News

Indonesian banks were asked to decrease their interest rate in order to help spur economic growth.

HSBC Bank China's capital 's parent company, the HSBC Limited, has replenished its capital with 2.8 billion yuan or US$442 million U.S. dollars.

This is Goldman’s third sale of its ICBC stock since 2006.

Inong Malinda Dee faces five to 20 years imprisonment if convicted.

FSC is probed on whether it neglected the duty of probing Lone Star’s shareholder eligibility.

ABM expects debit card usage to grow by up to 70% this year.

an Commercial Bank is eyeing corporate customers in maritime, shipbuilding, petroleum and precision engineering in the Province of Khanh Hoa with its new Nha Trang City branch.

Bank Himpunan Saudara will issue two series of bonds worth Rp 200 billion or $22.6 million to help finance its loans expansion.

New Zealand’s central bank will delay an increase in the core funding ratio to 75 percent from 70 percent by about six months to Jan. 1, 2013.

Hua Nan Commercial Bank  has been given regulatory approval to set up a branch in Hanoi in Vietnam.

Analysts anticipate that asset quality will deteriorate over the next 12-18 months, given the tightening environment.

Chinese paper reported that the American bank was weighing selling part of its remaining CCB stake to boost its capital.

The fundraising activity before March aims to augment thin capital and weakening asset quality.

The Reserve Bank of New Zealand is proposing that banks implement the Basel III capital adequacy requirements.

Sumitomo Mitsui Banking Corp. will become the first Japanese bank open a branch in Chongqing, China, by June.

Accumulated amount of all overseas investments by Japan's mega banking groups is about 2% of Tier 1 capital - but Fitch believes this growth is negligible in the near term.