Retail Banking
Siam City Bank stake deal set for signing
Sources said Thanachart Bank had $984mln bid to acquire 48% of SCB from Bank of Thailand.
Siam City Bank stake deal set for signing
Sources said Thanachart Bank had $984mln bid to acquire 48% of SCB from Bank of Thailand.
Lone Star eyes selling Korea Exchange Bank stake
Buyout fund restarts attempt to dislodge 51% share in KEB despite pending appeal at Supreme Court.
Tse appointed HSBC asset management CEO in Singapore
Ms Mah Yeok Fun, the incumbent, will take up the newly created role of Head of Institutional Business Development, South East Asia.
3 Indian banks set to raise capital
Bank of Baroda, Bank of India and Corporation Bank eye acquiring total $1.2bln for expansion.
Maybank acknowledges Bank Negara’s consolidation programme behind growth
Yet lender expressed worries on expected increase in inflation and interest rate.
India asks legislators to trim State Bank stake
Selling 8.41% of its stake in lender aimed to generate $2.5bln needed for its growth.
China Development Bank to evaluate tie-up with Barclays
Lackluster performance of banks after two years of partnership forced CDB's board to review relationship.
RHB partners with TM Asia Life for bancassurance
MoU gives bank 10-year right to sell insurer's plans while latter pays $30mln exclusivity fee.
OCBC Malaysia 2009 profit slides 1%
Higher loan provisions lower net despite 4% revenue surge and 6% increase in operating profit.
Banco De Oro 2009 profit up 173%
Higher operating income and better cost management boosted bank's net to $132.53mln.
HSBC to join Bank of Communications' rights issue
HSBC sees BoCom's fundraising move as opportunity to add its 20% stake and increase China investments.
Woori set to be privatised in 2010
Government intends to complete lender's privatisation to maximise company value amid above 300% profit growth performance.
Fitch: Taiwanese banks to see modest improvements in 2010
Fitch Ratings expects Taiwanese banks to generate slightly better earnings in 2010 as they benefit from the modest global economic recovery.
HSBC pre-tax profits down 23.9% to US$7,079 million
Group Chairman Stephen Green says the decrease is part due to the reversal of fair value accounting gains on the bank's own debt.
China banks' loans to foreign shipbuilders surge
Lending increased by more than 10% as banks follow government’s initiative to revitalise shipbuilding industry.
Bank Danamon 2009 net unchanged at $165.24mln
Lender’s CAR topped 20.7% as its equity grew 49% despite flat profit performance.
Hong Leong Q2 profit down 13% at $66mln
Lender is upbeat Malaysia's economic recovery in second half of 2010 would provide it growth opportunities.
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