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RHB and CIMB refute merger talks
An RHB official denied last week report saying that it is not in any discussion with CIMB on any potential takeover offer.
RHB and CIMB refute merger talks
An RHB official denied last week report saying that it is not in any discussion with CIMB on any potential takeover offer.
India’s public sector bank employees defers strike
The employees’ union wants to coincide strike with the opening of Parliament session in August to protest on
Vietnam banks struggle to lower non-manufacturing sector loans
Six of 17 banks in Ho Chi Minh City are struggling to slash credits for non-productive sectors to 22% of their total outstanding loans.
Smaller players catching up with China’s big four
The big four have seen their share of all local retail deposits slide from 66% in 2004 to 58% in 2011.
RHB Capital targets taking over CIMB
Should the deal take place, it would generate a combined market value of $28.5bn.
ICBC provides petty loans for individual industrial and commercial households
ICBC rolled out the pilot service of personal petty loans to meet their funding needs, providing small RMB loans for their short-term working capital.
ABC teams up with Taiwan Cooperative Bank
ABC and Taiwan Cooperative Bank will enter into comprehensive cooperation in corporate banking, investment banking, treasury operations, trade finance, custody business, risk management, information exchange and personnel training.
ABC, Cathay United Bank sign cooperation agreement
ABC has signed a memorandum of understanding with Cathay United Bank to enter into broad cooperation in several areas.
Bank of China cross-border RMB settlement surpasses 1 trillion
As of the end of May 2011, Bank of China's cross-border RMB settlement transaction volume had remained the market-leading position with more than RMB 1 trillion.
China Exim Bank eyes multinational status
The Export-Import Bank of China intends to develop into a large multinational financial institution over the next five years.
KEB pays out record amount of dividend
KEB will pay out an interim dividend of 1,510 won or US$1.42 per share for the second quarter, allowing its biggest shareholder Lone Star Funds to get large profits.
Singapore banks show stunning loan growth at 24.2% YoY
And this is driven by business loans which expanded 27.5% in May.
China regulator hunts down abusers of wealth products
CBRC banned commercial banks to offer very high rates to attract deposits disguised as wealth management products.
NAB CEO allays fears on home loan debt
Clyne said the current European financial crisis has yet to affect its funding costs.
Visa and ANZ mobile payment project hits snag
Despite a successful trial, Visa and ANZ wait for technology to evolve to fully replace credit cards with mobile phone payments in Australia.
AgBank and Wuxi govt release $2.3bn PE fund
The lender and its local rivals take part in global rush to set up China-focused PE funds.
India’s public sector banks take steps on strike
Bank unions gave a strike call against India’s move to dilute its equity in banks and give foreign investors additional voting rights.
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