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Taiwanese lawmakers reject state-bank merger bid
Taiwanese lawmakers reject state-bank merger bid
Finance committee doubts Bank of Taiwan and Land Bank union will create synergy.
Bank of the Philippine Islands 2010 prospects mixed
BPI expects economy could go either way as country conducts presidential elections next year.
Singapore banking system sound despite economic volatility—Moody’s
The Aaa-rated government is capable of supporting its lenders to become drivers for economic growth.
OCBC Bank Malaysia expects surge in SME loans
Malaysia's biggest foreign-owned lender attributes 30 percent year-on-year growth on new SME loan method.
ICICI to obtain Singapore’s nod for full operation
ICICI eyes to operate in Singapore after getting clearance to operate in Britain and Canada.
‘Competitive pressure’ on Australia’s Big Four banks ensured
Australian government set measures to intensify competition among its biggest banks to cut banking charges.
Weak economic climate hinders Taiwan banks’ profitability
Taiwan's banking sector remains one of the least profitable in Asia with slim prospects for near-term profit growth. This is due to the slow pace of...
Kookmin Bank’s CEO promoted as KB Financial’s chair
Kang Chung-won appointment pushes through despite allegations of bias by other candidates.
S&P affirms Dah Sing's profitability rating
Standard & Poor's affirmed its 'BBB+' long-term and 'A-2' short-term counterparty credit ratings on Dah Sing Bank. The outlook on the long-term...
Reserve Bank of India loosens bad debt provision
Regulator gave in to bankers' appeal for easier dispensation that reduces pressure on banks.
Bank Negara Indonesia's net soars by 123%
Surge in profit was due to 15 percent growth in loans and 24 percent surge in fee-based income.
Japanese regional banks need to improve profitability
Sixteen Japanese regional banks posted core profits of US$3.55 billion in the first half of fiscal 2009. The figure is down 11 percent from the same...
Thailand to raise $1bln in Siam City sale
Sources say central bank would sell its 48 percent stake as Thai government loosens foreign investments restrictions.
IDBI Bank names Canara Bank as merger target
IDBI Bank believes the union would increase likelihood of expanding presence in three states.
Taiwan regulator rejects China Strategic's Nan Shan bid
Lack of details and inconsistencies in data caused regulator's disapproval.
China regulator allows banks to invest in insurers
China's banking regulator has issued decision despite caution on possible problems resulting from financial sector integration.
India seeks advice on banking consolidation
Finance Ministry has requested public sector banks' counsel on the move despite RBI's adverse stand.
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1. UOB to take legal action against Yang Kee Logistics’ ex-CEO 2. OCBC to finance $10.9b of investments to UK growth sectors 3. Singapore’s financial sector turns to contract hiring for cost control 4. India’s credit card spend slumps 9% MoM to 7-month low 5. ANZ moves up incoming CEO Nuno Matos’ start date to May 12Resource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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