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KB’s new chair seeks 30% company value boost
KB’s new chair seeks 30% company value boost
Euh Yoon Dae vowed to quit post if he could not improve group’s stock value.
Fitch sees another dull year for Japanese banks
Agency expects no immediate change in ratings as lenders' profitability expected to remain weak in FY2011.
NAB quits competition for RBS branches
Source said Australian lender leaves Banco Santander in race due to concerns on market conditions.
Bank of China set to release convertible bond
Subscriptions for $5.9bln issue beginning on Wednesday is part of fundraising wave by Chinese banks.
Fitch gives CIMB Bank BBB+ rating with Positive Outlook
Upgrades Individual Rating from C to B/C due to improved balance sheet position and earnings.
NAB, Santander move ahead in RBS unit sale
Source said lenders topped rival BBVA as the latter failed to provide better offer.
2 China megabanks near bonds, shares offering launch
Country's securities regulator approved Bank of China bonds offering while it will review BoComm's proposal Friday.
Bank Mandiri targets being in ASEAN big three
Lender launched plan of being in region's top 5 by 2014 and top 3 by 2020.
Korea needs globally competitive bank to weather crisis
Kamco CEO said country needs a megabank capable of attracting stable funding in global financial markets.
Extension of Axa Asia deal with NAB possible
Parties discuss move to sell assets to appease the Australian Competition & Consumer Commission.
Australian banks brace for class action
IMF Australia to represent 500,000 Australians in accusing lenders of illegally charging US$4.5bln for minor violations.
China's top banks secure approval to raise $42bln
Country’s cabinet gives nod to 4 biggest listed lenders to use securities market in replenishing capital.
Moody's says M&A of Korean banks pose risks
Country's stable credit put on risks as KEB is being sold and Woori privatised.
National Australia Bank profit down 21% to $2bln
But lender positive that business lending spurt can help drive profit up in next 6 months.
KB Financial begins choosing next CEO
Three outside personnel search bodies to shortlist bets for interview May 20 and selection by mid-June.
Westpac profit up 30% to US$2.5bln
Lender posted above-expected net profit but cautious on Europe credit crisis’ effect on Australian market.
ANZ Bank dismisses AXA offer
AXA CEO lost interest in bid despite encouraging suggestions from US and Australian investors.
Commentary
Embracing Change and Capturing Opportunities with Insights from Leading Chinese Banks