invest a massive amount on a European buying spree.
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