News

The dire Eurozone debt crisis is forcing more European banks to withdraw massive investments from Asia.

Outsiders who successfully took control of Sacombank are pursuing mergers with other banks.

China’s heavily hyped banking reforms look more like a gimmick than the real deal.

ICBC and the Citic Group were found to have violated several financial regulations in a routine audit by the National Audit Office.

Russian banks expect to sign agreements with Chinese partners on financing several projects in Russia during President Vladimir Putin's visit to China next week.

Financial results for the TSB Bank showed 10% growth in profit to $66.5 million.

Korean banks are luring new customers by offering them great deals.

China has taken a key step towards making the yuan or renminbi a truly global currency.

Laos-Vietnam Bank will double its chartered capital to 70 million USD in June 2012 from the current 37.5 million USD from June 2012.

ANZ Indonesia will focus on lending to exporters as it aims to be Indonesia’s leading lender to commercial businesses within three years.

Transaction complexity is holding back the growth of Internet banking in Indonesia.

RHB Capital Bhd has signed a deal to acquire OSK Investment Bank Bhd for RM1.977 billion or US$625.9 million in cash and stocks.

Maybank Investment Bank Berhad (MIB) has obtained an investment banking licence from Hong Kong.

China’s banking sector is lending less and less because of the spreading economic slowdown.

Shares of Ta Chong Bank plunged after potential buyers of the bank had walked away from a possible acquisition.

Government and banking sector moves to reduce household debt begin to pay off