Korea
KB Financial gears up for global expansion
Lender's chief said it must prepare to form strategic alliances with global companies.
KB Financial gears up for global expansion
Lender's chief said it must prepare to form strategic alliances with global companies.
Korean lenders to post better third quarter earnings
Banks' income fall hit by massive reserves related to corporate overhauls and distressed property loans.
Korean banks having difficulty in localising overseas branches
Seven lenders only had average score as they shifted their priority to stabilising operations at home.
Korea’s NPS mulls buying stake in Woori Finance
$258bln pension fund may join Hana Financial to make a bid or venture its own investment.
Woori targets topping rivals via Hanmi Financial deal
Deal aimed to help Woori secure position and raise awareness among Americans.
Morgan Stanley applies as bidder for Woori takeover
Analysts see JP Morgan or UBS to acquire Woori among eight shortlisted bidders.
ANZ to study KEB for takeover bid
Analysts believe KEB shares to improve as ANZ becomes keen on carrying over the acquisition.
Regulator tightens Korean banks' internal control system checks
Frequent financial troubles plaguing lenders prompted FSS to form check list of incidents and inspect firms.
Lone Star halts $4bln KEB stake divestment
Paper reported Lone Star decided to suspend sale because of huge price gap with potential buyers.
ANZ targets $3.8bln Korea Exchange Bank stake
ANZ wants to acquire 57.27% while MBK is still trying to bid for 51% of KEB.
KB Financial to shift focus to marketing
88 percent of the back office staff at Kookmin Bank to be reassigned to marketing tasks.
Lone Star close to recover $1.84bln KEB investment
KEB’s interim dividend payment could mean that planned sale of lender would be postponed.
KB Financial chief uninterested in Woori takeover
Lender wants to recover from losses first before it considers acquiring other banks.
Hana prepares to take over Woori
Yet banking experts are worried that the acquisition will strain Hana’s resources.
Standard Chartered First Bank wins at the 2010 Customer Centric Management Awards
Standard Chartered First Bank (SCFB) won the Grand Prize at the 2010 Customer Centric Management Awards for its new ‘Customer First’ strategic initiative.
Woori expected to be privatized this month
Public Fund Oversight Committee seen to outline a strategy after postponement due to European debt crisis.
MBK mulls bidding for 51% of KEB stake
Lone Star's sale could be delayed due to its inability to attract bidders behind global uncertainties.
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