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Hang Seng Bank expands non-interest income sources
The lender is currently ready to distribute mutual funds is already in talks with fund management companies about possible cooperation.
Hang Seng Bank expands non-interest income sources
The lender is currently ready to distribute mutual funds is already in talks with fund management companies about possible cooperation.
ICICI Bank targets 1,500 new branches in 4 years
Inclusion of Bank of Rajasthan’s 450 branches into the network comprises a huge fraction of additional branches.
China Everbright defers $6bln Hong Kong listing
Delay resulted from growing volatility in global markets even as the lender planned to price deal on July 8.
First Bank and ICBC join forces
ICBC is the fourth Chinese bank with which First Bank had signed an MOU for overseas expansion.
OCBC private banking unit increases managed assets
Bank of Singapore aims to tap the growing number of affluent Chinese and Indians by establishing local offices in their respective countries.
Union Bank of India targets 2,500 additional ATMs
The lender is to set up five fully automated branches in Tamil Nadu to address the growing need for electronic banking.
Global banking regulators to increase capital charge for banks by up to 2.5%
An additional 1% surcharge would also be imposed if a bank becomes significantly bigger, according to Reuters.
Bank Andara launches world’s first mobile-enabled microfinance services network
AndaraLink offers 40mn Indonesians access to financial services via mobile terminals.
Is Hong Kong’s banking sector in trouble?
The Royal Bank of Scotland says there is risk of a financial crisis after an extended period of ultra-loose monetary conditions in Hong Kong.
RHB may eye merger with AMMB
RHB Capital Bhd may revisit a potential merger with AMMB Holdings Bhd after failed deals with CIMB and Maybank.
Maybank pulls out of RHB bid
Maybank pulled out of negotiations for the purchase of RHB Capital because of the prohibitive price.
PGBank's deposits near VND14 trillion in 2010
PGBank raised its total deposits in 2010 to 13.995 trillion dong, based on its recently released 2010 annual reports.
Woori privatisation collapses behind parliamentary opposition
FSC withdraws proposal to legally ease bank ownership regulations, signaling death of Woori’s stake sale.
DBS Taiwan to sell new high-yield savings products
Move in response to customers who like to see their deposit rates surge in line with actions taken by the Taiwanese central bank.
Malaysian banks stable in the next 12-18 months
Moody’s says GDP growth of 5% - 6% will help support the banking sector’s sustainability in earnings.
China to overtake US as world’s largest banking economy by 2023
CRBC says the total assets of foreign banks in China increased to RMB 1.74 tn at the end of 2010.
OceanBank partners with Vinalines
OceanBank pledged to provide financial and banking services to Vinalines including lending for purchasing ships, advising card services, and others.
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