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Mega banned: Indonesia’s Mega Bank banned from opening new branches
Mega has weak internal control, and Bank Indonesia isn’t happy about it.
Mega banned: Indonesia’s Mega Bank banned from opening new branches
Mega has weak internal control, and Bank Indonesia isn’t happy about it.
Westpac Bank gets go signal for Beijing branch launching
Branch would be the lender’s second in China as it expand in its strategically important market for its customers.
South Korea willing to ease rules to sell Woori
FSC to allow local bank holding firms to buy only 50% stake in a holding firm with government stake to improve chances of privatising Woori.
Chinese banks threatened by new capital rules
The China Banking Regulatory Commission's new 4% leverage ratio requirement means more pressure to maintain a solid capital base.
Vietnamese banks hit the credit brakes
Inflation is out of control so the The State Bank of Vietnam has limited credit growth of banks to 20% in 2011.
PBCom sells $99.28mn worth of shares
PBCom has about 52.6mn common shares and another 120mn preferred shares to which the floor price of P25 a share would apply for this bidding.
Phongsavanh becomes first Lao bank to offer VISA, MasterCard services
Phongsavanh became the first private bank in the Lao PDR to provide services for VISA and MasterCard.
BCEL, China bank sign deal to ease currency exchange
BCEL signed an agreement with Pudian Bank of China to facilitate the opening of accounts and simplify currency exchange between the two banks.
Bank Mandiri plans buying micro banks
Availability of funds the allows the lender to expand network by buying medium sized banks.
China Minsheng Bank targets issue of $3.15bn bonds
The bond issuance could help to expand the bank’s funding sources and lower the cost of funding.
South Korea regulator pushes for Woori sale
The FSC chairman said the partner who acquires Woori will enjoy enough economic benefits and wanted to see foreign bidders.
Punjab National Bank seeks buying 33% of MetLife India stake
PNB is keen on investing in an insurance company which would offer higher stake at an attractive price.
CIMB Q1 net profit up 9.4%
CIMB Group Holdings Bhd's net profit for first quarter was 9.4% higher year-on-year at RM917million.
Action recommended against ex-Gurkha Bank officials
A meeting of the NRB Board of Directors on Tuesday recommended action against the former Gurkha Development Bank officials, employees and creditors as per the Banking Offense Act.
StanChart affiliates, OCBC eye Bank Muamalat
A Standard Chartered plc affiliate, Qatar Islamic Bank SAQ and Oversea-Chinese Banking Corp are among bidders for a controlling stake in PT Bank Muamalat Indonesia.
Hua Nan Bank plans buying stake in Fujian Haixia Bank
The lender plans to acquire Chinese banks stakes as many as regulations allow considering future possibility of Taiwan banks being depent on the China market.
StanChart keen on expanding India’s M&A financing
The lender sees M&A financing as a huge area of growth despite being a highly competitive product.
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Thai central bank’s digital payments on ‘top of the world’
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The Bank of Thailand is eyeing to expand connectivity with more countries.
The Bank of Thailand is eyeing to expand connectivity with more countries.
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