Retail Banking
Indonesian regulator grants Maybank extension to cut BII stake
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.
Bank Rakyat Indonesia eyes buying mid-sized lender
Aims to buy majority stake of a smaller bank with identical vision with its micro-loan expansion.
Metrobank to price $230mln rights issue in December
Seeks to raise additional capital to take advantage of growth opportunities given the improving economic conditions.
Moody's reviews Hana Bank and KEB
Moody’s placed all Hana Bank ratings on review for possible downgrade while eyeing Korea Exchange Bank’s debt and deposit ratings for possible...
Bank Mandiri keen to expand ties with ICBC
The Indonesian bank to exploit growing business potential between Indonesia and China.
XacBank is a growing franchise, says Moody’s
Moody's has assigned XacBank a D- Bank Financial Strength Rating. The Mongolia-based bank also received a Ba3/NP for long- and short-term local...
StanChart targets Taiwan`s top foreign bank spot
The lender aims to accomplish feat in 3-5 years time as it has recruited 100 more new employees.
ICICI Bank sees 18% credit growth in 2010-11
The lender attributes positive growth to its healthy current accounts and savings accounts deposits level.
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