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Vietnam needs to merge weak banks: Experts
Vietnam has too many domestic banks, many of which are overloaded with toxic debt. The banking system is also poorly governed.
Vietnam needs to merge weak banks: Experts
Vietnam has too many domestic banks, many of which are overloaded with toxic debt. The banking system is also poorly governed.
BNI profits up 23%
Higher income from interest and transaction fees pushed BNI's first quarter net profits up by 23 percent.
Eximbank to sue Kookmin Bank over Sungdong
The Export-Import Bank of Korea is suing KB Kookmin Bank over the latter's withdrawal from Sungdong Shipbuilding and Marine Engineering.
S. Korea crafts new ATM withrawal system against voice phishing
Cash withdrawals of 3 million won or more at South Korea's ATM machines will not be possible until at least 10minutes after the money has been wired.
Mixed growth for China’s banking industry in 2011
Total assets of China's banking sector jumped 19% year-on-year to US$16.8 trillion in 2011, said the People's Bank of China (PBOC), the central bank.
Indian financial industry to spend $6.8B on IT
The Indian financial services industry will spend Rs 37,700 crore or US$6.8 billion on IT products and services in 2012.
Germany's Commerzbank to expand in China by 30%
Commerzbank AG aims to grow its corporate banking business in China by as much as 30 percent this year.
China sets new capital rules for commercial banks
China placed its banks under the regulatory supervision within the Basel III framework starting Jan.1, 2013.
China's banking assets up by 19%
Assets of China's banking sector grew by 19.1 percent in 2011 to 105.8 trillion yuan or 16.8 trillion U.S. dollars.
Embezzler in 1997 Asian financial crisis sentenced to imprisonment
Rakesh Saxena, one of those accountable for the 1997 Asian Financial Crisis, has been sentenced to 10 years in prison for embezzlement.
KTC cancels inactive credit cards
Krungthai Card has cancelled about 40,000 inactive credit cards to cut operating costs.
Malaysia's Exim Bank collaborates with India's ICICI Bank and Yes Bank
Export-Import Bank of Malaysia has signed a collaborative deal with India's ICICI Bank and YES Bank, to further enhance Malaysia-India trade.
Dubai bank expanding Asian operations
State-owned Noor Islamic Bank seeks more business in Singapore and Malaysia to benefit from growth in Southeast Asia.
Basel III will have to wait
China will delay the implementation of tough new bank rules until next year.
Indian banks told to be serious with unclaimed deposits
The Reserve Bank of India advised banks to implement more processes in dealing with unclaimed deposits.
UBI inaugurates India's first 'talking' ATM
Union Bank of India became the first bank to make electronic banking easier for the visually impaired with its "talking" ATM.
Sterling Bank raises funds for expansion
Improved investor confidence leads to Sterling Bank of Asia raising US$11.5 million from the sale of Tier 2 notes.
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