News

BofA will sell its remaining 10.4 billion CCB shares to private investors this month.

South Korean banks rushed to secure long-term foreign currency loans to prepare for a possible crisis.

The net profits of Sumitomo Mitsui Financial Group Inc. and Mitsubishi UFJ Financial Group Inc. from April to September came in better than initial estimates.

TienPhongBank posted a net profit of VND79.07 billion or $3.77 million in the third quarter of this year, rising 50% from a year earlier.

There have been three block deals worth more than $2b in the past week.

The Nations Trust Bank reported post-tax profits of Rs 1,170 million for the first 9 months of the year, up 38% over the corresponding period in 2010.

The Saigon-Hanoi Bank has been allowed by the State bank of Vietnam to open a branch in Laos.

The Bank for Investment and Development of Vietnam  opened three additional branches in Ho Chi Minh City.

Indonesia's Islamic banking sector beefed up its assets by 46.55 percent to 126 trillion rupiah or some 14.002 billion U.S. dollars year on year in September.

The Chinese government may put up a monitoring system for private lending activities.

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.