In Focus
KEB union warns walkout if merger takes place
KEB union warns walkout if merger takes place
Many KEB workers hit Hana chairman for trying to pacify angry sentiment over the FSC’s alleged endorsement of the Hana-Lone Star deal.
Singapore banks slash job perks for expats
Blame it on supply and demand as more senior bankers now want to have Asia experience on their CV.
Nomura Holdings slashes EU assets by 83%
The debt crisis caused Japan’s largest brokerage to reduce its assets in Italy.
RHB Capital may issue stocks to pay for OSK Holdings
RHB may issue new shares equivalent to as much as 10 percent of its existing equity to pay for the unit, according to Bloomberg.
Asian banking capitalization better than before: Malaysian central bank governor
Asia's financial institutions can cope with possible global financial meltdown caused by Europe's debt crisis due to its good capitalization, according to the governor of Malaysian central bank.
Singapore banks warned on threats from foreign currency loans
The central bank warns of a sudden spike in global risk aversion that can hurt the Singapore banking system.
Chinese banking regulators warn lenders on risks from unprofitable gov't projects
And worse, loans to property developers are doomed to sour as sales slow.
Temasek and Khazanah hire banks for S$5b property development loans
Eight lenders will contribute to the five-year bullet facility, according to Bloomberg.
Temasek may buy BofA's shares in China Construction Bank Corp
But Temasek’s spokesperson neither confirms nor denies the ‘market speculation'.
Mitsubishi UFJ raises full-year profit target by 50%
The Japanese bank's gain from conversion of shares in Morgan Stanley drove the profit target increase.
Japanese banks to buy assets in the euro zone
With more than $6 billion in spare cash, why not?
ANZ targets ‘pretty aggressive’ growth in China: Chairman
Encouraged by a revenue jump of 80 percent in its last fiscal year, ANZ is targeting “pretty aggressive” growth in China.
You won’t believe how depressing employment in Asian banks can get
It's pretty grim for bank employees looking for a job.
What you need to know about loans in Singapore banks
UOB remains an analyst’s best pick being the least aggressive lender over the past 36 months.
Korea Exchange Bank’s profit suffer from pending buyout
The Bank posted a significant 63% drop in its 3Q11 profit after Lone Star Funds announced it would sell its stake to Hana Financial Group.
Asian banks hit by another round of massive job cuts
Credit Suisse and Nomura Holdings recently announced cost cutting, all the more proving Asia’s falling job market.
Japanese banks shift money into US to escape Euro crisis
The sovereign debt crisis in the Euro zone sure got Japanese banks worried.
Commentary
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The Asian connection: China's path to sustainable growth