News

Woori’s privatization hits snag anew

National Pension Service’s unwillingness to participate in Woori stake purchase sale raised difficulty for three bidders to secure $6bn capital.

Woori’s privatization hits snag anew

National Pension Service’s unwillingness to participate in Woori stake purchase sale raised difficulty for three bidders to secure $6bn capital.

StanChart to replace PCs with iPads

The lender wants to be in the forefront of innovation in banking ease by using more intuitive and user-friendly tablets. 

United Overseas Bank to beef up private banking unit

The lender seeks to add its private bankers to 200 by 2016 from more than 40 at present to tap Singapore’s growing ultra-rich population.

StanChart to retain stake in AgBank

The lender’s CEO expressed satisfaction in its collaboration with the Chinese lender amidst speculation that foreign stakeholders may divest stakes in mainland banks.

South Korea top banks tap insurance market

Sagging profits the nation’s top 4 prompted them to hire more employees to boost insurance business.

Fast CBA deals helps boost our growth—BPI

Industrial peace make the lender rake in more profits amid fierce competition in the industry.

Malaysia mulls to add leniency to foreign banks’ expansion

Bank Negara Malaysia opened up a wider door for Southeast Asian banks to add number of branches.

M&A speculations still circulating around Malaysia’s banking sector

Hwang DBS Vickers Research said there is still room for Malaysian banks to consolidate after speculations that Alliance Financial’s major shareholders will sell their 29.1% stake surfaced.

Korea warns against banks' big dividend payouts

South Korea's Financial Supervisory Services put the brakes on local financial groups' moves to dole out substantial amounts of dividends to their shareholders.

Banks banned from investing in ‘kimchi’ bonds from July 25

The direct impact of the new rules is on the KRW cross currency basis.

China Merchants Bank to launch $5.4bn rights issue

The lender to issue up to 2.2 shares for every 10 existing shares to comply with stricter capital requirement in China.

Maybank keen on Thai expansion

Maybank hopes to operate a bank in Thailand, said its president/CEO, Datuk Seri Abdul Wahid Omar.

United Overseas Bank Thai helps SMEs expand in Southeast Asia

With Thai government’s backing the lender will tap its regional network to bolster SMEs’ expansion.

Union Bank of India targets raising $500mn via bonds

The lender seeks to get funds from Reg S bond, allowing it to be offered to overseas investors.

SC First Bank asked to step up liquidity management

South Korea's Financial Supervisory Service ordered SC First Bank Monday to ramp up its liquidity management to minimize the impact of a bank run sparked by a prolonged strike.

Hua Nan Financial mulls setting up China leasing company

The lender seen to use its affiliate Hau Nan Bank to form a leasing firm to immediately engage in CNY-based businesses in the Mainland.

HDFC Bank unveils credit card for ultra rich

Infinia aimed to be issued to the by-invitation only to 5000 individuals that comes without spending limits.