Trade Finance
ACB raises gold deposit interest rate to 2.5%
ACB raised its gold deposit interest rate to 2.5% per annum through their “gold day with ACB” program.
ACB raises gold deposit interest rate to 2.5%
ACB raised its gold deposit interest rate to 2.5% per annum through their “gold day with ACB” program.
Bank Rakyat eyes more acquisitions
Bank Rakyat Indonesia's local expansion plans include buying into a local brokerage company or acquiring a bank.
Chinatrust takes over Metlife Taiwan Insurance
All existing employees of MetLife Taiwan will be retained and CFHC will maintain employee's salary and welfare policies for the next two years.
Korea's regulator to decide on Lone Star's stake sale this week
South Korea's Financial Services Commission will decide this week whether to order Lone Star Funds to lower its 51.02 percent stake in KEB to 10...
Woori Bank to sue Citi, BoA, RBS over losses
Woori Bank plans to sue 3 foreign banks in a New York federal court due to improper sale of risky derivatives that caused it to incur heavy losses.
CCB says Bank of America deal won't affect development
A China Construction Bank spokesman said that Bank of America's decision to sell most of its CCB shares will not affect CCB's development.
VIB launches foreign direct investing service
VIB became one of the first commercial joint stock banks to offer packaged banking products and services for the Financial Supervisory Service...
Tinnghiabank's gold deposit interest rates now over 3%
TinNghiaBank increased its interest ratesfor gold certificates to 3.1%, and up 0.4% from the bank’s previous level.
The power of analytics on the financial industry
The impact the global financial crisis had on financial services has been well documented; however one of the most interesting insights it revealed...
India, Myanmar must conclude banking cooperation to boost trade: CII
India and Myanmar should conclude an agreement on cooperation in banking and financial services to boost flow of two-way investment and trade.
Bank Rakyat favored by 3 brokerages
Three brokerages nominated Bank Rakyat Indonesia as their top pick for banking stocks due to strong profitability from its key businesses.
Korea's Eximbank raises US$612 M through sale of Uridashi bonds
The Export-Import Bank of Korea raised US$612 million by selling "Uridashi" bonds in Japan.
BNP Paribas dealing to buy out Indian broking partner
BNP Paribas is negotiating to but out its Indian partner Geojit Financial Services in an institutional broking joint venture.
Commerce chamber in India wants stock brokers to run banks
The Associated Chambers of Commerce and Industry insists that stock broking firms should be permitted to operate banks.
Korean banks end financing for entrepot trade with Iran
South Korean trading firms have been barred from engaging in entrepot trade related to Iranian firms as local state-run banks suspended trade...
Korean banks to be required park cash reserves for bank bonds
Korean banks will be required to put aside cash reserves for won-denominated bonds that come due in less than two years.
CIMB's new product allows clients to trade shares online
CIMB Bank launched its CIMB Trader Deposit Account, a combination of savings deposit with a securitised direct share trading account that allows...
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