Wholesale Banking
Chinese official seeks more financial cooperation with ASEAN
A high official of China's central bank called for more financial cooperation with members of the Association of Southeast Asian Nations.
Chinese official seeks more financial cooperation with ASEAN
A high official of China's central bank called for more financial cooperation with members of the Association of Southeast Asian Nations.
China pursues financial reform
The People's Bank of China unveiled a financial reform plan for the 2011-2015 period.
State Bank of Pakistan introduces new set of prudential returns for banks
The State Bank of Pakistan introduced a set of prudential returns/statements for banks to enable it to effectively monitor and assess the risks posed...
Khoo resigns as Citi’s Southeast Asia head
Citigroup’s Southeast Asia head of financial institutions, David Khoo, has resigned.
Fitch cautions Asia-Pacific banks on weak operating environment
Fitch Ratings says a weaker operating environment in Asia Pacific may lead to rating pressure on banks in China and India.
Vietnam govt pledges to clean up banking system
The Government of Vietnam will take drastic actions in dealing with violations in the banking sector.
Nomura to slice US$1 billion in massive cost cutting
Nomura Holdings intends to save up to US$1 billion in a worldwide cost cutting program centered on its wholesale division.
US probes UK-Chinese bank connections on Iran business
US authorities have extended investigations of UK's HSBC and Standard Chartered to search for information on Chinese banks' businesses with Iran.
South Korea's financial firms cope with economic slump
South Korean financial firms are implementing pay cuts and layoffs as the global economic slump threatens their profits.
Stiffer capital rules eyed for Korea's banks
Stricter capital rules under Basel III will be implemented among Korea's banking groups starting next year.
Group exposure guidelines beneficial to Indian banks: Moody's
The Reserve Bank of India released draft guidelines to limit banks' exposure to their own group non-financial and financial entities.
Vietnam's restructuring produces first bank merger
The State Bank of Vietnam's master plan to restructure the banking system initiated in April has produced its first merger.
CBA claims BankWest takeover helped Australian economy
The Commonwealth Bank of Australia says its acquisition of BankWest maintained public and investor confidence in the stability of the Australian...
King’s Bank chairman denies plans to sell to Cathay Financial
Reports of plans by Cathay Financial to acquire King’s Town have been described as inaccurate by the latter's Chairman.
Myanmar outlines monetary development plan
Myanmar has outlined a master plan for monetary development to be implemented with the assistance of the World Bank.
Philippine Deposit Insurance Corp. approves PNB-Allied merger
The Philippine Deposit Insurance Corp. has approved the merger of Philippine National Bank and Allied Banking Corp.
Woori Financial sale falls though
Plans to privitize Woori Finance fell through as no one applied for the preliminary bids for the 57 percent government stake.
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