News

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.

Standard Chartered's problems in India caused its growth to slow down in the latest quarter.

City Union Bank today reported 25.8 per cent jump in net profit to Rs 77.52 crore for the second quarter ending September 30. For the half-year this fiscal covering April to September, the net profit of the Kumbakonam-based bank rose to Rs 136.03 crore, from Rs 105.95 crore in the same period of 2010-11, said the company statement. The total income for the second quarter ending September 30, rose to Rs 460.24 crore, as against Rs 336.08 crore. For the half-year ending September 30, the total income grew to Rs 877.26 crore as against Rs 635.42 crore recorded during the same period of previous year. For the source of this story, click here.