News
Korea's regulator to decide on Lone Star's stake sale this week
South Korea's Financial Services Commission will decide this week whether to order Lone Star Funds to lower its 51.02 percent stake in KEB to 10 percent.
Korea's regulator to decide on Lone Star's stake sale this week
South Korea's Financial Services Commission will decide this week whether to order Lone Star Funds to lower its 51.02 percent stake in KEB to 10 percent.
Woori Bank to sue Citi, BoA, RBS over losses
Woori Bank plans to sue 3 foreign banks in a New York federal court due to improper sale of risky derivatives that caused it to incur heavy losses.
CCB says Bank of America deal won't affect development
A China Construction Bank spokesman said that Bank of America's decision to sell most of its CCB shares will not affect CCB's development.
Bank Islam eyes Indonesian expansion
Bank Islam Malaysia Bhd plans to expand its operations in Indonesia and other countries where there are a majority of Muslims.
China Construction Bank Corp loses ties with Bank of America
BofA will sell its remaining 10.4 billion CCB shares to private investors this month.
Korean banks increase long-term foreign borrowing
South Korean banks rushed to secure long-term foreign currency loans to prepare for a possible crisis.
Japanese megabanks' net profits better than expected
The net profits of Sumitomo Mitsui Financial Group Inc. and Mitsubishi UFJ Financial Group Inc. from April to September came in better than initial estimates.
TienPhong Bank posts net profit of VND79B
TienPhongBank posted a net profit of VND79.07 billion or $3.77 million in the third quarter of this year, rising 50% from a year earlier.
Asian banks rely on block deals to revive equity capital markets
There have been three block deals worth more than $2b in the past week.
Nepal's Nations Trust Bank post-tax profits up 38%
The Nations Trust Bank reported post-tax profits of Rs 1,170 million for the first 9 months of the year, up 38% over the corresponding period in 2010.
Saigon-Hanoi Bank to open branch in Laos
The Saigon-Hanoi Bank has been allowed by the State bank of Vietnam to open a branch in Laos.
BIDV now has 12 branches in HCM City
The Bank for Investment and Development of Vietnam opened three additional branches in Ho Chi Minh City.
Indonesia's Islamic banking assets grow by 4 %
Indonesia's Islamic banking sector beefed up its assets by 46.55 percent to 126 trillion rupiah or some 14.002 billion U.S. dollars year on year in September.
Private lending in China may be monitored: central bank official
The Chinese government may put up a monitoring system for private lending activities.
Indonesian banks asked to trim lending rate
Indonesian banks were asked to decrease their interest rate in order to help spur economic growth.
HSBC China's capital replenished by CNY2.8B
HSBC Bank China's capital 's parent company, the HSBC Limited, has replenished its capital with 2.8 billion yuan or US$442 million U.S. dollars.
Goldman Sachs to sell $1.1b shares in Industrial & Commercial Bank of China
This is Goldman’s third sale of its ICBC stock since 2006.
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