News

In a stunning move that will have regional banks in Asia wondering when the Chinese will come for them, ICBC has just agreed to fork out $545 million to Bangkok Bank for its 20 percent stake in ACL.

Retail banking would broaden CIMB's customer segment coverage with the bank's new operations in Singapore.

Partnership will strengthen CDB's presence in Asia-Pacific region with ANZ as its agent.

The bank pushes Taiwanese government to offer reverse mortgage to convert home into cash.

Continuous surge in inflow of money from Filipino workers abroad could produce $4.5 billion by yearend.

The inauguration of ANZ's first rural branch in China aims to cement its position of being Australia's highest earning bank from its Asian operations.

Roughly about 80 million seniors in India are being persuaded by banks to avail of customised products.

A Hong Kong businessman bought RMB-denominated bonds out of the renminbi equivalent of US$2.19 million he received via the renminbi trade.

The Agricultural Bank of China, China Merchants Bank and China Minsheng Banking Corp will use Deutsche Bank’s payment technology.

Backed by the central government, the winner between Bank of China and the Bank of Shanghai will offer loans at cheaper rates aimed to boost economy.

Government should exercise its regulatory role more strictly, said former Prime Minister Paul Keating.

The two companies target to sell 50,000 of Thailand's first housing credit card in the first year of its release.

Chinese government extends maturity of bail-out bonds for another ten years after CCB announced inability to repay loans.

CEO Ho Ching said company’s early move reaps 32 percent growth in investment.

BPI Family Savings senior executive Mercedes Roces said the bank now offers comprehensive cash management package to SMEs.

Foreign banks cut investments in CMB since August 2009, with JP Morgan Chase & Co., UBS and Barclays Bank among the said investors.