News

China's bank lending quickened to 548.5 billion yuan or $86 billion in August, topping market expectations of 500 billion yuan and rebounding from July's seven-month low.

Bank of Nova Scotia will buy close to 20 percent stake in Bank of Guangzhou for about C$719 million or $722 million.

Bankcard transactions in China during the first half of 2011 reached 178.6 trillion yuan or US$27.9 trillion U.S. dollars.

But BBVA Research expects gradual tightening to resume if and when the global environment stabilizes.

He said there is no immediate need for Hong Kong’s banks to raise capital amidst the debt crisis in Europe.

The Reserve Bank of India has to allow at least 12 foreign banks to open local branches every year.

An analyst said earnings contribution and the growth strategy of banks would be affected because of the proposed measure.

The lender is the first of China’s Big Four to secure license from India’s central bank.

China asked American bank to sell only half its holdings in CCB.

The lender believes global economic uncertainties would have lesser impact on Malaysia’s economy as it was largely driven by local demand.

The bank did not further expand the the asset purchase program or lending program at the latest monetary policy meeting.

DBS expects this given that the central bank has initiated its interest rate normalisation process earlier than many central banks in the region.

RHB Capital has put on hold its application to acquire Indonesia's PT Bank Mestika Dharma amid Bank Indonesia's plans to limit single-party ownership in commercial banks to not more than 50%.

Singapore alerted banks from the risk of receiving assets of tax evaders or the proceeds of criminal activities.

It is concerned that the profitability and capital buffers of the banks will fall.

Malaysia is giving out financial services licenses to foreign companies to boost banking industry competition.