News
HSBC sells private banking unit in Japan to Credit Suisse
HSBC sells private banking unit in Japan to Credit Suisse
This is part of HSBC's strategy to cut $3.5b annual costs.
Sacombank to sell 15% stake to Credit Suisse in January
Vietnamese banks are indeed looking to foreign investors for capital support.
AMMB Holdings to buy Kurnia Insurans
But it is yet to have the central bank and finance ministry's approval for the bid.
Malaysia facilitates entry of Indonesia's Mandiri
Requirements have been relaxed for Indonesia's state-run Bank Mandiri to operate in Malaysia by the end of next year.
India may sue HSBC over black money
The Indian government may sue HSBC for persuading their executives to stash undeclared money in a Geneva branch.
Korea's bank loans to self-employed people reach $88.8B
Bank loans in South Korea taken out by self-employed business owners reached a record high in November.
ABBank posts pretax profit of $18.6M in Jan-Nov
ABBank reported a pretax profit of VND391.3 billion or $18.6 million in the first eleven months of the year.
DBS establishes USD 5b commercial paper programme
Guess who DBS selected as dealers under the programme?
ABN Amro reopens branch in Hong Kong
The commercial banking unit in Hong Kong is staffed by two bankers.
Gov’t support dispels big impact of new rating criteria to AsiaPac banks
And the outlooks on 79% of the banks in the region are stable under the new criteria.
Standard Chartered to increase financing for Indian companies
According to Bloomberg, StanChart ranks third in Indian mergers advisory this year.
Woori should not be bought by private-equity funds: Lee
So as to avoid the mistake that happened when Lone Star Funds acquired Korea Exchange Bank, said Lee Jae Sool.
People's Bank of China to create $300b investment vehicle
According to Reuters, the vehicle will target investments in the US and Europe.
China headed for a banking crisis
61% of global investors predict that the country will face a crisis within the next five years.
Hong Kong banking bill 2011 amendments to be gazetted
Hong Kong's Banking Bill 2011 will be gazetted on December 9.
Bank Islam expects improved Q4 results
Bank Islam expects better fourth quarter results ending Dec 31, said managing director Datuk Seri Zukri Samat.
Bank Islam to expand in Indonesia, Bangladesh
Bank Islam is eyeing opportunities for expansion in Indonesia and Bangladesh.
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Productive sectors need more capital to stimulate the slowing economy.
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The Asian connection: China's path to sustainable growth