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HSBC Singapore cuts over 100 jobs
HSBC cut over 100 jobs in Singapore representing just over 3 percent of its 3,000-strong workforce in the city-state.
HSBC Singapore cuts over 100 jobs
HSBC cut over 100 jobs in Singapore representing just over 3 percent of its 3,000-strong workforce in the city-state.
Merger creates Japan's biggest trust bank
Three Japanese trust banks have been merged last Sunday to create the nation 's biggest trust bank.
BDO to raise $1B core capital through rights offer
BDO Unibank Inc would raise $1 billion addtional capital through a rights offer.
Kiatnakin Bank's merger with Phatra to be finalised by August
Kiatnakin Bank plans to complete its merger with Phatra Capital by August, with revenue from the integrated business to be recognised by the fourth...
Vietnam bank merger deals expected to mushroom
State Bank of Vietnam's efforts to speed up the bank restructuring process is expected to lure five to eight banks in mergers this year.
Bank BJB agrees to a higher dividend
The shareholders of Bank BJB approved the disbursement of a dividend at Rp 61.07 or 0.66 US cents a piece for the 2011 financial year.
"We are in growth mode for funds services in Asia": Citi's Cheeping Yap
Yap, Citi's new head of fund services, aims to expand Citi's fund services to China and Korea, and change some systems.
Public Bank declares cash dividend for FY2011
Public Bank has declared a cash dividend of 48 sen per share for financial year ended Dec 31, 2011.
DongA Bank wants name retained in case of merger
DongA Bank will consider merging with another lender if shareholders approve it on late March.
Chinese senior bankers subjected to stricter standards
Senior management of China's financial enterprises under the central government will have less discretion in running their firms.
HSBC denies exit plans from Bangladesh, Pakistan, NZ and Phiippines
HSBC dismissed a Financial Times report saying it plans to scale back or even exit certain Asian countries to concentrate on core areas.
Subsidiaries help lift Mandiri profits
Bank Mandiri’s subsidiary business units contributed 12.73 percent to the group’s overall net profit in 2011 with a net profit of Rp. 1.56 trillion...
Wealth Fund buys extra 1% stake in CIMB
Khazanah Nasional Bhd has increased its stake in CIMB Group Holdings Bhd by 1% to 29.9% in an open market purchase.
BIDV to sell 15% stake to chosen strategic partners
BIDV together with its consultant Morgan Stanley will actively negotiate to sell shares to foreign strategic partners with about 15 percent stake.
Sabah banks act to push up tourist numbers
Joint ventures between Sabah and foreign companies helps encourage more tourists to the state, says Sabah Chief Minister Datuk Seri Musa Aman.
Lone Star to challenge $348M tax on KEB sale
Lone Star is reviewing measures to challenge a US$348 million withholding tax on its sale of Korea Exchange Bank to Hana Financial.
Vietnam's Maritime Bank still seeking right foreign partners
Maritime Bank will appoint a foreigner to the bank’s general director position this year.
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Thai central bank’s digital payments on ‘top of the world’
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The Bank of Thailand is eyeing to expand connectivity with more countries.
The Bank of Thailand is eyeing to expand connectivity with more countries.
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