News

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.

Regulators' pressure prompts BOC and CCB to put up measures to curb lending.

With banks in China confirmed to have suspended new lending since 19 January, import orders for commodities and machineries are seen to be affected the most.

EONCap considers bids from other banks as it is studying Hong Leong's $1.44bln cash offer.

Tie-up was spurred by the signing of financial Memorandum of Understanding between Taiwan and Mainland.

ATM manufacturer reports sales down, profits down, no sign of recovery as banks delay replacing old systems.

Bank wants its new shareholder to help fortify operations and to revise bank's 2010 core business plan.

Move is part of Woori's plan to capture Korean American market in the two US coasts.