News

Citibank Korea faces sanction for irregular transactions

Citibank Korea faces sanction for irregular transactions

Citibank Korea will be reprimanded for having been negligent in consumer protection.

Indonesia's PNM to sell $103-M in bonds to fund expansion

Permodalan Nasional Madani plans to sell Rp 1 trillion ($103 million) worth of bonds to finance its expansion.

Bank Danamon feared to report lower FY12 earnings

That is versus analyst's IDR4t estimate.

Vietnamese oppose plan to pay using bank cheques

Government wants payment via banks to create a non-cash economy.

Fubon Financial tops peers in earnings

Fubon Financial credits its wealth management products for its net income of NT$4.04 billion last month.

S. Korea uncovers hacking scheme to steal bank certificates

A large-scale hacking scheme caused the loss of personal financial transaction information of bank clients.

Philippines' bank lending standards eased in 4Q12

It's attributed to improvement liquidity of banks’ asset portfolio.

Check out Wing Hang Bank's special promotion for the Lunar New Year

Customers who start a My Kid Savings Plan are entitled to a 1.75% interest rate.

CCB International bullish on Chinese banking sector

Said sector to gain boost from solid Chinese economy.

United Bank of India to get capital infusion

The United Bank of India will likely get Rs 100 crore fund infusion through share issuance to the government.

Bank Rakyat Indonesia posts $1.9-B profit in 2012

Rising loan demand pushed Bank Rakyat Indonesia's profit by 23 percent in 2012.

Banks to answer for fake ATM notes in rural India

India wants to change the law that makes the holder of counterfeit currency responsible.

Indonesia's BCA raises $207-M from stake sale

Bank Central Asia raked in $207 million from treasury stock sale to the Credit Suisse Group in Hong Kong.

Thai banks' household loans under watch

The Bank of Thailand said it was keeping a close watch on credit for the purchase of cars and condominiums.