News

Global spending on retail banking to increase 24% in 2015

An increase in spending on technology is expected over the next five years to hit US$132 billion, according to Ovum.

KDB keen on buying a Southeast Asian bank

KDB pulled out stake sale in Siam City citing regulatory uncertainties in the global banking industry.

China probes CBA’s Chinese partner on fraud involvement

Qilu Bank has been alleged to have received $227mln worth of forged commercial bank bills.

KEB labor union files Hana takeover injunction

Union claims KEB board directors' collaboration with Hana was illegal.

ANZ issues $3bln debt in 3-part sale

The bank issued $1bln three-year notes, $1bln 10-year bonds and $1bln three-year floating rate notes.

Bank Negara Indonesia launches micro loans for migrant workers

The lender had already released US$222,000 to migrant workers from the East Java town of Kediri.

World Bank issues first renminbi bond sale in HK

The bank’s entry into the renminbi bond market will permit investors to diversify their currency holdings and expand their renminbi exposure.

Woori and Hana plans to engage in savings bank business

Acquisition of savings banks would help major lenders seen to delay potential systemic risk through diversification.

Maybank acquires 44.6% stake in Kim Eng

Transaction represents stepping up of the lender’s investment banking and equities platform in ASEAN.