News

The Governor of the State Bank of Vietnam approved VietinBank’s application to raise its charter capital from current VND16.858 to VND20.23 trillion or US$1 billion.

The banking group may issue new shares equivalent to as much as 10% of its existing equity to pay for the unit.

And the remaining stocks from BofA were bought by Chinese investors.

The Association of Banks in Malaysia hailed Bank Negara's Guidelines on Responsible Financing.

Bank Indonesia is calling for regulators to monitor purchases and banking transcations made through cellphones.

Bank Rakyat Indonesia's local expansion plans include buying into a local brokerage company or acquiring a bank.

Morgan Stanley plans to set up a brokerage business in Indonesia in the middle of next year to capitalize on its accelerating economy.

The lender's performance brought the bank’s annualized return on equity to 12.3%.

Yet the lender is still cautious of weakening global economic conditions which could signal rough times ahead.

Local banks have been advised to stop selling short-term investment products by the China Banking Regulatory Commission.

OCBC Overseas Property Financing-Australia is also a ringgit-based loan.

The ratings agency revised the Korea-based bank’s outlook to stable from positive, as there's a risk that its loans may grow well beyond the industry's average.

56 OCBC branches will now have a new account opening system.

South Korea's Financial Services Commission will decide this week whether to order Lone Star Funds to lower its 51.02 percent stake in KEB to 10 percent.

Woori Bank plans to sue 3 foreign banks in a New York federal court due to improper sale of risky derivatives that caused it to incur heavy losses.

A China Construction Bank spokesman said that Bank of America's decision to sell most of its CCB shares will not affect CCB's development.