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Should the deal take place, it would generate a combined market value of $28.5bn.

ICBC rolled out the pilot service of personal petty loans to meet their funding needs, providing small RMB loans for their short-term working capital.

ABC and Taiwan Cooperative Bank will enter into comprehensive cooperation in corporate banking, investment banking, treasury operations, trade finance, custody business, risk management, information exchange and personnel training.

ABC has signed a memorandum of understanding with Cathay United Bank to enter into broad cooperation in several areas.

As of the end of May 2011, Bank of China's cross-border RMB settlement transaction volume had remained the market-leading position with more than RMB 1 trillion.

The Export-Import Bank of China intends to develop into a large multinational financial institution over the next five years.

KEB will pay out an interim dividend of 1,510 won or US$1.42 per share for the second quarter, allowing its biggest shareholder Lone Star Funds to get large profits.

And this is driven by business loans which expanded 27.5% in May.

CBRC banned commercial banks to offer very high rates to attract deposits disguised as wealth management products.

Clyne said the current European financial crisis has yet to affect its funding costs.

Despite a successful trial, Visa and ANZ wait for technology to evolve to fully replace credit cards with mobile phone payments in Australia.

The lender and its local rivals take part in global rush to set up China-focused PE funds.

Bank unions gave a strike call against India’s move to dilute its equity in banks and give foreign investors additional voting rights.

Under the agreement, MasterCard’s e-commerce platform will now accept China UnionPay Cards.

The new branch in the World Finance Centre in Beijing’s Central Business District is Westpac’s sixth office in the region.

ANZ, NAB, Commonwealth Bank, and Westpac are competing for pole position in Australia’s largest trading partner.