Retail Banking
Taiwanese finance companies bid for AIG's Nan Shan
Taiwanese finance companies bid for AIG's Nan Shan
Chinatrust Financial, Cathay Financial, Ruentex Group and Fubon Financial to bid for AIG's 97.57% stake in Nan Shan.
China banks still encountering big risks despite going global
Chinese banks are seen to accelerate overseas expansion by boosting marketing strategies and providing services and financial instruments for high...
Bank of Philippine Islands launches online solution for SMEs
The Internet-based cash management solution delivers services to clients who need to constantly improve efficiency.
Bank of Baroda to add 900 branches and recruit 7,500
The global financial crisis spurred the bank to grow its local and international business operations.
Maybank to inject $50mln into its Philippines unit
The additional capital will be used for offering more loans in the country.
Bank of Beijing and Taiwan Business Bank ink MOU
The TBB encourages its major clients in China to apply for $14.06mln loans from the BOB.
Search is on for 8 public sector bank chiefs
Indian government kicks off move to replace chiefs of 8 banks that will retire next year.
Indonesian regulator grants Maybank extension to cut BII stake
Bapepam gave the Malaysian bank until June 1 to divest BII stake which it bought for pricey $2bln.
Korea Exchange Bank workers union rejects Hana takeover
Employees fear Hana Bank’s lower profit compared to KEB may spread to the latter.
ICICI Bank terminates special mortgage offer
India's central bank is discouraging "teaser loans" due to a higher risk of delinquencies.
Bank of America’s Asia revenue up 30%
The US bank regains its focus to revitalize its Asian presence by advising on mergers and acquisitions in the region.
Westpac seeks raising $6.64bln in Europe
The bank had to source funds by covered bonds elsewhere since they are banned in Australia.
Life insurance sales more attractive to job seekers
According to recruiting experts Hays, a career in life insurance sales is now considered more attractive to job seekers, but employer inflexibility...
Yuan transactions to reach $3tln by 2015--CCB
The currency has become more attractive since China ended a two-year peg to the dollar and investors bet on further gains.
International firms bid for Woori takeover
Six companies submitted letters of intent to the South Korean government to buy Woori’s 57% stake.
ANZ quits bidding for Korean Exchange Bank takeover
Move brought relief to ANZ’s investors, who were nervous about the capital needed to fund the acquisition.
China Everbright plans to acquire a trust company
The lender considers joining leading Chinese banks that have built presence in trust business by merging local trust companies.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
Why high capital levels are a double-edged sword for Singapore banks