News

Move ends speculations on deferment of $30bln IPO due to lukewarm interest and concerns.

India government eyed to subscribe in the multibillion rights issue to take place in H2FY11.

Alliance expected to offer coverage representing 25% of global market capitalisation.

74% of Gen Ys have specific saving goals while only 27% have concrete saving plans.

Agreement will enable Bank of Shanghai to promote China Mobile's mobile payment services.

Lender will use the 7-year, AA- rated subordinated bonds to fund car and micro loans.

ANZ eager to acquire Bank Panin for $1.3bln as Gunawan family sells 46% of Indonesian lender.

PNB avails itself of services of four international banks after meeting with Taiwan and Singapore lenders.

Tie-up brings product to China to make money transfer simpler and more efficient for their cardholders.

Revised ratings for 3 lenders due to their strong liquidity position.

Downsizing to $4.8bln from $6.14bln may prompt AgBank to lower its $30bln target.

$76mln deal will add 69 US branches to NAB's US network and $2.2bln in new deposits.

Possible easing on banking regulation encourages up to 8 foreign lenders to establish unit.

Agency expects no immediate change in ratings as lenders' profitability expected to remain weak in FY2011.

Reports say company in initial stage of negotiation to acquire 51% KEB stake amounting $3.6bln.

British bank HSBC is in talks that could lead to five separate management buyouts of its private equity fund management businesses as banks go back to focusing on core operations.