Taiwan

The Taiwanese bank also planned to forge ties with Bank of China.

The country’s economic recovery prompted 9 banks to beef up workforce.

Yet the lender still needs approval from Chinese lender to complete upgrade.

Companies to hike pay to up to 10% to employees who performed well.

Chinatrust sets its sight on Metlife after it failed to win AIG Taiwan unit bidding.

 

 

Taiwan’s Cross-Strait Common Market Foundation that the number of Taiwan banking institutions that are approved to set up China branches has grown to seven.

The lender wants to tap on Lee’s wealth of experience as executive in various Taiwanese banks.

Chinatrust Financial, Cathay Financial, Ruentex Group and Fubon Financial to bid for AIG's 97.57% stake in Nan Shan.

The TBB encourages its major clients in China to apply for $14.06mln loans from the BOB.

The company mulls selling 3.35bln common shares to increase its working capital and strengthen its financial structure.

The lender aims to accomplish feat in 3-5 years time as it has recruited 100 more new employees.

The central bank has directed banks to strictly screen mortgage applicants to help cool the soaring real estate market.

DBS is the only bank that has yet to meet the $6.6mln capital requirement for foreign lenders.

TBB will to promote personnel exchange and renminbi-based loans to Taiwanese enterprises in China. A MOU with the Bank of Beijing will be signed. According to the China Economic News Services, Taiwan Business Bank or TBB will set up a representative office in Shanghai by the end of this year. It may  be upgraded to branch a year later.   Mr. Peter T. C. Lo, chairman of TBB, indicated that financial institutions in China can obtain better profits than its counterparts in Taiwan since they see much higher interest rate gap of 5-6 percentage points. So, TBB will explore the financial market in China after inking the MOU with Bank of Beijing or BOB and establishing a foothold in Shanghai.