News

The AmBank group recorded a profit of US$224 million for nine months ending 31 March. The after tax and minority interest figure translates to a 12.6 percent growth over the previous corresponding period.

Possible investment in a mainland lender is part of DBS' aggressive expansion plan.

Japanese bank lending slumped to its lowest since 2005, with some firms deferring capital investments while others turned to bond markets in a bid to raise funds.

Overvalued stake offers shun SBI and Union Bank of India from buying Indonesian banks.

A person familiar with the deal said Thanachart offered $984.3 million for the SCIB's 47.6 percent stake.

A source said the threat of seizing control over lender prompted China’s Ministry of Finance move.

The agency issued warning after it downgraded China Merchants and China CITIC over bad debt.

Lenders still eager to acquire 47.6 percent stake in Siam City after three other bidders quit.

Lower loan-loss reserves and a one-off gain attributed to KEB's growth.

EON said Hong Leong's $1.4 billion offer undermined former's latest projected growth.

HSBC, Bank of Nova Scotia and Hong Leong remain as bidders after KDB saw potential risks.

Bank's chief said 19 percent stake in BoCom was enough as it abides by China's policies.

HSBC and KDB compete to seize the chance of extending operations in the under-banked country.

OCBC has completed the acquisition of Singapore-based ING Asia Private Bank Limited and its subsidiaries for approximately US$1,446 million.

Sale of 16 percent stake of the financial firm speeds up its privatisation.

China's tightening efforts in lending are causing stock market panic, bringing down bank valuations close to recession levels.